By: Michael Grullon
The hype and bullish momentum around Bitcoin is beginning to slow down, according to BTC price analysts. Following the approval of Spot Bitcoin ETFs in January 2024, Bitcoin went on an all-time-high hype train. The price of the leading cryptocurrency by market cap exploded to north of $70,000 and stayed around that value for some time. Since then, however, the coin has settled in the $60,000-$65,000 range and is currently trading at just over $64,000.