Bitcoins dips below $40k amid BTC ETF selloffs Bitcoin experienced a decline below the $40,000 mark as a result of sell-offs in GBTC from the insolvent crypto exchange FTX and the withdrawal of BTC deposits on Coinbase initiated by the spot BTC ETF issuer Grayscale. On January 22, Bitcoin (BTC) witnessed a nearly 9% decrease,

Following the approval of Bitcoin Spot ETFs, a downward trend has emerged, leading many analysts to view this as a “sell the news” scenario. Today, BTC witnessed a nearly 10% decline, reaching the $41,500 mark. The cryptocurrency market experienced a substantial liquidation, totaling $93 million in the last hour. Long positions accounted for $86.81 million,

After the SEC’s endorsement of the spot Bitcoin ETF in the United States, certain cryptocurrencies are poised to experience greater advantages than others. This approval facilitates straightforward entry for both retail and institutional investors, regardless of their familiarity with web3, allowing them to directly engage with Bitcoin (BTC). Anticipations surround a surge in cryptocurrency demand,

On January 10, the United States Securities and Exchange Commission (SEC) granted its approval for numerous spot Bitcoin exchange-traded funds (ETFs). As per an official filing by the SEC, these spot Bitcoin ETFs have received clearance for inclusion on all accredited national exchanges in the United States, including the Nasdaq, NYSE, and CBOE, concluding a

An unidentified group of hackers took control of the United States Securities and Exchange Commission (SEC) X account, where they posted a fabricated announcement indicating approval for a spot Bitcoin ETF. On January 9, SEC Chair Gary Gensler refuted the misleading message, asserting that no spot Bitcoin ETF approvals had been granted. Gensler clarified the