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Bitcoin Price Tumbles More Than 20% Below $40,000 Following ETF Approval.

CoinGape LogoCoinGape1 mo ago

 Bitcoin Price Tumbles More Than 20% Below $40,000 Following ETF Approval. - CoinGape

Quick Summary:

Bitcoin has experienced a nearly 20% decline since the introduction of the first exchange-traded funds (ETFs) directly investing in the token on January 11.

On the day the ETFs, offered by entities like BlackRock Inc.and Fidelity Investments, were launched, the digital asset surged to $49,021.

However, earlier today, Bitcoin was trading at $39,718, marking a 19% decrease from the peak reached on that day.


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 Bitcoin Price Tumbles More Than 20% Below $40,000 Following ETF Approval. - CoinGape (Picture 1)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-01-23 @ 13:33:53 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 19842062

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 43 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story " Bitcoin Price Tumbles More Than 20% Below $40,000 Following ETF Approval." has 405 words across 31 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story " Bitcoin Price Tumbles More Than 20% Below $40,000 Following ETF Approval." was covered 1 months ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 43 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #19842062
  • URL: https://beamstart.com/news/btc-price-drops-over-20-17059880337901

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