Bitcoin price continues to rebound even as the spot BTC ETFs fail to meet investors’ expectations.
Bitcoin (BTC) pushed above $43,000 on Jan. 15 as the market attempted to rebound from the post-spot BTC exchange-traded fund (ETF) approval sell-off that occurred on Jan. 10. At the time of writing, the BTC price was hovering around $43,100, up 0.89% on the day.
This recovery comes after attempts to push BTC above $50,000 last week were stopped at $49,000, suggesting buyers’ inability to sustain higher levels.
Data from Cointelegraph Markets Pro and TradingView tracked a trip above $43,000 before BTC price volatility returned, sending the market down 1.05% in two hours.
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Source: https://cointelegraph.com/news/bitcoin-price-shows-strength-at-43k-despite-coinbase-gbtc-selling