📉 ETF Hype Over? Bitcoin (BTC) Price Dips to 2024 Lows of $41.5K (Weekend Watch)
12:23 PM・Jan 13, 2024
🔍 CryptoPotato 🔍
After the rollercoaster ride following the approval of the first US spot Bitcoin ETFs, the past 24 hours witnessed a massive dump, pushing BTC below $41,600. Altcoins, including SOL, ADA, AVAX, and more, suffered significant losses of 5-6% during the same period.
BTC's Volatility Recap:
📆 Eventful week with SEC approving first spot BTC ETFs.
🔄 Enhanced volatility due to hack, controversial statements, and fake news.
📈 BTC soared to $49,000 post-ETF launch, then dropped to $41,600.
💼 Market cap down to $843 billion, dominance at 50% on CMC.
Altcoins in the Red:
🔴 Ethereum down 2.6% at $2,550.
📉 Binance Coin, Ripple, Dogecoin, Toncoin down less than 5%.
🔻 @Solana Official ,ADA , @avax , MATIC, BCH, DOT, ATOM down 5-11%.
Market Overview:
💹 Total crypto market cap loses $80 billion in a day, now below $1.7 trillion on CMC.
As BTC attempts a recovery to $43,000, the crypto market faces uncertainty post-ETF approval. Stay tuned for more updates.
