Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Coin Market This Week: Bitcoin and Ethereum Plunge Despite ETF Hype
ETHEREUM NEWS

Coin Market This Week: Bitcoin and Ethereum Plunge Despite ETF Hype

By Crypto FlexsJanuary 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coin Market This Week: Bitcoin and Ethereum Plunge Despite ETF Hype
Share
Facebook Twitter LinkedIn Pinterest Email
Illustration by Mitchell Preffer for Decrypt.

It’s been a little over a week since the launch of the spot Bitcoin exchange-traded fund (ETF), and the cryptocurrency market is struggling.

Over the past week, the value of Bitcoin (BTC) has fallen more than 10%, according to CoinGecko. The price of the largest digital coin by market capitalization is currently $41,002.

Last week it closed at $49,000.

The long-awaited Bitcoin ETF has been a huge success, with BlackRock’s iShares ETF raising more than $1 billion in assets under management.

So why are prices falling? This probably has to do with investors cashing in on the profits they made from the initial ETF hype.

Some analysts said ETF approval has already been “priced in.” This could mean that traders and investors are unlikely to continue buying once approval becomes official.

The rest of the cryptocurrency market also took a huge hit last week. Solana (SOL) has lost more than 7% of its value in the past week and is priced at $92.38.

Avalanche (AVAX) is down more than 14% and trading at $32.82. Both assets performed very well in December as they attracted interest from institutional investors.

Meanwhile, Ethereum (ETH), the second-largest digital coin, lost 8% in value last week. The current price is $2,466.

After the U.S. Securities and Exchange Commission approved 10 spot BTC ETFs, the cryptocurrency industry is now waiting for the spot ETH ETF to drop.

Wall Street’s top regulator on Thursday postponed the deadline for a decision on Fidelity’s proposed spot Ethereum ETF to March 5, sending prices of the asset lower.

The overall cryptocurrency market currently stands at $1.7 trillion and is down 2.8% in the last 24 hours.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee’s fusaka upgrade promises 60 million gas limit boosts.

September 28, 2025

Ether Leeum World Fair Announcement

September 24, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Promote Your Website Without Spending

September 28, 2025

Kraken secures $ 500 million in $ 15B in IPO rumors.

September 28, 2025

Ether Lee’s fusaka upgrade promises 60 million gas limit boosts.

September 28, 2025

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025

YouTube Star MR BEAST Scoops 3 Days Purchase SPREE ASTER in SPREE

September 27, 2025

Linea Price Spikes 14% as Swift selects Linea for the pilot

September 27, 2025

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Promote Your Website Without Spending

September 28, 2025

Kraken secures $ 500 million in $ 15B in IPO rumors.

September 28, 2025

Ether Lee’s fusaka upgrade promises 60 million gas limit boosts.

September 28, 2025
Most Popular

OKX Nets Traders launches ZEUS network, reaches $2 million in 1 hour

April 4, 2024

Shiba Inu burn rate surges 81% in one day, has strength returned?

September 30, 2024

Binance Futures Launches 1000WHYUSDT and 1000CHEEMSUSDT Contracts with 75x Leverage

November 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.