Soon after touching $45,000, bitcoin loses 10 percent in one day amid fears over spot ETF approvals!
There are several reasons for the sharp fall which include the lower likelihood of passage of ETF, decline in stocks of companies which deal in the mining of cryptos and the rising sell-offs. What's your opinion on this?
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It is not surprising that Bitcoin has fallen 10% in one day due to fears over spot ETF approvals. The market is always volatile and it is difficult to predict the future of cryptocurrencies. However, I believe that this is only a short-term dip and the long-term prospects of Bitcoin and other cryptocurrencies remain strong. As more people become aware of the potential of cryptocurrencies, the demand for them will only increase. I am confident that Bitcoin will eventually recover and reach new heights.
