Bitcoin Plunges to Low By Investing.com
January 3, 2024
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© Reuters. Bitcoin Plunges to Low, Down 8.7% at $41,300
(Updated – January 3, 2024 7:37 AM EST)
(Updated – January 3, 2024 7:27 AM EST)
Bitcoin Plunges to Low, Down 8.7% at $41,300
Update:
- The reason for the sharp decline wasn’t clear. It could be tied to hedging in case of a negative SEC decision regarding approval of a spot Bitcoin ETF.
- The SEC is expecting to approve a batch of spot ETFs by Jan. 10.
- There is some concern that even if the ETFs are approved, the decision by the SEC could still be a “sell the news” event.
- Earlier Microstrategy, Inc. (NASDAQ:) co-founder and executive Chairman, Michael Saylor, disclosed the sale of 315,000 common shares worth approximately $216 million.
- Bitcoin hit a low of $40,968 but has since recovered to $42,000
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© Reuters. Bitcoin Plunges to Low, Down 8.7% at $41,300
(Updated – January 3, 2024 7:37 AM EST)
(Updated – January 3, 2024 7:27 AM EST)
Bitcoin Plunges to Low, Down 8.7% at $41,300
Update:
- The reason for the sharp decline wasn’t clear. It could be tied to hedging in case of a negative SEC decision regarding approval of a spot Bitcoin ETF.
- The SEC is expecting to approve a batch of spot ETFs by Jan. 10.
- There is some concern that even if the ETFs are approved, the decision by the SEC could still be a “sell the news” event.
- Earlier Microstrategy, Inc. (NASDAQ:) co-founder and executive Chairman, Michael Saylor, disclosed the sale of 315,000 common shares worth approximately $216 million.
- Bitcoin hit a low of $40,968 but has since recovered to $42,000
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