Bitcoin (BTC) ETF Hype Could Be A Whale Ploy To Lower Altcoin Prices Before The Next Rally

2018-7-23 18:00

Bitcoin (BTC) is up today against most altcoins, trading at a price of $7,700 as shown by the daily BTC/USD chart above. It seems to have met resistance short term and the price might pull back short term, but a strong FOMO for Bitcoin (BTC) is clearly visible as investors refuse to sell even under overbought conditions.

At the centre of this FOMO is Bitcoin(BTC)’s long anticipated ETF (Exchange Traded Fund). This would no doubt be a big development for Bitcoin (BTC) as traditional investors would be able to invest in Bitcoin (BTC) using most of their existing brokers.

Continue reading Bitcoin (BTC) ETF Hype Could Be A Whale Ploy To Lower Altcoin Prices Before The Next Rally at Crypto Daily™.

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$ 59600.34 (-0.32%)
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