Bitcoin holds drop as traders mull likely reaction to spot ETFs

December 27, 2023

PUBLISHED : 27 Dec 2023 at 10:38

A Bitcoin sign displayed at the Bitcoin Plaza during an employment fair on the second anniversary of the cryptocurrency being accepted as a payment method, in Ilopango, El Salvador, on Sept 7, 2023. (Photo: Reuters)

SINGAPORE – Bitcoin held a retreat as traders assessed how crypto markets might react if regulators meet expectations by approving the first US exchange-traded funds investing directly in the token.

The largest digital asset shed 2.4% over the past 24…