Bitcoin Hovers Around $41K as Altcoins Rally; Blackrock Files Revised ETF Proposal

Despite market fluctuations and high transaction fees, optimistic end-of-year predictions for Bitcoin remain, with targets around $75K to $80K.

Bitcoin (BTC) has been fluctuating around $41,000, with altcoins such as NEAR Protocol, Avalanche, and Solana seeing significant gains.
Blackrock has filed a revised spot bitcoin exchange-traded fund (ETF) proposal, potentially boosting its chances of approval in the U.S.
Genesis, a bankrupt crypto lender, has won a bid to block parent Digital Currency Group (DCG) from selling or reducing its ownership until Chapter 11 proceedings conclude.
Bitcoin's transaction fees have surged to a yearly high, attributed to the growing popularity of Bitcoin Ordinals, a type of unique digital asset inscribed on a satoshi, the smallest unit of Bitcoin.
Despite the current correction phase, end-of-year predictions for Bitcoin still remain optimistic, with targets around $75K to $80K.