The extravagantly hyped launch of some of the first spot Bitcoin ETFs in the US proved to be the nth iteration of the famous market-based adage: buy the rumor and sell the news. In fact, we had highlighted the utility of moving toward Ethereum in an auxiliary post at the time. Now, as Bitcoin seems poised to lose the $40,000 price level, some crypto bigwigs believe that the ongoing bout of weakness will last till the end of January 2024. In the immediate aftermath of the launch of spot Bitcoin ETFs in the US, the apex cryptocurrency had made a […]
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