The crypto market experienced a sharp downturn on January 3rd, with most major cryptocurrencies painted red. Bitcoin, the leading digital currency, suffered a significant blow, dropping 6-7% to retreat to the $43,000 level. This decline is widely believed to be a reaction to the potential denial of the SPOT Bitcoin ETF by the US SEC, a concern recently underscored by Matrixport, a digital financial services platform.
Arbitrum Price Prediction As Reversal Pattern Hints a Rally to $3
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03 January 2024 15:46, UTC
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