Why Bitcoin Cash (BCH) Is Volatile
Portfolio Pulse from Henry Khederian
Bitcoin Cash (BCH) is trading lower by 4.5% due to recent cryptocurrency market volatility. This volatility is linked to growing optimism about the SEC's potential approval of a Bitcoin ETF. Financial firms are adjusting their applications, with Bloomberg suggesting a 90% chance of approval by January 10, 2024. The introduction of a Bitcoin ETF can increase liquidity and market depth, causing price swings.
November 09, 2023 | 7:52 pm
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Bitcoin Cash (BCH) is experiencing volatility due to optimism about the SEC's potential approval of a Bitcoin ETF. This could lead to increased liquidity and market depth, causing price swings.
The potential approval of a Bitcoin ETF by the SEC is causing volatility in the cryptocurrency market, particularly impacting Bitcoin Cash. The introduction of a Bitcoin ETF could increase liquidity and market depth, leading to price swings.
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