Bitcoin and Ether Prices Dip Following U.S. Ether ETF Listing Approval

Friday, 24 May 2024, 09:11

The recent approval of the U.S. Ether ETF has resulted in a cooling off of the rally in Bitcoin and Ether prices. Traders are observing a sell-off in Ether, indicating a classic speculator reaction of 'buy the rumours, sell the facts.' This post explores the impact of the ETF approval on the cryptocurrency market and the subsequent price movements.
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Bitcoin and Ether Prices Dip Following U.S. Ether ETF Listing Approval

Market Reaction to Ether ETF Approval

One trader mentioned that ether's sell-off on positive news is a typical speculator's "buy the rumours, sell the facts" reaction.

Key Points:

  • Price Movement: Bitcoin and Ether prices have dipped following the U.S. approval of Ether ETF.

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.


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