Posted 1/12/2024, 2:36:21 AM
Crypto Prices See Volatility as New Bitcoin ETFs Launch, Over $230M Liquidated
- Bitcoin, Ethereum, and Dogecoin see mixed trading as new Bitcoin ETFs begin trading
- Over $230 million worth of crypto positions liquidated in last 24 hours amidst volatility
- Bitcoin briefly reached $49k, its highest level since Dec. 2021, before falling back below $46k
- Analysts say rally was likely driven by “buy rumor, sell news” around ETF launch; consolidation ahead
- Approval of Bitcoin ETFs expected to impact some on-chain metrics as traders migrate to ETF exposure