EconomyBitcoin could put the average ETF buyer back in losses this week
Bitcoin briefly fell to $82,775.94 on Sept. 29 before recovering above $83,000. Bloomberg ETF analyst James Seyffart estimates the average Bitcoin ETF holder’s cost basis at $81,722, meaning a move below that level could return the average position to a loss. Wednesday’s US inflation, employment and GDP releases may drive volatility.
Bitcoin could put the average ETF buyer back in losses this week
Economy