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buy for rumor, sell for reality
quoting note12kp…yn02Bitcoin Price Falls After Spot Bitcoin ETF Launch and IMF Director's Critical Views on Cryptocurrencies
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#c98c15b7 ver:0.3
Bitcoin's price experienced a significant drop from $49,000 to nearly $42,000 following the launch of the Spot Bitcoin ETF. The decline in price was attributed to investors selling on news or concerns about the approval of the ETF by the US Securities and Exchange Commission (SEC). The launch of the ETFs had initially sparked excitement and briefly pushed Bitcoin's price to a two-year high above $49,000. However, the subsequent decline in price reflects a 'buy-the-rumor, sell-the-fact' reaction from the market.
The decline in Bitcoin's price comes amidst mixed opinions on the impact of the ETFs. Supporters of the ETFs highlight the increased investor access to Bitcoin, while skeptics express caution due to the volatility of the cryptocurrency market. The new ETFs have seen significant inf...
#newstr #Bitcoin #SpotBitcoinEtf #Sec #Cryptocurrencies #Imf #KristalinaGeorgieva #AssetClass #Volatility
https://here.news/story/c98c15b7?ver=0.3