Bitcoin Price Plunges Amid S-1 Updates for Spot ETFs
Bitcoin price is facing turbulence as asset managers file last-minute S-1 updates for their spot Bitcoin exchange-traded funds (ETF) with the Securities and Exchange Commission (SEC). This development has led to increased volatility in the market as investors eagerly await the approval of the spot Bitcoin ETFs. The price of Bitcoin experienced a sudden drop of 3% on the Binance exchange, falling from $47,000 to $45,600 in just five minutes. However, it quickly recovered most of the loss and is currently trading at around $46,717.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
