How the Approval of Bitcoin ETF Affected the Whole Market

Good old days Surely you've already seen dozens of pictures with a Bitcoin price chart and marked peaks on it after the network's halving. I won't dwell on the halving, as much has already been said about it. I'll just say that halving was always awaited more eagerly than the Olympics and the FIFA World Cup combined. All because it has usually been followed by price spikes, which cannot but excite the market.

At that time, the publication tweeted about the approval of ETF by the US Securities and Exchange Commission when it hadn't actually happened yet. On that day, the market reacted with a sharp pump. publication In January 2024, the SEC finally approved a spot ETF on Bitcoin, and off it went. Since then, the crypto market, as they say, has been like a rollercoaster ride.

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