Bitcoin breaks below $40k as spot ETF hype wanes

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Go back to Bitcoin breaks below $40k as spot ETF hype wanes

Coinbase (COIN) falls 5% as Bitcoin prices slip, JPM downgrades to sell

January 23, 2024 5:53 AM EST

Coinbase Global (NASDAQ: COIN) shares fell 4.6% in early Tuesday trade after Bitcoin, the worlds largest digital asset, slipped more than 4%.

Bitcoin hit a seven-week low and again fell below $40,000 despite the initial excitement surrounding the approval of several spot exchange-traded funds (ETFs).

Bitcoin price witnessed a robust surge in the past year amid expectations that the Securities and Exchange... More