All articles tagged with #etf decision
XRP has shown a price rebound to around $2.18 after recent losses, but a sharp 49% drop in trading volume raises concerns about the sustainability of the recovery. Market watchers are cautious, awaiting potential catalysts like ETF approvals that could trigger a breakout, while technical indicators suggest possible movement if resistance levels are broken with increased volume.
A trader predicts that Bitcoin will witness bear capitulation as the U.S. Securities and Exchange Commission (SEC) has a little over a month to decide on spot market Bitcoin exchange-traded fund (ETF) applications. The trader believes that BTC will experience more rallies in the coming weeks, causing even bearish Bitcoin traders to join in. Another analyst is also bullish on Bitcoin, predicting a rally to as high as $45,000. However, there may be resistance around $42,000. At the time of writing, Bitcoin is trading at $39,522.