• GBTC outflows totaling $1.4 billion in a week’s time suggest an increased investor interest. 
• Post-price crash, Bitcoin highlighted bullish sentiment following Jerome Powell’s optimistic announcement. 

The recent approval of Bitcoin [BTC] Exchange-Traded Funds (ETFs) by the United States Security and Exchange Commission (SEC) has definitely been a game changer in the cryptocurrency landscape.

This milestone has pushed Bitcoin to surpass its previous all-time high, surging past the $70,000 mark. However, the surge was not long-lived, and according to the latest update Bitcoin was trading at $66 000.