Why Is Everyone Suddenly Bearish About Bitcoin?

Photo by AronPW on Unsplash

The cryptocurrency market is experiencing a surprising downturn, raising concerns among investors and enthusiasts. This unexpected twist follows the launch of spot bitcoin ETFs, an event widely hailed as the most bullish development in recent crypto history. However, despite the initial enthusiasm surrounding these products, Bitcoin has witnessed a sharp decline, plunging approximately 15% since the U.S…