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The launch of the spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) in January was a landmark event. For good reason, the ETFs are widely seen as one of the primary catalysts behind Bitcoin's triple-digit percentage gains this year. Tens of billions of dollars have flowed into these spot Bitcoin ETFs, and that has helped to push up the price of Bitcoin throughout the year.

The decision is part of the company's strategic shift to focus on markets such as the U.S., Europe and the Middle East

The holiday season is here, bringing with it the familiar question: what’s the perfect gift for loved ones? You might be surprised to learn that cryptocurrencies like Bitcoin, Ether, and others can be gifted to someone. By gifting cryptocurrency, you can introduce someone to the exciting world of digital assets, giving them not just a gift but also a potential investment and a chance to explore the future of finance.

(Bloomberg) -- A Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in BuffaloThe price of the original cryptocurrency dropped as low

Here is a 2-minute breakdown of everything important that happened in crypto today.

“We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.

Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses.