The cryptocurrency market has experienced notable declines, revealing a -7.5% drop in total market caps over the past week, according to data from Santiment. The recent approval of the first 11 Spot Bitcoin ETFs by the SEC on January 10 has led to a ‘buy the rumor, sell the news’ scenario, though it’s early to draw definitive conclusions. If traders succumb to panic, triggering significant sell-offs and fostering a bearish sentiment, it could set the stage for a potential market bounce. 📉 #Crypto continues seeing concerning declines with the totality of market caps we track now down -7.5% in the
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