Bitcoin’s ETF Hangover Saddles the Token With its Worst Streak in a Month
- Traders review Bitcoin’s outlook after hyped ETFs went live
- BI’s Balchunas says US spot ETFs garnered a net $819 million
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Bitcoin posted its worst streak in about a month as the fanfare over new US exchange-traded funds for the largest digital asset subsided.
The token swung between gains and losses to trade little changed at $42,655 as of 1:42 p.m. Monday in Singapore. It dropped for three straight days through Sunday, the longest such losing run since mid-December. Smaller crypto coins were mixed, with second-ranked Ether dipping and BNB advancing.