https://decrypt.co/208321/grayscale-bitcoin-etf-approval-when-not-if">rekindling optimism that waned since the onset of the bear market last year. In the past 30 days, Bitcoin has experienced a robust 15% climb, and, as expected, this is driving the value of other coins upward. Ethereum is back above $2,200, an almost 11% gain within the past week, according to crypto intelligence outfit Coinmarketcap.

Experts believe the primary driver behind Bitcoin's recent rally is the mounting anticipation surrounding the potential approval of a Bitcoin spot exchange-traded fund (ETF) in the United States. Major players including BlackRock, Fidelity, ARK Invest, and 21Shares are in the race for approval. According to CoinTelegraph, an approved ETF could inject a staggering $600 billion in new demand into the crypto market, marking a watershed moment for the industry.

Notably, Ethereum and various popular NFT projects, such as Pudgy Penguins, DeGods, and Azuki, have also experienced upward price movements over the weekend, indicating a general bullish trend in the market.

Bitcoin's year-to-date surge of 120% underscores its resilience and potential for further gains, with analysts foreseeing positive momentum in the near term. The forthcoming Bitcoin Halving in April 2024 adds to the bullish indicators, which project Bitcoin’s rise to its pre-bear market highs.

CryptoQuant analysts predict a $1 trillion increase in Bitcoin's market capitalization post-ETF approval, while Galaxy Digital envisions a 74% surge within the first 12 months following approval.

Bitcoin's dominance in attracting institutional inflows is evident, with $1.5 billion out of the $1.66 billion invested in crypto products over the past 12 months flowing into Bitcoin.

As the anticipated ETF approval deadline of January 10, 2024 approaches, the metrics and market dynamics suggest the potential onset of a significant bull run. Several Investors and enthusiasts are stoked about the current landscape and are seeing it as an opportunity to engage with Bitcoin. Yet, the question remains: Should you care? The resounding answer, based on the current landscape, is a thoughtful consideration to potentially capitalise on the emerging opportunities within the crypto market.