Bitcoin Slumps as Investors Sell After ETF Approval
Bitcoin’s price dipped below $42,000 on Monday, following a recent surge after the approval of a Bitcoin ETF. Investors appear to be taking profits, leading to a decline in Bitcoin’s value. Notably, Bitcoin is underperforming compared to other cryptocurrencies, ranking 99th among the top 100 assets in terms of 7-day price performance.
Altcoins Outperform as Investors Seek Alternatives
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Bitcoin ETFs hit over $4.5 billion in trading volume on their first day.
Grayscale and BlackRock’s ETFs top the volume rankings.
The launch of spot Bitcoin ETFs sparks a trading frenzy.
Have you ever wondered what it would be like to trade Bitcoin just like stocks? Well, the future is here, and it’s wrapped in the shiny package of Bitcoin ETFs! With the recent approval of several Bitcoin ETF applications, the crypto market is b…
The U.S. Securities and Exchange Commission (SEC) has approved a spot Bitcoin ETF, marking a significant milestone in the history of cryptocurrency.
The approval of a spot Bitcoin ETF by the SEC is a landmark event in the world of finance. It signifies the recognition of Bitcoin as a legitimate asset class by one of the most influential financial regulatory bodies in the world. This is not just a victory for Bitcoin but for the entire cryp…
