SEC backed into a corner on Bitcoin ETF, and is a BTC price correction coming?
Episode description
As we anxiously await the U.S. SEC’s ruling on spot Bitcoin ETF applications, Bloomberg’s James Seyffart wonders if the regulatory agency has been “backed into a corner.” However, only 39% of financial advisers surveyed expect a positive outcome this month. A surge in calls to “buy the dip” may have helped Bitcoin rebound from its flash crash this week, but Arthur Hayes warns a far bigger correction could be coming down the pipeline!
Further reading:
- SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
- Only 39% of financial advisers believe a Bitcoin ETF will be approved in 2024: Bitwise
- Surge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlook
- March banking crisis rerun risks 40% Bitcoin price crash — Arthur Hayes
So, grab yourself a coffee, and let’s get into it!
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