As the crypto community awaits for the first spot Bitcoin Exchange-Traded Fund (ETF), analyst Alex Krüger hints at a 70% likelihood of approval in Jan
Bitcoin ETF approval odds at 70%, says analyst ahead of January deadline uary. Krüger anticipates that traders are gearing up for this event, possibly employing a "Sell the News" strategy. Meanwhile, a growing correlation between the DXY US Dollar Index and Bitcoin has raised the prospect of a rally in 2024. Polygon price sees dip after key executive departure Polygon registered a 5% price dip hours after co-founder Jaynti Kanani announced his exit from the project.
The executive is reportedly shifting his focus to new ventures he founded this year. In the past months, Polygon made major changes to its top offices while announcing Marc Boiron as chief executive officer. Crypto hits a glass ceiling The crypto market is struggling to break above the $1.09 trillion cap, having turned south from that level on Thursday morning, bringing the total market valuation down to $1.084 trillion.
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