Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6% By Cointelegraph

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(BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC price action hurtling downward, briefly reaching $29,500.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)