$BTC The approval of 11 new Bitcoin exchange-traded funds ha | joney000 on Binance Square

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$BTC The approval of 11 new Bitcoin exchange-traded funds has not—so far—turned into the watershed moment for Bitcoin (BTC) that many investors hoped it would be. The world’s oldest cryptocurrency is down more than 5% over the past 24 hours. #TradeNTell

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$BTC It’s really starting to look like the Bitcoin bottom has arrived and crypto winter is over. But as experienced investors know, even this current rally could still be another dead cat bounce—when prices temporarily rebound amid a longer-term negative trend, only to resume their downward fall after that. While it’s looking increasingly likely that Bitcoin may truly be on the rise again, the reality is that we are in unprecedented territory regarding a number of factors, including the geopolitical climate, economic indicators, crypto regulations and the Fed’s relationship to interest rates. #TradeNTell

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$BTC Getty Another day, another crypto bounce. That seems to be the mantra these days. The price of Bitcoin (BTC) soared in overnight trading, poking above $43,000 once again, and remaining in striking distance of that all-important psychological barrier well into the morning. Bitcoin has been on a steady upward trajectory since October, when it broke through the $35,000 mark for the first time since 2022. This brings Bitcoin’s total gains for 2023 to more than 158%, with a gain topping as much as 5% just over the last 24 hours. #TradeNTell

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$BTC Bitcoin’s price decline has affected almost the entire cryptosphere. Other leading altcoins are down as well. BNB Coin (BNB) is down 5%. Solana (SOL) is down 8%. XRP (XRP) is down 5%, and Cardano (ADA) is down 7%.#TradeNTell

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$BTC Bitcoin is essentially a digital currency that works on a decentralized peer-to-peer network. The network isn’t controlled by any central authority or banking institution and Bitcoin transactions are completely transparent.#TradeNTell

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