Best Crypto to Buy Now 17 July – 1NCH, Algorand, Uniswap
As crypto markets hold relatively steady today after recent gains the United States Securities and Exchange Commission (SEC) has commenced a process inviting the public to share their perspectives on Bitcoin Exchange Traded Funds (ETFs).
This development surfaces just ahead of the July 2023 assembly of the Federal Open Market Committee (FOMC) set on July 25 to 26, which will give more information to market participants about possible future market sentiment.
Meanwhile, Bitcoin continues to fight for stability, attempting to maintain its position in the $30,000 support zone.
In light of these developing macroeconomic events, what are the best cryptos to buy now?
The cryptocurrency market has been experiencing an upswing for the past month, largely driven by a surge of applications for spot Bitcoin exchange-traded funds (ETFs) submitted to the U.S. Securities and Exchange Commission (SEC).
Expectations for continued gains are rising, fueled by anticipation around two key events--the impending verdict in the Ripple versus SEC lawsuit and the Federal Open Market Committee's (FOMC) upcoming decision on interest rates, which is widely expected to satisfy market participants. The confluence of these factors has injected optimism into cryptocurrency markets.
The SEC has initiated a new phase for investors, traders, and the general public to provide their opinions on the Bitcoin ETF applications submitted through the Cboe exchange.
The agency has announced that these comments will be made available to the public on their official platform and is inviting the public to share their thoughts on applications submitted by entities such as Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco Galaxy Bitcoin
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