Bitcoin Drops Toward $95K As US Senate Banking Committee Delays Crypto Market Structure Bill

TL;DR:

The post Bitcoin Drops Toward $95K As US Senate Banking Committee Delays Crypto Market Structure Bill appeared first on Coinpedia Fintech News Bitcoin rose back above $97,000 this week as more money flowed into US spot Bitcoin ETFs, according to market data and analysts. However, BTC price is now sl...

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.