Bitcoin (BTC) experienced significant volatility following the launch of the first spot BTC exchange-traded funds (ETFs) in the United States. BTC surged above the $49,000 threshold, marking its highest level since December 2021, immediately after these ETFs began trading. However, the cryptocurrency rapidly declined almost 4% within the one-hour candle, plummeting to around $46,000, as […]
The post Bitcoin’s brief rally to $49k and subsequent decline to $46k liquidates $100M in 4 hours appeared first on CryptoSlate.
Originally appeared here:
Bitcoin’s brief rally to $49k and subsequent decline to $46k liquidates $100M in 4 hours