- The price of BTC started cooling down after it only managed to climb 0.46% in the past 24 hours.
- Traders most likely took note of the fact that the iShares Spot Bitcoin Trust has been removed from the DTCC’s list.
- At press time, BTC was trading at $34,181.24 after it was able to set a 24 hour high price of $34,867.10.
Most cryptocurrencies have started cooling down after a hot few days in the market. Bitcoin (BTC) is no exception, as its price only managed a slight 0.46% climb in its price over the past 24 hours of trading.
BTC’s price pumped yesterday after the on-chain analytics platform, Lookonchain, revealed on X that the iShares spot Bitcoin trust was listed by The Depository Trust & Clearing Corporation (DTCC). However, just a few hours later, Lookonchain announced that the iShares spot Bitcoin trust has been removed from the DTCC’s list.
The #iShares Spot #Bitcoin Trust is not on the Depository Trust & Clearing Corporation (DTCC) list currently. $IBTChttps://t.co/jtfoEzwzP0 pic.twitter.com/uOX3AUFG54— Lookonchain (@lookonchain) October 24, 2023
Traders likely took note of this development, which could explain why momentum has died down a …
The post BTC’s Momentum Slows Following DTCC Delisting Announcement appeared first on Coin Edition.