Contrary to the expected bull effect, the launch of spot Bitcoin ETFs led to a surprising drop in the price of Bitcoin. Since the SEC's approval on Jan. 10, the leading cryptocurrency has experienced a decline of about 15 percent. This event, which is expected to attract millions of new investors and bring in a significant influx of capital, has begun to cool Bitcoin's previously hot course.#ContentStar #NewYear2024 #HotTopicDiscussion #Gate Post Higlights #HotTopicDiscussion #GateioTurns10
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Contrary to the expected bull effect, the launch of spot Bitcoin ETFs led to a surprising drop in the price of Bitcoin. Since the SEC's approval on Jan. 10, the leading cryptocurrency has experienced a decline of about 15 percent. This event, which is expected to attract millions of new investors and bring in a significant influx of capital, has begun to cool Bitcoin's previously hot course.#ContentStar #NewYear2024 #HotTopicDiscussion #Gate Post Higlights #HotTopicDiscussion #GateioTurns10