Bitcoin is currently experiencing low volatility, with its price remaining within 10% of its one-year high of over $31,000. Despite pending decisions from the Securities and Exchange Commission regarding applications for spot bitcoin ETFs, analysts predict that this stagnation will continue in the short-term. Financial institutions such as BlackRock and Fidelity have filed for spot funds, but the SEC can delay the review process, leading to uncertainty about the sustainability of the current optimism.
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