Bitcoin's inability to maintain its recent bullish momentum could be a sign that the rally was just an euphoria driven event.
did not guarantee the approval of a spot Bitcoin exchange-traded fund.
. It is important to note that GBTC has been trading at a discount to spot Bitcoin price for the past two-and-a-half years.In the short term, even though the S&P 500 Index is on a path of recovery and the U.S. dollar index has turned down in the near term, the crypto markets are not able to sustain the higher levels. This shows that traders have maintained their focus on crypto-specific news.
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