Bitcoin Dips Below $40K Amid Post-ETF Correction
TL;DR Summary
Bitcoin and other cryptocurrencies are experiencing a decline following the launch of the first spot Bitcoin exchange-traded funds, indicating a "sell the news" trend in response to regulatory approval. Analysts are watching a key level for a potential "more intense correction" in the market.
- Bitcoin Prices Keep Falling. Watch This Level for a ‘More Intense Correction.’ Barron's
- Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day CoinDesk
- Bitcoin Drops to Lowest Level Since Approval of ETFs Yahoo Finance
- Bitcoin slides back to $40,000 as post-ETF correction deepens CNBC
- A look at the reasons behind today's crypto dip Cryptopolitan
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