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BTC price dips below $62K on VanEck Bitcoin ETF launch day
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Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third United States regulated exchange-traded fund (ETF) failed to budge the sideways price action.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting daily lows as U.S. markets opened on Oct. 26.
The latest ETF, the VanEck Bitcoin Strategy ETF (XBTF), was met with a decidedly different mood on the day as Bitcoin seemed unmoved by the prospect of fresh institutional involvement.
Last week's ProShares Bitcoin Strategy ETF saw a surge, which ended in new all-time highs for BTC/USD, these still unmatched as a correction challenged $60,000 support.
At the time of writing, $62,000 formed a shaky focus, which is still in line with the latest price forecasts from
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