Home Bitcoin News Market Wrap Yr-Finish Overview: Bitcoin ETF Rally Proved Quick-Lived, and $100K Goals Pale – CoinDesk

Market Wrap Yr-Finish Overview: Bitcoin ETF Rally Proved Quick-Lived, and $100K Goals Pale – CoinDesk

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However the September dip didn’t final lengthy. The market bought a recent jolt of enthusiasm when the primary U.S. bitcoin exchange-traded fund – a bitcoin futures ETF, that’s – launched within the fourth quarter. Bitcoin climbed from $40,000 towards $65,000 in October, spurring visions of $100,000 by the tip of the yr. It was to not be: The rally fizzled, bitcoin’s infamous volatility returned, and the six-figure worth prediction proved wildly optimistic.

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