Impending Ethereum ETF Verdict as Bitcoin Aims for $80K in May

Bitcoin (BTC) hovered near its previous all-time highs on May 23 as the market awaited a decision on Ethereum (ETH) exchange-traded funds (ETFs). BTC’s price remained above $69,000 after experiencing two downward movements the day before. There was a sense of anticipation in the market as regulators in the United States were expected to approve the Ethereum ETF products, which was a significant change from just a few weeks ago. This positive sentiment led to an increase in both Bitcoin and altcoin prices, with BTC/USD potentially reaching $80,000. Traders were optimistic about the ETF approval, with QCP Capital predicting a 60% increase in Ether’s price if it were to happen. The decision on the ETFs was scheduled to be announced at around 8:30 pm UTC. Please note that this article does not offer investment advice or recommendations, and readers should conduct their own research before making any investment decisions.