Bitcoin’s Swift Recovery and the Expected Boom in Altcoins Following SEC’s ETF Request Update

Bitcoin‘s price experienced a rapid drop following the Securities and Exchange Commission’s (SEC) request for an update to ETF applications. However, it recovered quickly. Although BlackRock has not yet updated its application, we have seen updates to other ETF applications. Altcoins have begun to rise, and BTC is relatively flat at the $30,500 level. Will Bitcoin Increase? The high volatility days of cryptocurrencies are back. While BTC manages to remain calm, activity in altcoins is increasing over the weekend. Popular analyst Pentoshi, who accurately predicted the finale of the 2021 bull market, shared his latest update on the current situation with cryptocurrency investors. Pentoshi said that the recent pullback in Bitcoin already met his previous prediction that Bitcoin could briefly fall below $30,000. “I was hoping for some fills at $29,200 in any pullback, but there is preliminary work above that. As a result, the market structure is now better.” […] The post Bitcoin’s Swift Recovery and the Expected Boom in Altcoins Following SEC’s ETF Request Update appeared first on COINTURK NEWS.