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BTC’s Momentum Slows Following DTCC Delisting Announcement 4m ago by coinedition.com

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The price of BTC started cooling down after it only managed to climb 0.46% in the past 24 hours.

Traders most likely took note of the fact that the iShares Spot Bitcoin Trust has been removed from the DTCC’s list.

At press time, BTC was trading at $34,181.24 after it was able to set a 24 hour high price of $34,867.10.

Most cryptocurrencies have started cooling down after a hot few days in the market. Bitcoin (BTC) is no exception, as its price only managed a slight 0.46% climb in its price over the past 24 hours of trading.

BTC’s price pumped yesterday after the on-chain analytics platform, Lookonchain, revealed on X that the iShares spot Bitcoin trust was listed by The Depository Trust & Clearing Corporation (DTCC). However, just a few hours later, Lookonchain announced that the iShares spot Bitcoin trust has been removed from the DTCC’s list.

The #iShares Spot #Bitcoin Trust is not on the Depository Trust & Clearing Corporation (DTCC) list currently. $IBTChttps://t.co/jtfoEzwzP0 pic.twitter.com/uOX3AUFG54

— Lookonchain (@lookonchain) October 24, 2023

Traders likely took note of this development, which could explain why momentum has died down a …

The post BTC’s Momentum Slows Following DTCC Delisting Announcement appeared first on Coin Edition.