Bitcoin losses accelerate following ETF launch, while ether heads for an 18% gain on week
Publishing timestamp: 2024-01-12 12:07:38
Summary
Bitcoin slid in price after the launch of 11 bitcoin ETFs in the U.S. Ether rose as investors rotated out of bitcoin. The SEC is expected to give decisions on spot ETH ETF applications in May. Bitcoin ETFs are seen as positive for the market, but it may take time for their impact to be fully realized. Other cryptocurrencies, such as litecoin, also saw gains. Crypto equities, including Coinbase and Microstrategy, fell.
Sentiment: MIXED
Tickers: BLK, IVZ, COIN, ETHE, CLSK, MARA, MSTR, ETH.CM=, BTC.CM=, RIOT, LTC.CM=, IREN,
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