Major events happen frequently, should we rush or defend now?
The news that ETH's ETF is about to pass may have a positive impact on the cryptocurrency market. The U.S. Securities and Exchange Commission (SEC) has approved the plan for a spot Ethereum ETF, which marks a turning point in the openness of regulation and may also have a positive impact on other decentralized projects. In addition, the approval of the ETH ETF may bring an increase in capital flow, promoting the vigorous development of Ethereum and even the entire crypto ecosystem. The head of foreign exchange research and digital asset research at Standard Chartered Bank expects that the approval of the Ethereum ETF may lead to an inflow of US$15 billion to US$45 billion in the first 12 months, and may push the price of ETH to the level of US$8,000 by the end of 2024.
As for the shooting of Trump, although there is no direct evidence that this incident will have an impact on the cryptocurrency market, after the shooting of Trump, the price of Bitcoin broke through the US$60,000 mark, showing that under the transmission effect of risk events, cryptocurrencies may be affected by market risk aversion. However, this impact may be short-term, and the specific effect depends on the actual depth and breadth of the impact of the incident.