Kealeboga Molefe’s Post

Bitcoin Price Feels the Chill as ETF Hype Cools ❄️ The price of Bitcoin has shed more than 10% from its recent peak, with some analysts predicting further declines. This pullback is partly due to a slowdown in investor interest for new spot Bitcoin ETFs. Launched in January, these ETFs allow easier access to Bitcoin for some investors. While initial investment was strong, the past week saw the biggest outflow (money being pulled out) from these funds since their debut. JPMorgan strategists see this as a bearish sign, potentially leading Bitcoin towards $42,000 after April's "halving event". The upcoming supply reduction might not be enough to overcome waning investor confidence. **What do you think? Is the Bitcoin party over, or is this a temporary dip? ** #Bitcoin #Cryptocurrency #ETFs #Investment

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