Bitcoin, Ethereum, Dogecoin Spike After Franklin Templeton Files for BTC Spot ETF: Analyst Say If King Crypto Holds This Level, It Could Reach $30K Soon
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant surge following a rapid decline and subsequent rebound in their prices. This was primarily driven by concerns surrounding FTX’s potential sale of its crypto holdings. Franklin Templeton has announced its entry into the cryptocurrency sector by filing an application for a Bitcoin exchange-traded fund (ETF). The global crypto market capitalization stands at $1.03 trillion, a 2.16% increase in the last day. The Nasdaq Composite experienced a decline due to Oracle’s disappointing performance.
September 13, 2023 | 2:35 am
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POSITIVE IMPACT
Bitcoin experienced a significant surge following a rapid decline and subsequent rebound in its prices. Franklin Templeton has announced its entry into the cryptocurrency sector by filing an application for a Bitcoin ETF.
The news of Franklin Templeton filing for a Bitcoin ETF could attract more institutional investors into the cryptocurrency sector, potentially driving up the price of Bitcoin in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin experienced a significant surge following a rapid decline and subsequent rebound in its prices.
The overall surge in the cryptocurrency market has positively impacted Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ethereum experienced a significant surge following a rapid decline and subsequent rebound in its prices.
The overall surge in the cryptocurrency market has positively impacted Ethereum's price. The potential approval of an ETF on Ethereum could further drive its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80