Why did #Bitcoin’s price drop on its ‘genesis’ day?

Bitcoin tumbled Below 42k on January 3rd Losing at least $3,000 of value in Just 2 hours according to data from coin Gecko the sharp drop in btc's price K's Digital Financial Services platform Matrix Port retracted its recent Forecast that the United States Securities and Exchange Commission would Potentially approve the first spot Bitcoin ETF in January 2024 just a day After issuing a forecast on possible Approvals in 2024 Matrix Port made a U-turn on prediction updating its Forecast on January 2nd to claim that The SEC will reject all Bitcoin spot ETFs in January the community reacted Quickly to Matrix port's controversial Forecasts with many accusing The Firm of Manipulating bitcoin's price some major Spot Bitcoin ETF observers have also Reacted to the news we have heard Nothing to indicate anything but Approval but I want to give the guy the Benefit of the doubt so I'm asking if he Has any sources Bloomberg ETF analyst Eric balchunis wrote on x


Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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    • ethereumEthereum (ETH) $ 3,518.80 1.5%
    • tetherTether (USDT) $ 0.999092 0.05%
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    • the-open-networkToncoin (TON) $ 7.13 2.49%