Bitcoin Plunges to Low

(Up to date – January 3, 2024 7:37 AM EST)

(Up to date – January 3, 2024 7:27 AM EST)

Bitcoin Plunges to Low, Down 8.7% at $41,300

Replace:

• The explanation for the sharp decline wasn’t clear. It may very well be tied to hedging in case of a damaging SEC resolution relating to approval of a spot Bitcoin ETF.
• The SEC is anticipating to approve a batch of spot ETFs by Jan. 10.
• There may be some concern that even when the ETFs are accredited, the choice by the SEC may nonetheless be a “promote the information” occasion.
• Earlier Microstrategy, Inc. (NASDAQ:) co-founder and govt Chairman, Michael Saylor, disclosed the sale of 315,000 frequent shares value roughly $216 million.
• Bitcoin hit a low of $40,968 however has since recovered to $42,000