Bitcoin (BTC) hovered above $43,000 on Jan. 4 as the market awaited news on a potential approval of the first spot Bitcoin ETF in the US. Despite rumors, no announcements had been made at the time of writing. Bloomberg Intelligence analyst James Seyffart suggested that a preliminary nod from regulators could come this week, with formal approval by Jan. 10. Meanwhile, trading firm QCP Capital noted that BTC's resilience gives them more confidence in a medium-term bullish view into the halving event in March/April. The firm also highlighted the potential impact of interest rate policy by the Federal Reserve on the crypto market.