Bitcoin's price dropped below $39,000, down 4.3% from yesterday and 9% from last week. Altcoins like Solana, Optimism, and Avalanche have also experienced losses ranging from 9% to 10%. The downturn comes following the approval of multiple U.S. spot Bitcoin ETFs, as GBTC customers redeem their funds and cash out.
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Bitcoin's Price Falls Below $39,000 Amid Post-ETF Selloff
Bitcoin's price dropped below $39,000, down 4.3% from yesterday and 9% from last week. Altcoins like Solana, Optimism, and Avalanche have also experienced losses ranging from 9% to 10%. The downturn comes following the approval of multiple U.S. spot Bitcoin ETFs, as GBTC customers redeem their funds and cash out.