Dollars

Bitcoin

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-rebounds-to-44000-after-liquidating-half-a-billion-dollars/" data-wpel-link="internal">Bitcoin Rebounds to $44,000 After Liquidating Half a Billion Dollars</a><br></p>
<p>The king cryptocurrency fell to $40,750, liquidating half a billion dollars in positions, before bouncing back to $44,000. This was expected as the rationale for the drop lacked any solid basis. We mentioned yesterday that this was being turned into a “sell the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>” event.</p> 
<h2 id="why-is-bitcoin-rising">Why Is Bitcoin Rising?</h2> 
<p><strong>ETF</strong> approval rumors had caused the <strong><a href="https://en.coin-turk.com/where-shall-bitcoin-venture-next-analyst-identifies-pivotal-price-thresholds/" data-wpel-link="internal">BTC</a></strong> price to fall, but now we see it reclaiming the $44,000 mark. A report shared with clients by Matrixport was based on assumptions, and yesterday its founder clarified this. Subsequently, we witnessed events that indicated ETF approvals were nearing.</p> 
<ul> 
 <li>The SEC planned meetings with 3 exchanges for listing.</li> 
 <li>Grayscale, VanEck, Fidelity, and others updated their ETF filings.</li> 
</ul> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-298219 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/BTCUSDT_2024-01-04_18-41-15.png" alt="" width="1814" height="836"></p> 
<p>As a bonus, sources at Fox Business reported that official ETF approvals would be communicated to issuers on Friday. When we weigh all these developments, the scale tips in favor of the bulls, especially when we add Matrixport’s predictions to the equation.</p> 
<p>The last drop that trapped bears was speculative, and with more developments feeding optimism for ETF approval, it’s not surprising to see the continued rise in BTC prices.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-rebounds-to-44000-after-liquidating-half-a-billion-dollars/" data-wpel-link="internal">Bitcoin Rebounds to $44,000 After Liquidating Half a Billion Dollars</a></h5>

Bitcoin Rebounds to $44,000 After Liquidating Half a Billion Dollars

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