03 January, why the market is down today? here is the reason "
We even expected that if all the SEC requirements for Bitcoin Spot ETFs were fulfilled, Bitcoin could rally toward $50,000 by the end of January 2024. While we have seen frequent meetings between the ETF applicants and staff from the SEC, which resulted in the applicants refiling their applications, we believe all applications fall short of a critical requirement that must be met before the SEC approves. This might be fulfilled by Q2 2024, but we expect the SEC to reject all proposals in January", Says Matrixport.
What impact do you think this might have on BTC price and crypto in general? Share your insights in the comments below👇
