Ethereum ETF decision due in hours as BTC price gets $80K May target

Bitcoin and Ethereum markets face a crunch day with volatility predicted around the Ether ETF decision.

Bitcoin (BTC) lurked near old all-time highs on May 23 as the hours ticked down to a decision on spot Ethereum (ETH) exchange-traded funds (ETFs).

Data from Cointelegraph Markets Pro and TradingView showed BTC price action above $69,000 after two dips below the day prior.

A sense of anticipation pervaded markets as expectations saw United States regulators approving the Ethereum ETF products — a sharp turnaround from just weeks ago.

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