Bitcoin ETFs approved, BUT WHY are Crypto Prices DOWN?🤔
Keeping you updated with the latest crypto news
This past week in the crypto world was nothing short of a thrilling rollercoaster ride! 🎢 From the high of Bitcoin ETF approvals to a sudden market correction, let's dive into the major happenings of the week. 🚀📉
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📅 Jan 10: A Big Day for Bitcoin ETFs 🌟
SEC Greenlights 11 Spot Bitcoin ETFs: The U.S. Securities and Exchange Commission (SEC) made a landmark decision by approving 11 spot Bitcoin Exchange-Traded Funds (ETFs). This move is expected to bring a new wave of investors into the crypto space. 📜✅
Cboe BZX Lists Six New Bitcoin ETFs: Henry Jim, an ETF Analyst, announced that Cboe BZX issued listing circulars for six new Bitcoin ETFs, including Invesco Galaxy Bitcoin ETF ($BTCO), Frankin Bitcoin ETF ($EZBC), and others.📊🆕
🔮 Cathie Wood's Prediction on Bitcoin ETFs 🌐
On the same day, Cathie Wood, a renowned fund manager, predicted that the approval of Bitcoin ETFs would be a long-term "price driving event," positively impacting Bitcoin's price over time. 📈🔮
📉 Jan 12: Bitcoin's Sudden Slump 😲
Bitcoin Falls Below $43K: Just when things were looking up, Bitcoin experienced a significant drop, falling below the $43,000 mark. This was attributed to heavy day trading post-ETF approval and usual miners selling their BTC holdings. However, there's a silver lining: post-Bitcoin halving, prices are expected to trend higher due to reduced miner selling pressure. 💸📉
Discover what else was going on in the world of crypto and Web3 last week in our latest podcast episode:
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