Bitcoin dips to lowest level since Dec. 12 before bouncing as buyers hold $40k threshold
The quick recovery indicates a recalibration of investor sentiment and strategic buying at lower price points.
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The quick recovery indicates a recalibration of investor sentiment and strategic buying at lower price points.
Assad Jafri 3 min read
The delay only requires the SEC to begin proceedings around Fidelity in March.
BTC is currently at its lowest price since Dec. 18, 2023.
Spot Bitcoin ETFs have recorded roughly $500 million in trading volume on the third day of trading, as of press time.
The flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million.
The forecast hinges on a perceived supply shock driven by demand from the recently approved Bitcoin ETFs and the upcoming halving event.
The purchase by BlackRock effectively represents about 13 days' worth of Bitcoin production being absorbed by a single player.
Prices fell significantly on Friday despite general optimism around Bitcoin ETFs.
Initial trading volume points to an optimistic future for Bitcoin, which has held steady despite many claiming the approval to be a "sell the news" event.