From Investing.com: 2024-05-14 14:30:29

Earlier today, Bitcoin’s price surged, but now it has made a bearish U-turn, down 1.56% to $61,760.25. Similarly, Toncoin and Shiba Inu are facing a bearish slump, with TON down 6.85% to $6.846, and SHIB slipping by 2% to $0.00002362. Their sensitivity to market trends is evident despite the rise of other altcoins like BNB, ADA, and AVAX.

Bitcoin’s dominant position may trigger a recovery despite the current price slip, experts anticipate ambitious uptrends driven by the Bitcoin halving event and spot Bitcoin ETF demand. Big financial firms like UBS and BNP Paribas have exposure to spot Bitcoin ETFs, further pushing the bullish sentiment and potential price recovery for Bitcoin, TON, and SHIB.

Read more at Investing.com: BTC, TON, SHIB Make Dramatic Price U-Turn, What Happened? By U.Today