Bitcoin rally gathers steam and trades above the 30k mark. Will a Potential Spot ETF approval ramp up institutional fund involvements and push prices higher?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.RT @KobeissiLetter: This is incredible: At 9:45 AM ET today, Bill Ackman posted that he covered his bond shorts. 4 hours later, ...US Dollar Forecast: DXY at the Mercy Geopolitical Developmentshave continued their upward trajectory following a spike last week on the Blackrock Spot ETF application.
The recent rally has seen a shift in the Crypto fear and greed index which has improved from a 47 reading last week to 53 this week. This is just below the greed area and could be a good sign for both Bitcoin and Crypto markets as a whole. I have spoken about this in length in my Q4 Bitcoin Outlook and it remains my assertion that a spot Bitcoin ETF could be game changer. Some analysts are predicting as much as 10-20% gains in Bitcoin on the immediate approval followed by a massive influx of institutional investors to the crypto market and predominantly Bitcoin of course.
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