Welcome back to your proactive crypto report with Natalie Stoberman!
After a week of Bitcoin trading at $30,000, how long can Bitcoin sustain the hype coming from BlackRock’s spot Bitcoin ETF filing and the launch of Fidelity and Charles Schwab backed EDX Exchange?
The volatile nature of cryptocurrencies makes it challenging to predict, but a positive sign is the swarm of buyers at the $30K mark indicated by Binance’s order book. If the interest and trading volume can continue, it may provide the necessary push for Bitcoin to maintain its support level.
However, the Altcoin community hasn’t experienced the same level of momentum. Ethereum remains around $1,800 but underperforming compared to Bitcoin. Other major Altcoins like Tron and Polkadot have only seen modest gains of four to six percent for the week.
Are you expecting a downturn or do you believe Bitcoin is where it needs to be? Share your thoughts in the comments section.
Thank you for watching, and we’ll see you soon!
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