Bitcoin ETF Investors Face First-Time Losses as Price Plunges

A recent market downturn has left US spot Bitcoin ETF investors underwater, marking the first instance of this occurrence since the introduction of these ETFs. The price drop below $90,000 triggered temporary losses for investors who purchased BTC at an average cost of $89,600. However, the market rebounded quickly, highlighting the inherent volatility of cryptocurrencies. Experts attribute this short-lived setback to broader risk-off sentiment and external factors influencing market dynamics.