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Bitcoin’s Post-ETF Meltdown

It's been a brutal week for BTC, now flirting with the $40K barrier
Jack Inabinet Jack Inabinet Jan 19, 20241 min read
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market analysis Bitcoin’s Post-ETF Meltdown

Dip buyers be damned. The total crypto market cap (TOTAL) has sunk like a stone, erasing a quarter billion dollars in wealth amidst the 14% plunge that has followed the arrival of spot BTC ETFs. Can crypto markets rebound?

Traditional markets may be up on the day, with both the broad basket S&P 500 and the tech-heavy Nasdaq 100 indices both setting new cycle highs, but crypto prices continue to trade down.

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Jack Inabinet

Written by Jack Inabinet

280 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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