Greetings to all readers of this great platform, especially to those who make life in the great community of #ProjectHOPE, in the present opportunity I want to talk a little about the crypto market and how it is impacting the news of the ETF on the price of Bitcoin, having generated false expectations of the news of the ETF in favor of Bitcoin and ETH and then receive a communiqué saying it was not to decision taken, which generates a big problem.
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Yesterday I talked to you about the benefits that can generate if the SEC news about the ETF becomes positive for Bitcoin and ETH, can become really a moment of great impact on the crypto market, this impact of course will be in a positive way, in addition to being able to improve the market in general, we will have other positive factors, among these we will get the Halving, the bullish period of the market and much more.
Yesterday late in the afternoon, a really positive news had been generated, as it had said that the bitcoin ETF had been approved and its listing on the stock exchange, this news really surprised and generated great expectations for the following weeks, how this was going to benefit the crypto market in general, but at the end of the day they released another statement denying the situation, so this is negatively affecting the market.
The statement issued is really not very encouraging, as they deny an alleged situation of hackers to issue a statement, so the next issued makes us think that the responses to these situations will be negative, a situation that generated large movements in the market, as many people sold the BTC waiting for the market to recede, and eventually take position again.
Although this happened, the market is still in a great area, because as soon as it reached 45k the fall stopped, because everything leads us to think that it is the new market support, and as soon as the smoke of this news that is nothing more than a FOMO is dispersed, it will bounce again in the market and with great strength from my perspective, so we can be facing a great situation in the market for the next few days despite the problems caused yesterday.
Greetings @chucho27, today is a day that also keeps the expectation to those of us who make life in this market for the possible approval of the ETF, the dijunctiva focuses on whether it is approved or not approved, I think the halving can be a little more significant because there the supply comes into play with the decrease of the tokens.
Let's wait and see what happens, have a great week.
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Greetings @chucho27, today is a day that also keeps the expectation to those of us who make life in this market for the possible approval of the ETF, the dijunctiva focuses on whether it is approved or not approved, I think the halving can be a little more significant because there the supply comes into play with the decrease of the tokens.
Let's wait and see what happens, have a great week.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit