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Bitcoin Price Prediction: BTC Nears $43,150 Post-ETF Approval – Potential Rebound Ahead?
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After a period of bullish momentum leading Bitcoin to surpass the $49,000 threshold, the digital currency faced a setback, with prices tumbling to the vicinity of $43,150 subsequent to the approval of U.S.-based spot Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC).
The decline to around $43,000 on January 12 reflects the market’s volatility in response to the SEC’s nod for spot ETFs, culminating in over $80 million worth of liquidated Bitcoin futures positions in a single day.
BTC falls below $44k
Read more on cryptonews.comAbout this in other media
Bitcoin Price Prediction: BTC Nears $43,000 Amid Core Scientific Bankruptcy, Bukele Reelection & Grayscale ETF News cryptonews.com /11 months ago
What caused the Bitcoin (BTC) dump post ETF approval? Is it time to look towards Ethereum (ETH) and Retik Finance? cryptonews.com /11 months ago
Bitcoin Price Prediction as Greed Index Hits Neutral Post-ETF Launch – Are Investors Losing Confidence? cryptonews.com /11 months ago
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