From Nasdaq:

– Bitcoin experienced a major rebound in 2023, surging over 150% after an initial struggle in 2022.
– Many believe that 2024 could be even better for Bitcoin, with the looming approval of spot Bitcoin exchange-traded funds (ETFs).
– SEC Chairman Gary Gensler’s social media account was hacked, causing confusion and a brief sell-off in Bitcoin as people waited for clarification.
– Eventually, spot Bitcoin ETFs began trading on January 11, bringing clarity to the market.
– The approval of spot Bitcoin ETFs is a major milestone, prompting excitement about increased institutional investor interest in Bitcoin.
– Despite the optimism, trading in Bitcoin should be closely monitored by investors.



Read more: Bitcoin’s Roller Coaster Week — Here’s What Happened and What It Could Mean for Crypto Investors.