Quote from: NotATether on Today at 09:10:03 AM

Quote from: Gormicsta on November 09, 2023, 10:41:39 AM

Some people said it's because of the ETF applications but that was a short-term hype.

For sure the ETF applications did create a short-term hype but we all know that the impact of the ETF applications is far from short-term. Because when news breaks out about an ETF being rejected or approved by regulatory bodies, it can generate interest and speculations amongst Bitcoin investors which are going t be there for quite a long time. Let's assume an ETF is approved it sure would lead to increased buying activities and make Bitcoin more available and accessible to investors making the price to take a positive trend, and when an ETF is rejected, reverse might be the case and there would certainly be a decrease in market sentiments amongst investors and there is likely to be a dip in the price of Bitcoin because traders and investors market decisions are likely to be influenced by the news. And at this point this can't be considered to be a short-term hype.