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!It will be difficult to predict what will happen next. If the ETF is approved the market will reverse. Otherwise it would be really bad.
Anyway, I hope the ETF will approve it, with the dull market from the beginning of the year to now it will be a new blow for the market.