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RE: LeoThread 2024-01-20 05:17

in LeoFinance • 10 months ago

🧵 1/3: Altcoins like Cardano and Arbitrum faced major price declines this week, with Cardano down 9% and Arbitrum and Ethereum Classic facing even bigger drops of 18% and 15% respectively. #crypto

10 months ago in LeoFinance by
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     10 months ago  

    🧵 2/3: The recent drop in altcoin prices can be attributed to the "buy the rumor, sell the news" dynamic. The excitement over spot crypto ETFs has subsided after their recent approval, causing a shift in the market.

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       10 months ago  

      🧵 3/3: Spot crypto ETFs offer a more convenient way to invest in cryptocurrencies, eliminating the need for individual digital wallets. The market moves quickly, and the initial excitement over spot crypto ETFs has faded.

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         10 months ago  

        So what ?

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