Bitcoin Dips Below $40K as ETF Hype Fades
TL;DR Summary
Bitcoin has fallen to its lowest level since mid-December as the excitement over new exchange-traded funds (ETFs) fades, with the largest digital asset down about 10% since the US approved ETFs. The token is now underperforming stocks since the beginning of 2024, and smaller tokens like Ether, Solana, and Polkadot are also struggling amidst the market downturn.
- Bitcoin (BTC) Slides to Lowest Since Mid-December as ETF-Led Enthusiasm Wanes Bloomberg
- Bitcoin slides back to $40,000 as post-ETF correction deepens CNBC
- 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
- Here's why Bitcoin bulls are failing to shift the $42K BTC price range Cointelegraph
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