"Bitcoin Slips Below $42K Amid ETF Disappointment and Support Concerns"
TL;DR Summary
Bitcoin's price dipped below $42,000 after the launch of spot Bitcoin ETFs in the U.S., with the wider crypto market also experiencing a pullback. The Crypto Fear & Greed Index turned "neutral" for the first time since November 2023, indicating a shift in market sentiment. Despite the initial surge in price, Bitcoin's momentum was short-lived, leading to a decrease in market dominance and open interest.
Topics:business#bitcoin#crypto-fear-and-greed-index#crypto-market#cryptocurrency#etf#market-sentiment
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