#Bitcoin 2024 journal

January 3:

Day begins with rumors from Matrixport that SEC will reject #Bitcoin spot ETF even though no new insight is offered as justification for their take.  However, it appears to be enough to trigger ~$500M in long liquidations and Bitcoin promptly drops below 41k to give up yesterday’s gains. #Bitcoin spends the remainder of the session clawing back to settle at just under $43K.  Overall, markets were down for the day to make for a slow start to the year.
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