Bitcoin Correction On Cards? Crypto Expert Warns Potential ETF Approval Could Lead To ‘Sell The News’ Event
Published by
Benzinga
Benzinga
King of cryptocurrency Bitcoin (CRYPTO: BTC) has had a stunning bull run in 2023. Anticipating approval for Bitcoin ETF, the cryptocurrency’s market capitalization has surged 164% in 2023 so far, which is an increase of $539 billion. Now, a leading cryptocurrency trader thinks there is a possibility of a considerable drop in Bitcoin value. What Happened: Renowned cryptocurrency expert DonAlt asserts that the sanctioning of a spot-based Bitcoin ETF could result in heightened Bitcoin price fluctuations. DonAlt anticipates that Bitcoin might briefly rally following the ETF news, but a significant…
