Bitcoin (BTC) returned above $43,000 into Dec. 19 amid fresh news over the United States’ would-be first spot price exchange-traded fund (ETF).
BTC/USD 1-hour chart. Source: TradingViewBitcoin ETF excitement still simmering
Data from Cointelegraph Markets Pro and TradingView showed a BTC price recovery taking the market to local highs of $43,456 after the daily close.
After starting the week on an uncertain footing, BTC/USD swiftly gathered strength, with the Dec. 18 candle closing over 5% above the day’s low.
Later, news came that asset manager BlackRock, among the applicants to launch the first U.S. Bitcoin spot ETF, had changed the policy around redemptions for its product to include…
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