We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoins next run will go further and happen quicker than people realize.
In the news, we have Europes largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.
We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!More than 10 days after you open this thread, it looks like bitcoin price is spiking because of the ETF madness again. I believed its the only positive news that really push the price from the last bottom and slice the mental barriers of $7K. And now its just above the $8K mark and still holding at the moment. But the big question is how will the market react at the Aug 10 date? Its really a critical day for the crypto world because it will decide if this bull run will continue or another reversal is in the horizon.