(BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per Don’t forget to enter the dataTradingView.

But, financial watchdogs have made the situation worse. rejecting VanEck’s proposalThe spot ETF was created by a Nov. 12 trader, which caused the price for the flagship cryptocurrency (Crypto) to fall to a low of $55,705 for 30 days on Nov. 19. As of this writing, the price for the token was in the $56,000-range.