Spot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts
Investors will likely see Bitcoin surge even more when a spot Bitcoin ETF is approved, but other factors are needed for the rally to sustain, warn analysts.
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Investors will likely see Bitcoin surge even more when a spot Bitcoin ETF is approved, but other factors are needed for the rally to sustain, warn analysts.
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report.
The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates.
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