Top Firm Predicts No Surge For XRP Despite Anticipated October Spot ETF Approval
As the altcoin market experiences a resurgence, XRP has struggled to gain momentum, consolidating between $2.70 and $3 for the past two weeks. Despite the excitement surrounding potential exchange-traded funds (ETFs) that could invest in the altcoin if approved, The Motley Fool has cautioned that the current market correction may persist longer than many anticipate. Warns Of Prolonged Downtrend In a recent analysis, the firm attributed some of XRP’s lackluster performance to a general malaise in the cryptocurrency market, where traders are waiting for Bitcoin (BTC), the....
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Amid the buzz and anticipation, Standard Chartered, a British cross-border bank, has projected that Ethereum spot ETFs will likely be approved by the US Securities and Exchange Commission (SEC) this week. According to the bank, the approval of these spot ETFs could catalyze significant market inflows, with estimates ranging from $15 billion to $45 billion […]
The Bitcoin price has surged to a 2-month high of $29,450 today, reflecting a 3.3% increase within the last 24 hours. While several factors could have contributed to this rally, four principal drivers appear to dominate discussions. #1 Expectations Of A Spot Bitcoin ETF Approval There’s palpable excitement within the community as rumors intensify about the US Securities and Exchange Commission (SEC) potentially approving the first-ever spot Bitcoin ETFs. Currently, the SEC is actively engaging with prominent applicants including Grayscale, BlackRock, Fidelity, Invesco, and Ark....
The price of Bitcoin (BTC) moved above $30,000 in the last few hours, according to data from CoinMarketCap. However, as with multiple instances in the past week, the crypto market leader was unable to sustain its bullish momentum, dipping by 0.6% in the last hour. As the BTC market continues its battle against the $30,000 resistance zone, Bitcoin critic and gold advocate Peter Schiff has weighed in on the ongoing discourse surrounding the potential effects of the approval of a spot Bitcoin exchange-traded fund (ETF). Related Reading: Bitcoin ETF Approval Anticipated To Trigger Fiat Influx....
The anticipated approval of a spot Bitcoin Exchange Traded Fund (ETF) has dominated discussions among traders, analysts, and market observers over the past few days. With many speculating on the potential impact, the age-old strategy of “buy the rumor, sell the news” has been at the forefront of many conversations. Will the strategy push the […]
Bitcoin has recorded an overall positive price movement in the last week, gaining by 2.39%, according to data from CoinMarketCap. The premier cryptocurrency suffered a slight dip between Tuesday and Thursday but soon rose on Friday to trade above $27,000 again. Meanwhile, in celebrating the new month of October, popular crypto analyst Michaël van de Poppe has predicted an incoming bullish run for Bitcoin in Q4 2033 based on certain expected events. Related Reading: New Bitcoin Prediction: Analyst Backs BTC To Reach $34,500 In 2024 Analyst Projects Bitcoin To Reach $40K In Q4 2023....