Every market experiences exciting and surprising price movements, the occurrence of ups and downs like an elevator machine has become a normal thing that must be understood by investors, traders or even crypto fans.🔥
Since yesterday BTC has experienced a surprising downward spike. Based on data on Binance, which was previously dated January 22 2024, it touched a high price of around US$41,689.65. Now BTC is at a price of US$39,022.20 with a percentage of -4.62%.📈📉
There is still a question of price, looking further at the time leading up to and when the approval of the Bitcoin Spot ETF was discovered, it was discovered that on January 11 2024 the price of BTC touched US$48,969.48. This high price received positive sentiment because it was known that the long-awaited event, namely the Bitcoin Spot ETF, had been approved. However, since then, little by little BTC has experienced a decline in price – greedy to sell and make a profit.🎢📉
Investigating the news about crypto which is currently experiencing bearishness, according to CNBC Indonesia, there was an incident where Grayscale's assets lost around US$ 5 billion. Analysis circulated that said outflows from GBTC were expected after the SEC allowed Grayscale to convert the fund into an ETF.📰
And it is true that the market has no certainty, what happens is that the market experiences increases and decreases whatever the situation. And if you pay attention, there are the latest situations related to the global economy – including crypto.🔥
Disclaimer: This article is not financial advice, the author is not a financial advisor. All investment and trading activities are your own decisions and your own responsibility. Please do your own research.
