Bitcoin shows a sharp decline as it celebrates the 15th anniversary of Genesis
Key Takeaways
- On the 15th Genesis Day, the value of Bitcoin plummeted by about $3,000 in just two hours.
- Matrixport revised its forecast, saying it expects the SEC’s approval of a Bitcoin spot ETF to be delayed.
- Cryptocurrency markets continue to react to expert opinions and expected regulatory changes.
Bitcoin has experienced a severe decline as it celebrates its 15th anniversary.It is known as Genesis Day.
Cryptocurrency has seen it Its value decreases sharply by about $3,000. In just two hours. According to BitDegree data, Bitcoin is It fell below the $42,000 level. The daily high is $45,425.
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The current trading value of Bitcoin is $42,601. Down nearly 7% in the last 24 hours.
There was a sharp decline in the price of Bitcoin. Amid significant changes in the market outlook. Matrixport, a digital financial services platform, was previously regulated by the U.S. Securities and Exchange Commission. First spot Bitcoin exchange-traded fund (ETF) approved Until January 2024We are expecting a surge in Bitcoin value.
but, This outlook was quickly revised. January 2nd, Matrixport defied predictions.Currently, the SEC expects to reject any proposal for a Bitcoin spot ETF in January.
The company has also indicated its approval for such ETFs. It may not come out until at least the second quarter of this year..
The sudden turn in Matrixport’s predictions, shared via
What’s worth noting is Other cryptocurrencies have followed Bitcoin’s lead.. Ethereum (ETH) fell to the $2,200 level., recorded a decline of almost 8% in the last 24 hours. Other cryptocurrencies including Solana (SOL), Ripple (XRP), Cardano (ADA), and Avalanche (AVAX) also fell from 6% to nearly 14% in the last day.
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