Franklin

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-turbulent-price-movement-amidst-etf-confusion/" data-wpel-link="internal">Bitcoin’s Turbulent Price Movement Amidst ETF Confusion</a><br></p>
<p style="text-align: justify">The price of the leading cryptocurrency <strong><a href="https://en.coin-turk.com/bitcoin-is-ready-for-a-breakout-soon-analyst-predicts/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong> has followed a volatile path in recent days, influenced by the false approval of multiple spot BTC ETFs in the United States.</p> 
<h2 id="btc-price-movement">BTC Price Movement</h2> 
<p style="text-align: justify">The US Securities and Exchange Commission (SEC) gave the green light to applications from BlackRock, Valkyrie, VanEck, Fidelity, Franklin Templeton, and other <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> giants on January 10. Shortly after, the link containing the announcement on the SEC website was removed, leading to confusion and <strong>Bitcoin’s</strong> price dropping to as low as $45,000.</p> 
<p style="text-align: justify">Moreover, Bitcoin experienced even greater volatility yesterday. The <strong>ETFs</strong> surged to $49,000, a price last seen at the beginning of 2022, with billions of dollars in cumulative volume. The impressive rally was short-lived, and Bitcoin fell by $3,000, retreating below $46,000.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-301655 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/analisty.jpg" alt="" width="970" height="485"></p> 
<h2 id="ripple-s-network-activity">Ripple’s Network Activity</h2> 
<p style="text-align: justify">The total value of liquidated positions exceeded $300 million on a 24-hour scale, causing serious losses to investors using excessive leverage. Ripple’s <strong>XRP</strong> recently reached a significant milestone, with the number of XRP wallets surpassing 5 million. This achievement followed a significant uptrend throughout 2023. At the beginning of last year, this number was around 4 million.</p> 
<p style="text-align: justify">The increase in XRP wallets suggests growing interest and participation in the <strong>Ripple</strong> network, which could bolster investor confidence. On-chain metrics have also been solid recently, with the number of XRP transactions staying above the 4 million range since the beginning of 2024. Meme tokens based on <strong>Solana</strong>, dogwifhat (WIF), and Myro (MYRO), made headlines after significant gains, with the former skyrocketing by 115% over the past seven days and an astonishing 4,800% on a monthly basis. It crossed the $0.30 mark following a Bybit listing a few hours ago but later retreated to the $0.23 level.</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/bitcoins-turbulent-price-movement-amidst-etf-confusion/" data-wpel-link="internal">Bitcoin’s Turbulent Price Movement Amidst ETF Confusion</a></h5>

Bitcoin’s Turbulent Price Movement Amidst ETF Confusion

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