Bitcoin has been taking a beating since the Securities and Exchange Commission approved a slate of ETFs When will the carnage end?
The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead.
Bitcoin (BTC) surged to $49,000 in the hours following the announcement before sinking to just more than $43,000 as of Jan. 12 — impulsive moves that perhaps few observers found surprising. Yet, with Bitcoin’s halving set to occur in April, there is little agreement about what might happen next.
For some analysis, we asked some Cointelegraph staffers and authors for their thoughts. (Keep in mind that the last time we asked for predictions, some were off by up to five figures — so don’t consider this investment advice unless you’re looking for tips to lose money.)
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Source: https://cointelegraph.com/news/bitcoin-keep-dropping-because-etfs