Are Cryptos On Brink Of Collapse? Expert Warns Of Sell-Off As Bitcoin Trades Flat
Portfolio Pulse from Murtuza Merchant
Crypto expert DonAlt has expressed concerns over the current state of the cryptocurrency market, highlighting its apparent lack of strength. Cryptocurrencies including Bitcoin, Ether, Shiba Inu, and Toncoin are trading flat with losses, while Dogecoin is trading up. DonAlt mentioned the anticipated delay of the ETFs, stating that everyone saw it coming. The SEC last week postponed its decision on spot Bitcoin ETF applications from leading firms, including BlackRock, WisdomTree, and VanEck.
September 05, 2023 | 3:55 pm
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NEGATIVE IMPACT
BlackRock's application for a Bitcoin ETF has been delayed by the SEC.
The delay in the SEC's decision on BlackRock's Bitcoin ETF application could potentially impact the company's stock in the short term as it may affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Bitcoin is trading flat with a loss of about 0.6%.
The flat trading and loss of Bitcoin could potentially impact its price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ether is trading flat with a loss of about 0.1%.
The flat trading and loss of Ether could potentially impact its price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Grayscale's recent legal victory did not prevent the SEC from delaying its decision on Bitcoin ETFs.
The delay in the SEC's decision on Bitcoin ETFs, despite Grayscale's recent legal victory, could potentially impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Shiba Inu is trading flat with a loss of about 1.3%.
The flat trading and loss of Shiba Inu could potentially impact its price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100