Bitcoin, Ethereum, Dogecoin Trade Mixed As Early Spot ETF Flows Fail To Meet Market Expectations: Analyst Predicts Pre-Halving Rally Before King Crypto Skyrockets To $300K

Major cryptocurrencies on Wednesday traded mixed with the bullish momentum showing signs of waning. This shift in momentum can be attributed to the early exchange-traded funds (ETF) flows, which have failed to meet the high market expectations.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD-0.79%$42,655Ethereum ETH/USD-1.90%$2,527Dogecoin DOGE/USD+0.64%$0.081

What Happened: Bitcoin’s surge has come to a halt, as the cryptocurrency now trades 10% lower from its recent highs near $49,000. This pullback occurred following the launch of 11 spot ETFs and their subsequent trading in the U.S. last Thursday.

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