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<div class="text-justify">The Bitcoin price action continues to decline, namely and according to the appreciation of most investors is that this decline is due to the approval of the Bitcoin ETF in the United States, now is this really the cause of the price plunge we are seeing in the cryptocurrency market. </div>
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<div class="text-justify">According to information uploaded on the Cointelegraph portal, "The Securities and Exchange Commission (SEC) approved a series of Bitcoin ETFs on January 10, which generated speculation about how the markets might react in the coming weeks." </div>
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<div class="text-justify">What is certain is that "Bitcoin soared to USD 49,000 in the hours following the announcement before falling to just over USD 43,000 by January 12, impulsive moves that perhaps few observers found surprising. However, with Bitcoin halving scheduled for April, there is little agreement on what might happen next." </div>
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<div class="text-justify">So, "To get some analysis, we asked some Cointelegraph contributors and authors for their opinions. (Note that the last time we asked for predictions, some were off by as much as five digits, so don't consider this as investment advice unless you're looking for money-losing tips.)" </div>
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<div class="text-justify">One of the items I agree with the most is when he refers that, "We might see some "sell the news" action, but only from some short-term traders. HODLers are not selling, and certainly not before the Bitcoin halving, which has been the catalyst for a big rally every time in the past. The number of long-term holders stands at about 76%, which is higher than at any time in its history." </div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Will Bitcoin keep dropping because of the ETFs?. <a href="https://cointelegraph.com/news/bitcoin-keep-dropping-because-etfs" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-keep-dropping-because-etfs" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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