A number of spot bitcoin ETFs began trading on Jan. 11, with bitcoin surging to $49,000 in the minutes after their launch. The rise was fleeting though, and the price has been heading south since, finally falling through $40,000 moments ago. Bitcoin is now at its weakest price since the beginning of December, but still more than a double from year-ago levels.
Source: https://www.coindesk.com/markets/2024/01/22/bitcoin-slides-below-40k-now-down-nearly-20-from-post-etf-euphoria/?utm_medium=referral&utm_source=rss&utm_campaign=headlines