Bitcoin, Ethereum, Dogecoin Maintain Positive Momentum Amid SEC's Cathie Wood ETF Decision Delay: Analyst Says King Crypto's Range Expected To Widen In Summer
Portfolio Pulse from Shivdeep Dhaliwal
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin are maintaining positive momentum despite the SEC's delay in deciding on Cathie Wood's Bitcoin ETF. The global cryptocurrency market cap rose nearly 0.5% to $1.17 trillion. Analyst Edward Moya from OANDA suggests that Bitcoin's range might widen for the rest of the summer, potentially testing as low as $28,500 and as high as the $32,000 level.
August 15, 2023 | 3:04 am
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NEUTRAL IMPACT
Bitcoin's price might fluctuate between $28,500 and $32,000 over the summer due to the SEC's delay on the Bitcoin ETF decision.
The SEC's delay on the Bitcoin ETF decision is causing uncertainty in the market, which could lead to price fluctuations for Bitcoin.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin maintains positive momentum despite the SEC's delay on the Bitcoin ETF decision.
While the SEC's decision is primarily about Bitcoin, it could also impact other major cryptocurrencies like Dogecoin. However, Dogecoin is currently maintaining positive momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ethereum maintains positive momentum despite the SEC's delay on the Bitcoin ETF decision.
While the SEC's decision is primarily about Bitcoin, it could also impact other major cryptocurrencies like Ethereum. However, Ethereum is currently maintaining positive momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50