Expectations for Bitcoin-focused ETF Keep Market Vibrant, Forecasts of an Altcoin Boom

Bitcoin (BTC)-focused Exchange Traded Fund (ETF) expectations had been keeping the industry alive for days, but an announcement by the US Securities and Exchange Commission (SEC) has momentarily halted this. Nevertheless, there was no significant drop in the total market value of the cryptocurrency industry, which is still maintaining a level of 1.24 trillion dollars. The main reason for this is the continued resilience of BTC above $30,000. With this strong stance, BTC could potentially be signaling the arrival of a new bull, and a figure known as the Altcoin Guru also agrees with this view. Altcoins to Experience a Boom Raoul Pal, a former executive of Goldman Sachs who transitioned full-time into the crypto industry, believes that capital inflow will accelerate. After stating that the market will soon experience a breakout, he detailed his expectations of trillions of dollars. In his statement to approximately 1 million Twitter followers, Pal […] The post Expectations for Bitcoin-focused ETF Keep Market Vibrant, Forecasts of an Altcoin Boom appeared first on COINTURK NEWS.