Bitcoin, Ethereum, Dogecoin Rise After SEC Labels ETF Filings From BlackRock, Fidelity 'Inadequate' — Analyst Says King Crypto Could Touch $310K If Institutions Do This
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains after the SEC labeled Bitcoin ETF filings from BlackRock and Fidelity as 'inadequate'. Analysts suggest that Bitcoin could reach $310K if institutions invest 5% of their assets under management (AUM) into BTC. The global crypto market capitalization stood at $1.12 trillion, an increase of 0.79% over the last day. U.S. stock futures showed little change, signaling the beginning of the second half of a remarkable year on Wall Street.
July 03, 2023 | 3:47 am
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POSITIVE IMPACT
Bitcoin price increased after the SEC's comments on ETF filings. Analysts suggest a potential surge if institutions invest 5% of AUM into BTC.
The SEC's comments on ETF filings and the potential institutional investment could significantly impact Bitcoin's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin price increased following the SEC's comments on Bitcoin ETF filings.
The SEC's comments on ETF filings could indirectly impact Dogecoin's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum price increased following the SEC's comments on Bitcoin ETF filings.
The SEC's comments on ETF filings could indirectly impact Ethereum's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80