Despite a plenty of speculation among the cryptocurrency community members, it is still unknown who is the owner of the mysterious bitcoin wallet.
A major recovery of Ethereum and other altcoins support today’s cryptocurrency market price surge.
Though the crypto community doesn’t have a single opinion about the future of the market, some experts believe that BTC will go up.
After the drastic falls in prices, crypto market is stabilizing, with Bitcoin gaining more traction and increasing its market dominance.
Cryptocurrency market sentiment continues to remain negative as Ether (ETH) and other altcoins enter a downward spiral.
Nasdaq is going to launch a new tool for predicting the price movements of cryptocurrencies in November. The service will support 500 crypto assets. Currently, it is being tested.
Jonathan Cheesman, a partner at investment firm Distributed Global, believes that the currect drop in Bitcoin’s price is caused by macro trend, speculative dominance, regulatory uncertainty, short selling, and scams.
Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF).
While some experts are not very optimistic about the future of Bitcoin, some other believe that Bitcoin is likely to strengthen its positions.
According to Antonopoulos, ETFs, if thought of as instruments, allow investors to just speculate around the price of cryptocurrency but not actually hold them.