Now Bitcoin Spot ETF is approved, so, where is the bull run?
Posted: January 14th, 2024, 8:26 pm
In anticipation of the SEC approval of the #BitcoinETF, many crypto lovers expected a subsequent bull run.
Some even predicted that the $BTC will hit 100k!
Well, I'm still waiting. Are you too?
Yes, truly, within few days to and around the approval, the market experienced some upsurge across cryptos.
But it remained quite disappointing. Maybe not many people understand how this will eventually play out. Now they are all back to downward trend. Sadly.
What next after SEC spot ETF approval? Will the price dynamics remain natural?
U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency.
The Securities and Exchange Commission on Wednesday declared effective key filings from the markets seeking to list the groundbreaking products. They will begin trading on Thursday.
Bitcoin's price topped $47,500 following the decision. Other cryptocurrencies rallied, too.
But as at today, BTC is at $42 700.
What's going on? Lets talk.
Some even predicted that the $BTC will hit 100k!
Yes, truly, within few days to and around the approval, the market experienced some upsurge across cryptos.
But it remained quite disappointing. Maybe not many people understand how this will eventually play out. Now they are all back to downward trend. Sadly.
What next after SEC spot ETF approval? Will the price dynamics remain natural?
U.S. regulators approved bitcoin ETFs, dramatically broadening access to the 15-year-old cryptocurrency.
The Securities and Exchange Commission on Wednesday declared effective key filings from the markets seeking to list the groundbreaking products. They will begin trading on Thursday.
Bitcoin's price topped $47,500 following the decision. Other cryptocurrencies rallied, too.
But as at today, BTC is at $42 700.
What's going on? Lets talk.