The post Why is Bitcoin Price Dropping Despite ETF Approval? appeared first on Coinpedia Fintech News
After introducing Bitcoin ETFs, the crypto market fell from $1.82 trillion to $1.66 trillion. Ethereum and other coins rose as Bitcoin’s dominance fell below 50%. Bitcoin hovered around $42,500, with traders eyeing purchases below $40,000. Experts believe the immediate impact of the Bitcoin ETF approval is mostly over, expecting a more stable market. Despite the …