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Home»ETHEREUM NEWS»Why did Bitcoin price (BTC) crash to $40,000? Here’s what cryptocurrency analysts are saying:
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Why did Bitcoin price (BTC) crash to $40,000? Here’s what cryptocurrency analysts are saying:

By Crypto FlexsJanuary 4, 20241 Min Read
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Why did Bitcoin price (BTC) crash to ,000?  Here’s what cryptocurrency analysts are saying:
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BTC fell from around $45,000 to $40,800 in a matter of hours early Wednesday, according to CoinDesk index data. This is around the same time that Singapore-based digital asset company Matrixport released a report authored by Markus Thielen predicting that the U.S. Securities and Exchange Commission would reject the whole thing. The application for a spot Bitcoin ​ETF overturned Tuesday’s forecasts that predicted approval was imminent and BTC would rise to $50,000.

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