Bitcoin prices recover ahead of SEC decision on spot ETF

After a sharp selloff on Wednesday, bitcoin prices (BTC-USD) are rallying on Thursday. Investors are eagerly waiting for the Securities and Exchange Commission to announce if it has approved a spot bitcoin ETF. A deadline for the decision is January 10. Yahoo Finance's Jared Blikre breaks down the price action. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich