Bitcoin Price Slumps as Wall Street Prepares for Crypto ETF Frenzy

Here is a 161-word summary of the article: The price of Bitcoin has dropped significantly in recent days as Wall Street prepares for the launch of the first U.S. Bitcoin exchange-traded fund (ETF). After reaching an all-time high above $66,000 last week, Bitcoin has fallen over 10% and is now trading around $58,000. The impending launch of the first Bitcoin ETF, which will allow investors to gain exposure to the cryptocurrency without directly owning it, has caused increased volatility in the crypto market. Analysts believe this anticipation has led to some profit-taking and a pullback in Bitcoin's price. Despite the recent dip, the approval of a Bitcoin ETF is widely seen as a major milestone for the cryptocurrency industry, as it will make it more accessible to mainstream investors. However, the price swings highlight the continued volatility and risks associated with investing in the highly speculative crypto market.