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BTC Visits Sub-$41,000 for the First Time Since ETF Approvals

From fxempire.com

BTC slid by 3.41% on Thursday. Following a 0.91% loss on Wednesday, BTC ended the day at $41,333. Significantly, BTC returned to sub-$41,000 for the first time since December 18. On January 11, investors responded to the SEC approving BTC-spot ETFs. BTC struck a high of $49,023 before a return to sub-$41,000. These losses occurred despite the upcoming BTC halving event and the expected increase in demand for BTC. Bloomberg Intelligence ETF analyst Eric Balchunas shared the latest trading volumes for the BTC-spot ETFs, saying, “This is interesting, the Newborn Nine actually saw a 34% jump in volume today vs yesterday. ... (full story)

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  • Category: Technical Analysis