Dear Readers,
From the time of the much awaited BTC Spot ETF approval from the SEC, BTC price is trading lower and a matter of worry for all of us is that BTC is struggling to trade steadily above the 40000 USD.
At the time of writing this article BTC trades 40100 USD, a high of 0.5% from yesterday. The Global crypto market cap is 1.56 Trillion USD, a decrease of 0.14% from yesterday. The Fear & Greed Index stands at 49.
There were many news that the selling of BTC reserves from FTX and Grayscale Bitcoin Trust last week- which were the key factors of the BTC fall off.
In continuous to the news that add fuel to the fire is that the hot news of US Govt to sell $ 118 million worth BTC that were seized Silk Road Bitcoin case.
All these seem to be contributing the dumping season for BTC as a whole!
While many view this would impact the BTC price in a bigger way, some experts anticipate this as not a significant move.
Though we understand that would anyhow make an impact in the BTC prices, it is also important to highlight the safety and security of our crypto assets.
