Crypto traders are hopeful that the approval of a spot bitcoin ETF will revive the market. Despite ongoing geopolitical conflicts, major tokens like XRP, Solana's SOL, and BNB Chain's BNB have stabilized after a week-long drop. Analysts believe that the recent slump in crypto markets is due to rising oil prices and a drop in traditional equities, which could impact international trade. Bitcoin is currently hovering just above $26,800 after a 3% loss in the past week, while ether (ETH) is trading over $1,500 after a 5% weekly hit. Traders are eagerly awaiting the approval of a spot bitcoin ETF in the U.S. as they expect it to increase institutional demand and bring in new money.
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Crypto Traders Await Approval of Spot Bitcoin ETF to Boost Markets
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