Bitcoin price falls 15% following launch of ETFs


Source: Finanical Times

Bitcoin has lost 15 per cent of its value over the past two weeks, as some investors use the much-hyped launch of bitcoin exchange traded funds earlier this month to take profits and exit their holdings of the volatile cryptocurrency. The price of bitcoin sank as much as 3 per cent on Tuesday, dipping below $39,000 for the first time since early December, before recovering slightly in afternoon trading.

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