A limited edition Bitcoin-themed yo-yo will be launched in the United States, designed to humorously show the volatile nature of Bitcoin. The yo-yo, called Butterfly XT Yo-Yo, is produced by ProSnacktive Sales LLC, a subsidiary of Collect & HODL Co, in collaboration with American toy company Duncan Toys. The yo-yo is priced at $18.99 and is only available on the Walmart marketplace.
“We’ve partnered with another iconic company, Duncan Toys, with over 90 years of history, to bring this product to all Bitcoin (and yo-yo) enthusiasts,” said Chris Corradini, owner of Collect & HODL Co, in a press release to Bitcoin Magazine. “We remain extremely bullish on the market and demand for Bitcoin. That’s why we’re focused on fusing Bitcoin with meaningful brands that all Bitcoin investors will appreciate.”
The yo-yo symbolizes the frequent ups and downs of the cryptocurrency market, similar to the fluctuations of the leading cryptocurrency. This is not the first Bitcoin-themed product launched by the company. In March 2023, the company announced the launch of the world's first Bitcoin-themed PEZ candy launcher. The company launched 3,000 of the famous candy launcher.
A few months later in November, the company also helped launch the first Crocs shoe with a similar theme.
The price of this leading cryptocurrency fell to a low of $40,0750 in yesterday’s trading due to the overall market sell-off. This strong correction was triggered by a report from Matrixport, which stated that the United States Securities and Exchange Commission (SEC) will go against market expectations and reject all exchange-traded fund (ETF) applications this month. The report also stated that this will cause the price of Bitcoin to fall by 20%. This led to the market leader testing the key support level of $40,340 yesterday. However, traders quickly grabbed the discounted Bitcoin, resulting in a closing price of $42,845.23 according to TradingView data.
Traders continued to push Bitcoin higher, with the cryptocurrency trading at $43,113.61 as of 6:30 a.m. ET.
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