Wednesday saw a large dump for bitcoin and for the altcoins, possibly on the back of a prediction from a Matrixport analyst. Is this anything to worry about?
All seemed to be plain sailing for bitcoin and the crypto market up until Wednesday morning. A sudden dump in bitcoin’s price at around mid morning UK time led to a panicky plummet, with a wick travelling all the way down to $40,600, which was bought back up quickly.
The dump sparked by a rumour?
The dump could have been sparked by an analyst at Matrixport who predicted that all the bitcoin ETF applications would be refused in Q1. His thinking is that the 5-member SEC committee is dominated by democrats, who together with chair Gary Gensler, are extremely anti-crypto.
His reasoning was also around how crypto was considered to be inhabited by bad actors with a failure to seek compliance. However, just what this has to do with the approval of a Spot Bitcoin ETF remains unanswered.
Whether the price dumped because that’s what m
We współpracy z: https://cryptodaily.co.uk/2024/01/bitcoin-dumps-on-etf-rumour-just-noise
