Bitcoin price collapses after ETF spot approval, but ICP, TIA, MNT, SEI and altcoins rebound

BTC price fell has unexpected the lowest After THE place ETFs approval, but bullish price action Since altcoins could be A early sign of A reversal.

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There was A plot of threshing built around THE place Bitcoin (BTC) exchange traded funds, but When regulatory approval did not result In A Upside down move, traders can to have decided has book profits, resulting In A sharp withdrawal has $41,500.

A few analysts to have turned bearish And are projecting targets of $25,000 And lower on Bitcoin. While Nothing East possible In THE the steps, levels close $38,000 are likely has attract long term investors WHO will keep A eye on THE Bitcoin reduce by half And THE institutional influx In THE place Bitcoin AND F In THE future weeks.

Cryptocurrency walk data every day see. Source: Coin360

Bloomberg ETFs analyst Eric Balchunas said In A X (Previously Twitter) job on Jan. 13 that THE newly spear AND F witnessed influx of $1.4 billion, while THE Shades of grey Bitcoin Trust (GBTC) saw A exit of $579 million. Always, THE net influx In two trade sessions through THE AND F were $819 millions.

Could THE influx In Bitcoin AND F reverse THE slide In Bitcoin And altcoins? Let's go look has THE graphics of THE high 5 cryptocurrencies that can surpass In THE close term.

Bitcoin price analysis

Bitcoin has has been all on THE place In THE pass little days. THE failure has sustain THE price above $48,000 can to have tent short term traders has book profits, which begin A sharp autumn on Jan. 12.