Seeking Alpha
2021-05-17 19:33:23

Bitcoin hits 3-month trading low today and falls below $45,000

Heading into the close on Monday afternoon and investors see a selloff into the leading crypto-based asset, bitcoin (BTC-USD). Bitcoin is now down on the day -3.58%. Bitcoin has broken through the $45,000 mark and is now potentially heading towards the $40,000 level. Bitcoin has been tumbling of late as it has not seen trading levels this low since February 8th of this year, over three months ago, as it touched $42,399 today. Additionally, bitcoin is now down -32.43% from its all-time high but is still +51.57% YTD.With bitcoin selling off, two exchange traded funds that have negatively been affected by the moves are VanEck Vectors Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ).DAPP and BITQ are two ETFs that provide indirect exposure to the cryptocurrency segment of the market and are down on the day -4.14% and -4.71%, respectively. The two ETFs are among the worst-performing exchange traded funds on the entire day.Elon Musk and

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