(Up to date – January 3, 2024 7:37 AM EST)
(Up to date – January 3, 2024 7:27 AM EST)
Bitcoin Plunges to Low, Down 8.7% at $41,300
Replace:
- The rationale for the sharp decline wasn’t clear. It may very well be tied to hedging in case of a destructive SEC resolution concerning approval of a spot Bitcoin ETF.
- The SEC is anticipating to approve a batch of spot ETFs by Jan. 10.
- There may be some concern that even when the ETFs are accredited, the choice by the SEC may nonetheless be a “promote the information” occasion.
- Earlier Microstrategy, Inc. (NASDAQ:) co-founder and govt Chairman, Michael Saylor, disclosed the sale of 315,000 widespread shares price roughly $216 million.
- Bitcoin hit a low of $40,968 however has since recovered to $42,000
