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Bitcoin is down 20% in wake of a new breed of ETFs. Why prices could still set records this year.

Por: MarketWatch Business January 25, 2024

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“For stocks, a 20% pullback typically indicates that a bull market is over,” said Peter Eberle, chief investment officer at crypto investment firm Castle Funds. “But in bitcoin, it’s not unusual to have a 30% pullback in a bull market,” he said in a phone interview. The pullback was in part driven by profit taking, Eberle said. Bitcoin went up over 150% in 2023, with a 13% gain in December, as optimism around the ETFs approval built... + full article



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