Why Bitcoin’s Price Is Unfazed After the ETF Launch
Despite the launch of Bitcoin Exchange-Traded Funds (ETFs) by industry giants like BlackRock and Fidelity, Bitcoin’s price hasn’t shown a significant response. Tepid Performance: Prior to the ETF launch, Bitcoin reached a peak of $49,040 on January 11. Currently, it’s hovering around $51,000, a modest increase of 4.3%. Market observers are puzzled, considering the massive…