Posted 3/21/2024, 11:08:05 PM
Bitcoin Price Slides Over 10% as Demand Cools for New ETFs
- Bitcoin has dropped over 10% from its all-time high as demand for new Bitcoin ETFs slows
- JPMorgan strategists warn the retreat in Bitcoin's price could continue, with room to fall further
- Bitcoin ETFs just saw their largest 3-day outflow of funds since launching in January
- JPMorgan predicts Bitcoin's price will drift down towards $42,000 after April's "halving event"
- Enthusiasm among retail traders may be decreasing if Bitcoin fails to rally strongly from its recent all-time high
