Bitcoin slides as ETF fanfare cools

[Hanno Labuschagne]

Bitcoin slides as ETF fanfare cools

Bitcoin posted its worst streak in about a month amid ebbing fanfare over new US exchange-traded funds for the largest digital asset.

The token fell as much as 1.9% before paring some of the slide to trade at $42,239 as of 9 a.m. Monday in Singapore. It has dropped for four straight days, the worst such run since mid-December.

[Bloomberg]

 

[CryptosEra]

What is your source mr bloomburg?!

 

[CryptosEra]

etf approval was always a sell signal

Bitcoin Thread

Rumours are etf might be approved tomorrow othewise 10th is the deadline. There will be massive volatility so be careful if you are a trader. With regards to shorting it is a strategy but I rather sett stop loss especially in the bull market shorting can be very dangerous

mybroadband.co.za

//
but I love how bloomburg mixes their hot takes into the news headlines.
i mean what are the implications of an ETF?
instant 10 billion buy orders? no.
this is fedelity's website:

Crypto Trading with Fidelity | Discover Bitcoin, Cryptocurrency, ETFs and more

Trade crypto with a trusted leader. Learn about crypto opportunities at Fidelity, from trading to ETFs.

www.fidelity.com

you know who visits fedelity's website?
FINANCIAL ADVISERS!!!
at 80,000 USD per a hoard of consultants will tell their boomer clients:

we are barely passed all time high, you can start your 10 years DCA strategy here!

you think the internet era, wall street bubble was crazy?
this is super cycle baby!

 

[Swa]

Could have seen it a mile away. Funny how all these experts are now coming out of the woodwork that "predicted" it.