Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
“While nearly 1 Billion dollars of ETF outflows last week certainly brought retracement to the market, the price volatility is well within normal ranges for Bitcoin,” said Michael Silberberg, Head of Investor Relations at Alt Tab Capital. “While the initial record-breaking inflows may begin to slow, it is worth remembering that these ETFs have just launched, and it will take a while for RIAs, marketers, and wealth managers, in general, to be allocated into the space.
According to X user Max, founder of BB Wealth Management, an emerging fractal pattern suggests that this sideways price action is but a temporary pause before an exponential price increase.swept the previous cycle ATH, pulled back, & then went on to rocket upward upon the Q2 open. Perhaps the same things happen 7 years later...
The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »