THE BAD NEW AND THE GOOD NEW! 馃敶鈿狅笍馃煝 Watch Out! 馃憞
Let's start with the bad new. As you heard from several sources, the Iran's attack has caused mass panic among investors. That caused a 10.5% drop on $BTC and a 12% on $ETH . Most of the sell off has then been converted into gold. In fact, its price skyrocket up by 41.8%. Also, as you may noticed stock market hasn't been affected yet, because during the weekend is close. Thus, I do really recommend to be on alert and watch out on Monday morning how it will open!
THE GOOD NEW 馃煝
The bullish new is about the approval regarding the spot bitcoin ETFs in China (Hong Kong). As you may know, the crypto market was banned there. In my opinion, that's a massive bullish new, because it will offer a huge opportunity for Chinese investors! Thanks to the acceleration of regulators, the approval process will happen in less than few weeks (before May). From my point of view, bitcoin recovering will happen after the halving and the new fresh inflows from China. In the meanwhile I'll monitor 62k and 58k BTC supports!
DYOR & Stay Safe! 馃檹
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