Crypto Blog
Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last.
But leave it to “Dr. Doom” to balk at Bitcoin’s sudden change of fortunes.Schiff recently remarked that a final SEC approval will end Bitcoin’s spot ETF rally. The EuroPac chief says once BTC is actually approved for a spot ETF product, the rally will lose steam. #Bitcoin is now trading at $35K as speculators bet on SEC approval of $GBTC converting into an ETF. Such a conversation will likely mark the top of the rally, if Bitcoin doesn’t sell off prior to approval. The selloff will be less severe if the ETF conversion is rejected again.”
It sounds like he’s conjecturing some Bitcoin bulls will hold their bags despite bad news of a rejection. They would be holding out on expectations of another rally preceding or following an SEC approval.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin beats S&P 500 in October as $40K BTC price predictions flow inBitcoin stays mid-range into the weekly and monthly candle closes, but some are betting on a $40,000 BTC price.
Leer más »
Bitcoin price prediction: BTC may have a date with $40,000 next weekBitcoin (BTC) price could hit $40,000 next week after a significant move north this week. The bullishness was not driven by anything in particular, al
Leer más »
Two Probable Scenarios for Bitcoin in the Coming Days: BTC Price AnalysisCrypto Blog
Leer más »
We Asked ChatGPT if Bitcoin (BTC) Price Will Reach $1 Million in 2024Crypto Blog
Leer más »
First Bitcoin ETF trades $1.5B as GBTC 'discount' echoes $69K BTC priceBitcoin ETF activity surged last week in step with a BTC price recovery.
Leer más »
Redefining Bitcoin Alternatives with Bitcoin Spark and Bitcoin SVCrypto Blog
Leer más »