After the Valkyrie Bitcoin Strategy ETF was opened for trading, the value of Bitcoin (BTC) fell to $ 60,618 on the Bitstamp exchange during the day.
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The leading crypto hit the new ATH level of $67,016 following the launch of ProShares’ Bitcoin ETF on October 20.
However, the bulls failed to sustain this momentum and the asset fell more than 9% at its peak.
An interesting thing happened yesterday. Bitcoin slumped 87% on Binance US due to a problem in its trading algorithm. Other stock markets were not affected by this great volatility.
Bitcoin is trading at $60,436 at the time of writing, according to Coinmarketcap data.