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Bitcoin Tumbles 10% Following Launch of Spot ETFs in the US

San Francisco, Jan 14: Bitcoin Sees Sharp Decline to $42,000 as US Bitcoin ETFs Debut. In a swift downturn, the price of Bitcoin plummeted nearly 10% to approximately $42,000 following the initiation of trading for spot Bitcoin exchange-traded funds (ETFs) in the United States. Last week, Bitcoin achieved a high of $46,000 and surged to a two-year peak of $49,000…