"Bitcoin Volatility Peaks as ETF Rejections and Flash Crashes Spur Investor Caution"

Bitcoin's price experienced a downturn following a report from Matrixport suggesting potential SEC rejection of spot BTC ETF applications, which was later refuted by Bloomberg's ETF analyst Eric Balchunas. Despite the price drop, technical analysis indicates a bullish divergence, hinting at a possible rally with Bitcoin potentially reclaiming the $45,000 mark. The crypto market remains optimistic about the approval of a spot BTC ETF, especially after a court victory that requires the SEC to review a previously rejected proposal.