Bitcoin ended last week at around $41,400, recording a 5.5% loss from the previous week s closing value of around $43,800. It continued to dip Monday, reaching a weekly low of about $40,425.
Avalanche (AVAX) price has recorded one of the most striking performances in 2023, outperforming most tokens in the crypto top 100 by market capitalization (including the top three, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), which are up 58%, 53%, and 27%, respectively).
Bitcoin (BTC) price remains bearish, but there is hope, after the US Department of Justice may just have cleared the path for the approval of spot BTC exchange-traded funds (ETFs). According to some analysts, one of the stumbling blocks to the approval was the dominance of Binance exchange in the industry.