BTC Stable Around $3,600, Bitcoin ETF Withdraw Barely Impacts Markets

Bitcoin (BTC) has had a relatively volatile week within a tight trading range between approximately $3,500 and $3,650. Yesterday, news broke that Cboe was withdrawing the highly-anticipated VanEck/SolidX Bitcoin ETF application due to the ongoing US government shutdown, which has barely impacted the markets.
Bitcoin’s ability to maintain around $3,600 signals that investors were not expecting the application to be approved in late-February, which could be a bullish sign for the current sta