Bitcoin Clings To $30K, Ethereum, Dogecoin Dip Despite SEC Nod For Crypto Futures ETF: Analyst Predicts Apex Crypto Target In 'Likely' Capitulation
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies experienced a slight dip on Sunday evening, with Bitcoin remaining above the $30,000 threshold. The SEC has approved the nation's first leveraged Bitcoin futures ETF offered by Volatility Shares, which will begin trading on Tuesday on the CBOE BZX Exchange. Analysts predict a potential upward trend for Bitcoin, while others anticipate a downward trend.
June 26, 2023 | 2:41 am
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POSITIVE IMPACT
Bitcoin experienced a slight dip but remained above $30,000. The SEC's approval of the first leveraged Bitcoin futures ETF could lead to increased institutional adoption, potentially impacting Bitcoin's price.
The approval of the first leveraged Bitcoin futures ETF by the SEC could lead to increased institutional adoption of cryptocurrencies, potentially impacting Bitcoin's price in the short term. However, some analysts predict a downward trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin experienced a minor dip, with no specific news or events directly impacting the cryptocurrency's price.
Dogecoin experienced a minor dip, with no specific news or events directly impacting the cryptocurrency's price. The overall market trend could influence Dogecoin's price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ethereum experienced a minor dip, with some analysts predicting a downward trend for the cryptocurrency, potentially dipping to between $500-$700.
Some analysts predict a downward trend for Ethereum, potentially dipping to between $500-$700. This could impact the cryptocurrency's price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80