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Bitcoin falls ahead of ETF decision, ether surges to its highest level since May 2022

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Bitcoin and other cryptocurrencies dawdled as investors awaited the official U.S. Securities and Exchange Commission approval on spot bitcoin exchange-traded funds, a day after the regulator’s X account posted a false announcement on the highly anticipated news.

The price of bitcoin fell more than 2% Wednesday, extending losses from the previous day, to $45,398.66, according to Coin Metrics. Meanwhile, ether (ETH) rose more than 7% to $2,434.41. Earlier, it rose as high as $2,453.04, its highest level since May 2022.



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