The original crypto ended the week in the green after post-ETF selling appeared to have bottomed out.
- Bitcoin prices
BTCUSD recouped some of its recent losses last week after buying optimism added 8% to the token in the past three days. The orange coin hit a bottom of $38,400 just before crypto participants swooped in and scooped up some of the discounted digital goods. - The choppy trading swept across the token space right after US regulators approved the first spot Bitcoin exchange-traded funds. Now, a pack of eleven ETFs that trade actual Bitcoin are available to US investors, big and small. But the buildup to the launch turned out to be more lucrative to buyers than the event itself.
- Early on Monday, prices were sitting near the $42,500 mark, getting ready to test demand after five straight days of gains. Still, despite the highly anticipated ETF launch in early January, Bitcoin is looking to wrap up the volatile month in the red, flashing a modest loss of about 2%.
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