“Bitcoin Retreats From 2-Year High on First Day of ETF Trading”
January 16, 2024
“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.