Bitcoin on Tuesday, January 23, was trading at $39 thousand. Last week, the first cryptocurrency entered a bearish trend and finally failed the psychological mark.
► Subscribe to the Telegram channel “Ministry of Finance”: main financial news
As CoinMarketCap data show, breaking down the 40 thousand mark has occurred yet on the evening of January 22 and after that the trend did not change.
Bitcoin price dynamics over the last week/Source: CoinMarketCap
Traditionally, Bitcoin is followed by other cryptocurrencies. This is the situation observed in the market.
Source: Cryptorank
As analysts note, the negative sentiment of traders could have been influenced by the information that appeared on the evening of January 22 — investors sold GBTC shares worth over $2 billion, with 22 million shares worth about $1 billion sold by the FTX cryptocurrency exchange.
Recall that in early January, the SEC approved a dozen applications from companies for Bitcoin ETFs.
Recall that in early January, the SEC approved a dozen applications from companies for Bitcoin ETFs.
p>
