Why Did the Bitcoin ETF Approval Not Immediately Impact Price?

God candle? Mass sell off? We were all wrong. So, what’s next?

Jason Deane
The Bitcoin Blog
Published in
9 min readJan 15, 2024

--

Image: Not the green candle we were expecting. By EKATERINA BOLOVTSOVA on Pexels.

Since I’d written so many articles on this subject previously, there is, of course, no point denying that I was predicting an immediate jump in Bitcoin on news of the spot ETF approval on January 10th 2024. It’s well documented.

--

--

Jason Deane
The Bitcoin Blog

I blog on things I am passionate about: Bitcoin, writing, money, life’s crazy turns and being a dad. Lover of learning, family and cheese. (jasondeane@msn.com)