I did understand why they were exerting pressure on crypto all these years, but in the end, it was unstoppable and they had to "join the party"... I agree with you that in this way, they will keep a "closer approach" to BTC and probably will try to control it...
And regarding the price movements, in the eyes of regular retail speculators, the BTC ETF story is finished and the new book is opened, the ETH ETF speculation... I suppose that was the main reason why we saw the ETH price going up... But, we will see... IMO, we will slowly go back to "normality", with maybe a bigger BUY pressure on BTC... Either way, with or without BTC ETF, the price would go up...
I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!
Please consider voting for our Liotes HIVE Witness. Thank you!
ETH ETFs and Halving are too strong narratives, we will see how well the market performs.
Thanks for stopping by ✌️