Crypto Chase: After the approval of Bitcoin spot ETF, the price of BTC will rise to $46,000
As of the closing price in 2023, the price of Bitcoin has risen to around $42,500. Before the upcoming key legislative activity scheduled for early next month, concerns remain among bulls about Bitcoin. In their analysis, trader Crypto Chase wrote that they had previously shorted BTC at $43,000 and expected the highest price to rise to $46,000 with support from a positive decision on the ETF. If the product is rejected, the price will quickly fall to $36,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix (NFLX.US) reportedly plans to lay off about 5% of its staff: The streaming giant faces growth pressure and trims its workforce ahead of earnings report.
According to reports, Netflix plans to lay off about 5% of its employees as early as next week.
Citi: Besent May "Slash" Long-term Bond Issuance Next Month, 20-year US Treasury Issuance Could Be Directly Canceled
Citi published a research report indicating that US Treasury Secretary Scott Besant is highly likely to reduce the issuance size of long-term US Treasury bonds, and may even completely cancel the issuance of 20-year Treasury bonds.
Rising energy prices intensify inflation concerns; US Treasury yields increase again, with the 10-year rising to 5.25%.
Persistently high energy prices have intensified market concerns about the inflation outlook and reinforced investor expectations of further interest rate hikes by the Federal Reserve. After experiencing significant volatility earlier this week, U.S. Treasury yields are edging back toward recent highs.
