Hot bitcoin summer could be in store, as price hovers above $30,000

"Trading above $30k, with multiple positive catalysts ahead, I am becoming more bullish on BTC and view this summer as a key period to accumulate aggressively," Lunde said., Lunde added that"all ingredients are in place for a spicy market in the coming nine months, with institutional interest greenlighting BTC as a viable sound investment alternative.

Unlike previous post-halving rallies that started 6-12 months later, the current excitement could build sooner, especially if the U.S. Securities and Exchange Commission delays its BlackRock verdict, he added. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to Fresh 1-Year High Above $31,000 – Bitcoin NewsBitcoin moved back above the $31,000 level on July 4th, as U.S. traders celebrated the Independence Day holiday.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Prices Are Hot, but Here’s What Could Crush the RallyBitcoin has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further $BTC gains, GWilliamsJr_CMT writes in “Crypto Long & Short.”
Source: CoinDesk - 🏆 291. / 63 Read more »

Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing – Bitcoin NewsAfter the filing was re-submitted, some market observers suggested the move could give Blackrock an advantage.
Source: BTCTN - 🏆 531. / 51 Read more »