First Ever Bitcoin Duncan Yo-Yo Enters The US Market

Updated: 04 January 2024

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A limited edition Bitcoin-themed yo-yo, designed as a humorous take on the volatile nature of BTC, is being launched in the US.

Collect & HODL Co, a subsidiary of ProSnacktive Sales LLC, is behind the Butterfly XT Yo-Yo, which is produced in collaboration with US toy company Duncan Toys. It costs $18.99 and is sold exclusively on Walmart Marketplace.

“We’ve worked with another iconic, 90+ year old company, Duncan Toys, to bring this to all Bitcoin (and yo-yo) enthusiasts,” said Chris Coradini, owner of Collect & HODL Co, in a press release sent to Bitcoin Magazine. “We continue to feel overly bullish on the market and demand for Bitcoin. That’s why we’re laser focused on blending Bitcoin with meaningful brands that all Bitcoin investors will appreciate.”

A Humorous Take On Bitcoin’s Volatility

JUST IN: The first ever #Bitcoin Duncan Yo-Yo has officially launched 💥 pic.twitter.com/G0KLXPpGaN

— Bitcoin Magazine (@BitcoinMagazine) January 3, 2024

The yo-yo symbolizes the ups and downs frequently seen in the crypto market and that are akin to the leading crypto’s fluctuations.

It is not the first Bitcoin-themed product launched by the company. In March 2023, it also announced the world’s first Bitcoin-themed PEZ dispenser. 3,000 units of the famous candy dispenser were launched.

Just a few months later, in November, the company also helped with the launch of the first ever Crocs with a similar theme.

JUST IN: The first ever #Bitcoin Crocs shoe has officially launched 💥 pic.twitter.com/odZ3NV4Tfl

— Bitcoin Magazine (@BitcoinMagazine) November 20, 2023

Bitcoin Attempts A Recovery Following A Steep Drop

Daily chart for BTC/USDT (Source: TradingView)

True to its volatile nature, the leading cryptocurrency’s price plummeted to a low of $40,0750 during yesterday’s trading session following a marketwide selloff.

The strong correction was ignited by a report by Matrixport that said the U.S. Securities and Exchange Commission (SEC) will flout market expectations and reject all ETF (exchange-traded fund) applications this month.

It added that this would slash 20% off the Bitcoin price. This led to the market leader testing the key support level at $40,340 yesterday. Traders were quick to take advantage of the discounted BTC price, however, leading to a close of $42,845.23, according to TradingView data.

Traders continued to give BTC a boost, as the crypto was changing hands at $43,113.61 as of 6:30 AM EST.