Crypto News

Bitcoin holders sell after ETF listing After months of anticipation, the first spot Bitcoin ETFs were finally listed on the New York Stock Exchange (NYSE) in January. This opened up the opportunity for traditional investors to get exposure to Bitcoin without having to directly hold the asset. As a result, many long-term Bitcoin holders who had been accumulating during the bear market saw this as an opportune time to sell and take profits. This led to a temporary dip in the price of Bitcoin as supply increased on the market. However, this selling pressure was short-lived as Bitcoin quickly rebounded and continued its upward trend. This demonstrates the strong demand for Bitcoin and the resilience of its price even in the face of increased supply. Ethereum holders continue to accumulate On the other hand, long-term Ethereum holders are still holding onto their coins and even accumulating more. This is likely due to the growing use cases and adoption of the Ethereum network, as ...