From Wall Street Journal:



The article discusses old market maxims that can apply to the relatively new technology of Bitcoin. It mentions a mistaken report about the U.S. Securities and Exchange Commission approving the listing of a BlackRock exchange-traded fund that would track the price of bitcoin, and the subsequent correction of this information. The SEC has delayed decisions on spot ETFs, with some key deadlines now pushed to 2024. This shows that even though Bitcoin is new, it still follows the traditional pattern of market regulations and approvals affecting its performance.



Original: Bitcoin Rose on Rumors in 2023. How to Predict What Comes Next.