Major cryptocurrencies were on a tear at the end of last year, driven higher by anticipation that US regulators would approve bitcoin exchange-traded funds, broadening the pool of potential investors. Once those funds received the go-ahead, bitcoin fell. What gives? Bitcoin topped $47,000 early this month for the first time since April 2022, as investors anticipated that the US Securities and Exchange Commission would approve the first ever exchange-traded funds tracking the spot price of bitcoin. But the cryptocurrency declined after the favorable SEC decision duly came on January 10. And bitcoin edged below $40,000 ... (full story)