Bitcoin faces crucial levels; breaking $43,960 may lead to a $44,650 resistance test.
BTC’s trading volume saw a decline of 15% in the past 24 hours.
As Bitcoin ETFs made a historic entry into the market last week, excitement turned into uncertainty as the leading cryptocurrency faced a bearish trend, currently trading at $42,789 with a slight 0.10% dip in the past 24 hours and a 6.56% decrease over the past week.
Meanwhile, in the first three days of trading, approximately 21,000 bitcoins, equivalent to $894 million at the current price of $42,600, flowed into the newly approved spot bitcoin exchange-traded funds. BlackRock‘s iShares Bitcoin Trust (IBIT) took the lead, adding 16,362 bitcoins, followed closely by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with 12,112 bitcoins. However, Grayscale’s Bitcoin Trust (GBTC) experienced significant outflows, shedding around 25,000 BTC.
GBTC, once a closed-end fund, converted into an ETF alongside other new products as the U.S. Securit
We współpracy z: https://thenewscrypto.com/where-is-btc-headed-bearish-sentiments-loom-post-bitcoin-etfs-approval/
