BTC has fallen below $46,500

[bluegreen1352]

BTC has fallen below $46,500, currently trading at $46,491, with an intraday gain of 6.3%. The recent significant fluctuations in Bitcoin prices may be influenced by various factors. The possibility of ETF approval is one of these factors, as the market typically holds an optimistic outlook for institutional funds entering. Could someone analyze the reasons behind this?

 

[niche]

ETF approval is a major factor which is affecting the price of Bitcoin in the last few weeks. When there is positive news, the price of BTC increases, and if there are negative rumors the price again falls. Many people are investing in BTC hoping to make more money.

 

[Gena]

From my observations i think it's still going to drop a little lower like a bull going back to prepare it hooves and set to charge before the greens all come out. In the same vein we should expect bitcoin to drop down low a little to correct itself, get set and go. Lets all be prepared for the greens though.

 

[niche]

The price of BTC is falling further , it is difficult for holders with limited experience to predict whether the prices will increase or decrease, Also the website urls for some exchanges like Binance are banned in India at present making it difficult for holders to sell their crypto for the local currency.

 

[Nite]

The approval of ETF signals a growing acceptance and adoption of cryptocurrencies by institutional investors. This endorsement from regulatory bodies gives credibility to Bitcoin as an asset class , and encourages more traditional financial institutions to consider including it in their portfolios. As institutional demand increases, it can lead to increased buying pressure on Bitcoin, potentially driving up its price.

 

[ImamShaheb]

ETF approval is a major factor which is affecting the price of Bitcoin in the last few weeks. When there is positive news, the price of BTC increases, and if there are negative rumors the price again falls. Many people are investing in BTC hoping to make more money.

ETF news have front runned & we predicted more. Maybe wall Street giants haven't aped yet. Whatever, regardless BTC, top players like Bitget/Nnace are trying hard to educate & bring new users.

 

[ImamShaheb]

The approval of ETF signals a growing acceptance and adoption of cryptocurrencies by institutional investors. This endorsement from regulatory bodies gives credibility to Bitcoin as an asset class , and encourages more traditional financial institutions to consider including it in their portfolios. As institutional demand increases, it can lead to increased buying pressure on Bitcoin, potentially driving up its price.

ETF isn't everything tho! Even, expect us users, ETF isn't gonna be adopted this soon. But, the space isn't going anywhere, it's on safe hands ie. Bitget/Nance/BlackRock!

 

[Nite]

Yeah, the approval of ETFs isn't the only factor in the adoption and growth of cryptocurrencies. However, it's a significant step that shows increasing interest and recognition from institutional players, which can have a positive impact on the overall market. Additionally, even without ETF adoption, the space is in capable hands with companies like Bitget, Nance, and BlackRock leading the way. Overall, we can expect continued growth and development in the cryptocurrency market regardless of ETF adoption.

 

[Zeddicus]

BTC has fallen below $46,500, currently trading at $46,491, with an intraday gain of 6.3%. The recent significant fluctuations in Bitcoin prices may be influenced by various factors. The possibility of ETF approval is one of these factors, as the market typically holds an optimistic outlook for institutional funds entering. Could someone analyze the reasons behind this?

It might be due to the effect of world economy & law of supply and demand among others tho i still have hope that the next bull run will be an epic one. I' gonna leverage on the trade smarter Exchange's Copy trading products to my advantage while hodling tokens like MAVIA.

 

[Nite]

The news of Bitcoin hitting $50k first time since late 2021 has sent shockwaves through the financial world. This significant milestone marks a remarkable resurgence for the world's largest cryptocurrency, which had experienced a tumultuous journey over the past few months. Bitcoin's surge beyond $50K is seen as a testament to its growing acceptance and adoption by both institutional investors and retail traders. The cryptocurrency has been gaining traction as a store of value and an inflation hedge, particularly in uncertain economic times.

 

[wolanyo]

Still there's a hope to make it this year 2024
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