Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees. Bitcoin (BTC) is down almost 7% in the last week, as the market impact of the recently approved BTC ETF works its way through the system. While many contrarian bets about the price of bitcoin after the ETF approval have been proven right, Fidelity's Jurrien Timmer doesn't expect the sell-off to continue much longer. In a thread on X, Timer, Fidelity's Director of Global Macro, said current trends in bitcoin's price are suggestive of a short-term positioning adjustment rather than a long-term trend reversal.
LIVE
Mkt Cap $2.30T
BTC Dom 56.67 %
BTC
$64,896.00
▲ +0.00%
ETH
$1,915.74
▲ +0.10%
USDT
$0.999361
▲ +0.00%
BNB
$600.50
▲ +1.30%
USDC
$0.999626
▲ +0.00%
XRP
$1.04
▲ +1.60%
SOL
$75.89
▲ +3.10%
TRX
$0.328724
▲ +0.50%
FIGR_HELOC
$1.00
▼ -2.70%
HYPE
$55.05
▲ +1.80%
DOGE
$0.070326
▲ +1.10%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012658
▼ -0.50%
LEO
$9.71
▼ -0.60%
ZEC
$507.56
▼ -0.40%
ADA
$0.199365
▼ -1.10%
XMR
$376.20
▲ +0.50%
WBT
$56.15
▲ +0.10%
LINK
$8.30
▲ +1.60%
XLM
$0.164278
▲ +2.00%
DAI
$0.99988
▲ +0.00%
BCH
$215.91
▲ +0.00%
USD1
$0.999473
▲ +0.00%
USDE
$0.999605
▲ +0.00%
GRAM
$1.36
▲ +0.70%
Mkt Cap $2.30T
BTC Dom 56.67 %
BTC
$64,896.00
▲ +0.00%
ETH
$1,915.74
▲ +0.10%
USDT
$0.999361
▲ +0.00%
BNB
$600.50
▲ +1.30%
USDC
$0.999626
▲ +0.00%
XRP
$1.04
▲ +1.60%
SOL
$75.89
▲ +3.10%
TRX
$0.328724
▲ +0.50%
FIGR_HELOC
$1.00
▼ -2.70%
HYPE
$55.05
▲ +1.80%
DOGE
$0.070326
▲ +1.10%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012658
▼ -0.50%
LEO
$9.71
▼ -0.60%
ZEC
$507.56
▼ -0.40%
ADA
$0.199365
▼ -1.10%
XMR
$376.20
▲ +0.50%
WBT
$56.15
▲ +0.10%
LINK
$8.30
▲ +1.60%
XLM
$0.164278
▲ +2.00%
DAI
$0.99988
▲ +0.00%
BCH
$215.91
▲ +0.00%
USD1
$0.999473
▲ +0.00%
USDE
$0.999605
▲ +0.00%
GRAM
$1.36
▲ +0.70%
BTC
$64,896.00
▲ +0.00%
ETH
$1,915.74
▲ +0.10%
USDT
$0.999361
▲ +0.00%
BNB
$600.50
▲ +1.30%
USDC
$0.999626
▲ +0.00%
XRP
$1.04
▲ +1.60%
SOL
$75.89
▲ +3.10%
TRX
$0.328724
▲ +0.50%
FIGR_HELOC
$1.00
▼ -2.70%
HYPE
$55.05
▲ +1.80%
DOGE
$0.070326
▲ +1.10%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012658
▼ -0.50%
LEO
$9.71
▼ -0.60%
ZEC
$507.56
▼ -0.40%
ADA
$0.199365
▼ -1.10%
XMR
$376.20
▲ +0.50%
WBT
$56.15
▲ +0.10%
LINK
$8.30
▲ +1.60%
XLM
$0.164278
▲ +2.00%
DAI
$0.99988
▲ +0.00%
BCH
$215.91
▲ +0.00%
USD1
$0.999473
▲ +0.00%
USDE
$0.999605
▲ +0.00%
GRAM
$1.36
▲ +0.70%
Mkt Cap $2.30T
BTC Dom 56.67 %
BTC
$64,896.00
▲ +0.00%
ETH
$1,915.74
▲ +0.10%
USDT
$0.999361
▲ +0.00%
BNB
$600.50
▲ +1.30%
USDC
$0.999626
▲ +0.00%
XRP
$1.04
▲ +1.60%
SOL
$75.89
▲ +3.10%
TRX
$0.328724
▲ +0.50%
FIGR_HELOC
$1.00
▼ -2.70%
HYPE
$55.05
▲ +1.80%
DOGE
$0.070326
▲ +1.10%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012658
▼ -0.50%
LEO
$9.71
▼ -0.60%
ZEC
$507.56
▼ -0.40%
ADA
$0.199365
▼ -1.10%
XMR
$376.20
▲ +0.50%
WBT
$56.15
▲ +0.10%
LINK
$8.30
▲ +1.60%
XLM
$0.164278
▲ +2.00%
DAI
$0.99988
▲ +0.00%
BCH
$215.91
▲ +0.00%
USD1
$0.999473
▲ +0.00%
USDE
$0.999605
▲ +0.00%
GRAM
$1.36
▲ +0.70%
