Bitcoin has been making higher lows since hitting $5754 (Bitfinex USD/BTC) on June 24th and first to $5877 on August 14th (Bitfinex USD/BTC) then on September 8th at $6118 (Bitfinex USD/BTC).
After failing to gather enough selling momentum to decisively break below $6000 it's looking like the market is in waiting mode for SEC to decide on the fate of a Bitcoin ETF.
How likely is SEC to green-light an ETF, let me know your opinions.
After failing to gather enough selling momentum to decisively break below $6000 it's looking like the market is in waiting mode for SEC to decide on the fate of a Bitcoin ETF.
How likely is SEC to green-light an ETF, let me know your opinions.
If I recollect correctly Bitcoins touched 7k in this period, bitcoins etf is just one of the news that's effecting the prices currently. The major factors are panic selling, fud in the market and lower sentiments however I'm sure all this will improve in months to come. Now as far Sec is concerned 3 out of 5 members are in favour of Bitcoins Etf, however they have clarified there is no fixed date when when it'll be approved, so we'll have to be patient.