📣 BlackRock’s #Bitcoin #ETF Plunges 5.3% in Shocking Market Cooldown!
#BlackRock ’s highly anticipated Bitcoin exchange-traded fund (ETF), tickered IBIT on #Nasdaq, took a dramatic tumble on Tuesday. The fund’s price plummeted 5.3%, closing at $54.73 — its steepest single-day decline since early August.
The sharp drop comes as the overheated #cryptomarket begins to cool, leaving investors stunned and raising questions about the stability of the digital asset space.
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