Bitcoin Price Correction and Current Levels
Bitcoin experienced a correction after briefly surging to $28k per coin on August 29. It broke several support levels, including $27.6k and $27.3k before reaching $27,100. The coin then bounced back to $27.3k, which has become a resistance level. Currently, Bitcoin is trading sideways between $27.2k and $27.3k, at $27,230.
Bloomberg’s Analysts Predict Bitcoin ETF Approval
Bloomberg’s analysts believe that the chances of a Bitcoin ETF approval have increased to 75% after Grayscale’s recent court win. The court ordered the SEC to re-examine Grayscale’s proposal, leaving the regulator with little room to justify further denials. The increased media attention and Grayscale’s victory make it harder for the SEC to reject an ETF again.
Wall Street Memes Presale Ending
The Wall Street Memes presale, which raised over $25 million, is in its final hours. It is scheduled to end on August 31. After the presale concludes, the token will be listed on crypto exchanges for 27 days. The token can be purchased for $0.0337 using USDT, ETH, BNB, or credit/debit cards.
Hot Take:
The recent Bitcoin price correction highlights the volatility of the cryptocurrency market. However, with the potential approval of a Bitcoin ETF and the success of meme coin presales like Wall Street Memes, it is clear that interest in cryptocurrencies continues to grow. As the market evolves, it is important for investors to stay informed and make educated decisions.
By
By
By
By
By
By