Cryptocurrency Q&A
What happened to Bitcoin after ETF approval?
What happened to Bitcoin after ETF approval?
CryptoPioneer
Mon Jul 15 2024
|
6 answers
1445
With the recent approval of the Bitcoin Exchange-Traded Fund (ETF), investors and enthusiasts alike have been eager to know the repercussions on the cryptocurrency market. Did the ETF approval trigger a significant price surge in Bitcoin? Did it lead to an influx of institutional investors, further legitimizing the digital asset? Or perhaps, did the market remain relatively unaffected, indicating that the ETF was merely a symbolic milestone? Understanding the aftermath of this approval is crucial for those seeking to navigate the volatile crypto landscape. What, indeed, happened to Bitcoin after ETF approval?
6 answers
KatanaSwordsmanshipSkill
Wed Jul 17 2024
Shortly after this landmark decision, Bitcoin's price surged once again, surpassing even its previous ATH and reaching over $69,000.
Was this helpful?
300
66
Federico
Wed Jul 17 2024
Specifically, Bitcoin hit a new all-time high of $73,084, demonstrating the robust demand for the cryptocurrency.
Was this helpful?
232
88
SakuraFestival
Wed Jul 17 2024
In March 2024, the landscape of digital currencies underwent another seismic shift.
Was this helpful?
331
67
Federica
Wed Jul 17 2024
Following the approval of the Bitcoin ETF, investor sentiment towards digital assets strengthened significantly.
Was this helpful?
90
32
CryptoAlchemy
Wed Jul 17 2024
The U.S. Securities and Exchange Commission (SEC) granted approval for historic Bitcoin ETFs, a move that was widely anticipated and eagerly awaited.
Was this helpful?
218
90
Load 5 more related questions
