Bitcoin Plummets Below $68K and Ether Slumps as ETH ETF Verdict Nears

Thursday, 23 May 2024, 14:36

Bitcoin and Ether experienced significant drops in a sudden crypto sell-off, triggered by the anticipation of the ETH ETF decision. The sell-off was broad-based, with altcoins like DOGE, SHIB, AVAX, and LINK plummeting more than 4% in less than an hour. Investors are closely monitoring the situation as the market reacts to the looming ETF verdict, causing volatility in the cryptocurrency space.

https://store.livarava.com/8f21e12f-1912-11ef-a3d8-9d5fa15a64d8.jpg — Bitcoin Plummets Below $68K and Ether Slumps as ETH ETF Verdict Nears

Analysis:

Bitcoin and Ether witnessed a significant drop in value amidst a sudden sell-off.

Impact on Altcoins:

DOGE, SHIB, AVAX, and LINK experienced a steep decline.

Investors are closely watching the market as the impending ETF decision continues to influence cryptocurrency prices.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Analysis:

Impact on Altcoins:

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