The first trading day of 11 spot Bitcoin ETFs on the US stock markets was quite eventful, with numerous price movements that resulted in a multi-year peak and a massive dump.
The altcoins are also slightly in the red now on a daily scale, aside from BCH and FTT, which have soared by double digits.
BTC’s Rollercoaster Kept Going
The primary cryptocurrency received controversial recognition and validation from the US Securities and Exchange Commission on Wednesday when the regulator finally greenlighted almost a dozen exchange-traded funds tracking its performance. Nevertheless, Gary Gensler had some negative comments about the asset after the approvals, which didn’t go without a few accidents.
This resulted in increased volatility for BTC. The asset dumped and pumped by several thousand dollars on Wednesday, and the situation worsened on Thursday – the first trading day for those products.
While the trading volumes skyrocketed to over $4 billion within a day, Bitcoin’s price sho
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