Bitcoin (BTC) is currently undergoing a correction after experiencing significant gains in the first week of December.
The BTC/USDT trading pair saw a slight decline of 0.7% on Wednesday, followed by an additional 1.3% drop in early Thursday trading, positioning the leading cryptocurrency at $43,196 at this moment.
Despite this, optimism remains that Bitcoin’s impressive recent rally will persist throughout the holiday season, as the market contemplates the likelihood of a traditional Santa Claus rally.
The media continues to focus on the excitement around spot-bitcoin exchange-traded funds (ETFs), with US regulatory bodies on the verge of allowing Bitcoin to be traded on US stock exchanges for the first time.
According to sources who spoke to Reuters on Thursday, discussions between US Bitcoin ETF proponents and the Securities and Exchange Commission (SEC) have progressed to discussing critical specifics.
