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17952767
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1802050
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Speculation
Re: What's keep the price floating above $1k still?
by
cjmoles
on
23/02/2017, 18:10:46 UTC
Quote from: darkota on February 23, 2017, 05:53:16 PM
Curious since this is actually a bit annoying. But can anyone send a reference or source as to who/why is keeping the price of btc above 1k for this long?
*Yes I want it to fall, nothing to hide here*
It could have something to do with the decisions on the exchange-traded funds (ETF) being considered soon. There's a few big players in the game (
https://cointelegraph.com/news/barry-silbert-now-competes-with-winklevoss-twins-solidx-for-launching-first-bitcoin-etf-in-2017
) and there's a lot of speculation at the moment (
http://seekingalpha.com/article/4044517-bitcoin-etf-approved-march-2017-black-swan-asymmetric-risk-reward
). I think there will be a decision making hearing next month (
http://www.newsbtc.com/2017/02/06/sec-faces-march-11-deadline-bitcoin-etf-decision/
).