Decrypt - Bitcoin plummets after ETF launch as profit-taking and Ethereum ETF delay cast a shadow over crypto markets

in blockchain •  8 months ago 

https://decrypt.co/213494/this-week-in-coins-despite-etf-hype-bitcoin-and-ethereum-plunge-hard
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Cryptocurrencies take a tumble just over a week after the much-anticipated launch of spot Bitcoin ETFs.

Bitcoin sheds 10% despite the ETFs' initial success, likely due to profit-taking from investors. Ethereum and other major coins also suffer losses, with the entire market down 2.8% in 24 hours.

The delay in approval for a spot Ethereum ETF further dampens spirits, highlighting the continued uncertainty in the crypto landscape.

Beware of Bitcoin ETF!!

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blockchain horror hype bitcoin plummet ethereum etf crypto
8 months ago by

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      ·  8 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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