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Bitcoin falls, ether surges after SEC greenlights launch of U.S. bitcoin ETFs

From cnbc.com

Bitcoin fell late Wednesday afternoon after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency’s price traded lower by about 2% at $45,786.34, according to Coin Metrics. The approval has been one of the most widely anticipated events for crypto investors over the past few months. It’s regarded by many as a key catalyst for bitcoin and crypto broadly this year. The bull case is that it will bring a flood of new investors into the market. Bitcoin’s price is up 77% since late August, when optimism began to build following ... (full story)

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  • Category: Fundamental Analysis