Excitement persists over the US regulator’s possible approval of the launch of spot Bitcoin ETFs.
Bitcoin operates downwards this Monday, November 20, but maintains its position for above US$37,000. For his part, the Ethereum (ETH) exceeds the u$s2 thousand.
Bitcoin faces a strong resistance near US$38,000. Furthermore, in the week, the benchmark cryptocurrency witnessed a high level of volatilitymarked by a conflict between positive and negative sentiments in the markets.
Bitcoin: market expectations
Excitement Persists Over Potential Approval of Spot Bitcoin ETF Launch by the US regulator. However, sellers are pushing for BTC to move away from levels above US$37,000arguing that such levels they are exaggerated and they lack tangible foundations beyond optimism, according to cryptocurrency analysts.
For all these reasons, there is widespread enthusiasm regarding attend a positive 2024 in pricessince, compared to other asset classes, cryptocurrencies occupy the third position in terms of opportunity, using risk-adjusted returns, in the next three years, after investment in private equity and US stocks.
Furthermore, the institutional investors They believe that technology Blockchain has the potential to transform payments and business settlement.
Source: Ambito
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