Amid renewed concerns over US regulators' acceptance of physical Bitcoin ETFs (exchange-traded funds) later this year, Bitcoin hovered above $61K on first approval in the United States.
What do you think about the new concerns that will occur in the future?
For more than 20 days that we are trading around $62k levels which may be good or may not. It seems market is looking for some positive external trigger so that it may continue its bullish trend. Bitcoin ETF approval was expected to be having big impact into bitcoin market but as of now we are not seeing any significant impact for some reasons.
Does it mean that people already got enough methods/opportunities to trade/buy bitcoin which means they do not need bitcoin ETF for the purpose of trading/buying?