Bitcoin surges above $43,000 on ETF hopes!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 19, 2023 15:20

Bitcoin’s price has surged above $43,000, all because of renewed excitement over the potential launch of the first US spot Bitcoin exchange-traded fund (ETF). The news that asset manager BlackRock had changed its policy to allow Bitcoin redemptions for its product has fueled optimism, with the SEC due to make a final decision on spot ETFs in early January. Traders remain divided over whether Bitcoin will fall below $40,000 before a final push higher. The price recovery comes after a week of uncertainty, with Bitcoin falling from its recent 19-month high above $44,000.