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Top 5 cryptocurrencies to watch this week: BTC, ETH, SOL, MATIC, FTM
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On Oct. 15, news that a Bitcoin (BTC) exchange-traded fund (ETF) could start trading as early as next week sent Bitcoin price to $62,933 but the rally has cooled off since then.
Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. Crypto trading firm QCP Capital said in an update that the approval of futures-based ETFs is unlikely to provide a long-term boost for Bitcoin prices similar to the one seen in the fourth quarter of 2020.
While high volatility cannot be ruled out in the near term, investors should focus on the major trend and not get caught in minor corrections that are part of the path to new all-time highs.
According to Foxbit founder João Canhada, his
Read more on cointelegraph.comAbout this in other media
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Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, MATIC, FTM cointelegraph.com /3 years ago
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