Bitcoin price churns under $37K as markets hold breath for ETF news

Equities traded sideways while cryptos were mixed Friday morning, rounding out a tumultuous week for markets across the board. 

Bitcoin (BTC) gained as much as 1% Friday afternoon while ether (ETH) dipped into the red, posting a 1.6% loss. Stocks were trading almost completely flat, extending their sideways movement from Thursday. 

Bitcoin’s rally, which has seen the largest crypto gain close to 30% in the past month, has largely been attributed to optimism that the US Securities and Exchange Commission will soon green light a BTC exchange-traded fund. 

The speculation continued Friday when Bloomberg Intelligence ETF analyst Eric Balchunas posted on X that he’d heard the…

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