Blockchain Analytics Firm on Why Bitcoin Price Has Gone Down Since Launch of Spot Bitcoin ETFs in the U.S.

Earlier today, IntoTheBlock (ITB), a prominent data analytics firm in the cryptocurrency sector, shared — on social media platform X — an in-depth analysis of Bitcoin’s market behavior following the launch on January 11 of eleven U.S. spot Bitcoin ETFs. Overview of Bitcoin’s Price Dynamics ITB noted that despite expectations to the contrary, Bitcoin’s price […]