"Bitcoin Volatility Peaks as ETF Rejections and Flash Crashes Spur Investor Caution"
TL;DR
Bitcoin's price experienced a downturn following a report from Matrixport suggesting potential SEC rejection of spot BTC ETF applications, which was later refuted by Bloomberg's ETF analyst Eric Balchunas. Despite the price drop, technical analysis indicates a bullish divergence, hinting at a possible rally with Bitcoin potentially reclaiming the $45,000 mark. The crypto market remains optimistic about the approval of a spot BTC ETF, especially after a court victory that requires the SEC to review a previously rejected proposal.
Topics:businessfinance-and-cryptocurrency##bitcoin#cryptomarket#etf#finance-and-cryptocurrency#investment#sec
- Bitcoin divergence suggests rally is impending; spot BTC ETF rejection report refuted FXStreet
- SEC will reject all bitcoin spot ETFs in January, says Matrixport analyst The Block - Crypto News
- Bitcoin Flash Crashes to $40,750, Causes Over Half a Billion in Long Liquidations Yahoo Finance
- Bitcoin Slumps as $400M Liquidated in Two Hours CoinDesk
- Bitcoin Price Drops. Crypto Investors Should Hedge Their Bets. Barron's
Want the full story? Read the original reporting
Read on FXStreet