November 27, 2023
Image Credit: CNBC
January 24, 2024
By: Pooja
Image Credit: Livecoins
Bitcoin briefly surged past $49,000 post-spot ETF trading on January 11 but faced rapid declines afterward.
Image Credit: Daily Hodl
Bitcoin falls under $39,000 in European trading, wiping out two months of gains amid spot ETF approval anticipation.
Image Credit: Daily Hodl
Bitcoin drops over 5% in 24 hours, hitting $38,600, recovering slightly, ending down 4.69% at $38,927 currently.
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Peter Schiff, a Bitcoin critic, expresses surprise at its resilience, noting the surprisingly orderly decline amid the price drop.
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Schiff justifies predicting Bitcoin ETF approval as a "buy the rumor, sell the news" event, cautioning about potential negative impacts on BTC's price.
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Analysts foresee spot Bitcoin ETFs' U.S. launch, widely expected, possibly marking a short-to-midterm price high, contributing to the market downturn.