- Similar to the short-term trend outlined by CCN yesterday, the Bitcoin price has dropped by mid-$6,000 as it failed to demonstrate a recovery in its volume.
- Given the failed recovery of Bitcoin’s volume and the overly strong downtrend of the crypto market, CCN reported that the price of Bitcoin will likely drop to mid-$6,000.
- , if the volume of BTC fails to pick up and rebound to $4 to $5 billion in the next few days, a drop to mid-$6,000 is inevitable,
- Commission (SEC) to delay the approval of the Bitcoin exchange-traded fund (ETF) of VanEck and SolidX.
- The VanEck and Cboe Bitcoin ETFs, boldly claiming that the Bitcoin price will achieve previous highs in August, upon the approval of the first Bitcoin ETF.
- who have intended to sell-off a large chunk of BTC over the past few days, found a reason to do so with the decision of the US SEC and initiated a short-term panic sell-off.
- It can be said with certainty that the delay of the VanEck Bitcoin ETF caused the price of BTC to fall...
- In contrast, the approval of a Bitcoin ETF can also have a massive positive effect on the mid-term price trend of major cryptocurrencies.
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