Bitcoin pulls back before SEC’s ETF decision. Here’s why.

Bitcoin rallied over 150% in 2023, but the crypto is still over 35% lower from its peak in 2021. Crypto market participants in general expect the SEC to approve a spot bitcoin ETF by Jan. 10, by which the agency has to decide whether to approve the application filed by ARK Investment and 21 Shares.

Crypto optimism in the age of the doomer

In fact, in the three issues that matter most to crypto — technical advancement, regulatory progress, and adoption — the tailwinds taking us into 2024 will be met with continued headwinds we must ...