Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000.
With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market.
Hayes fears that most institutional entities are effectively controlled by governments, who will have to dance to the tune of the state when needed.
The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed.
Having maintained a bullish outlook YTD, Bitcoin price is very likely to continue in the same momentum in the next eight weeks based on historical trends studied by Matrixport.
According to Michael Saylor, Bitcoin will pump significantly after the SEC approves a spot ETF and demand for the king coin spikes.
The Swiss banking industry has been incredibly receptive to crypto with many local banks adding cryptocurrency services to their offerings.
Fed chair Jerome Powell and the rest of the committee are convinced of slower economic growth in the coming quarters amid softening labor market conditions.
The company also shared what transpired in its finances during the third quarter in an earnings report.
There was a recorded rally among several stocks as the Federal Reserve decided that it would leave interest rates untouched.
Most predictions are optimistic about a Bitcoin bull run considering the expected spot ETF approval and the upcoming halving.
Market makers, crucial components of ETF ecosystems, are responsible for the creation and redemption of new ETF shares, ensuring that the ETF’s market price remains in line with the underlying assets it represents.
Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead.
Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be.
As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings.