Because bitcoin is decentralized, there isn’t a single price of bitcoin. Instead, its dollar value is often calculated by averaging the current going price of bitcoin on a few trusted exchanges. However, even on established exchanges, it’s not unheard of for investors to drive crypto prices up or down deliberately or accidentally with large trades, opening arbitrage opportunities.
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- Source: https://www.coindesk.com/consensus-magazine/2024/01/08/bitcoin-etfs-the-bear-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines