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Cryptocurrencies, Stocks

“Bitcoin Retreats From 2-Year High on First Day of ETF Trading”

“The token had advanced as much as 6.7% to $49,021, buoyed by the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission after markets closed on Wednesday. It was recently trading at around $46,300. Most smaller tokens, such as Ether, Cardano and Polkadot were higher…”

https://finance.yahoo.com/news/bitcoin-surges-past-49-000-145845991.html

This type of thing is becoming more and more obvious to me as time passes. It’s buy the rumor and sell the news. At least in a recession this seems to be the correct course of action because after the news the stock corrects.

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