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CoinGape 2024-01-20 16:41:59

Here’s Why Bitcoin (BTC) Price Is Falling After Spot Bitcoin ETFs: CryptoQuant

Bitcoin price loses steam after the spot Bitcoin ETFs’ approval and listing on exchanges, falling over 15% from $48,969 to $40,297. In a paradigm shift, trading volumes dropped significantly on crypto exchanges. Moreover, there’s a narrative in the market over Grayscale Bitcoin Trust (GBTC) selling Bitcoin holdings, but CryptoQuant team asserts it’s not actually the The post Here’s Why Bitcoin (BTC) Price Is Falling After Spot Bitcoin ETFs: CryptoQuant appeared first on CoinGape .

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