LATEST: Bloomberg Analyst Anticipates 90% Probability for January Bitcoin ETF Approval

The cryptocurrency market is abuzz with optimism as events like Bitcoin halving and the anticipated approval of a spot Bitcoin ETF next year fuel expectations of a bull market. Bloomberg’s senior ETF analyst, Eric Balchunas, reaffirms a 90% chance of ETF approval by January 10, a stance Bloomberg has maintained for months. Despite Bitcoin’s recent slowdown, it consistently stays above $37,000, with indicators suggesting it won’t fall below $35,000. Skepticism remains, but the overall sentiment leans heavily towards the ETF’s approval, indicating a bullish outlook for Bitcoin.

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