Bitcoin

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-43000-a-look-at-the-market-and-etf-speculation/" data-wpel-link="internal">Bitcoin Surpasses $43,000: A Look at the Market and ETF Speculation</a><br></p>
<p style="text-align: justify">Since December 29, we have seen the price of <a href="https://en.coin-turk.com/bitcoin-maintains-its-trend-defying-movement-by-focusing-on-the-26000-level/" data-wpel-link="internal">BTC</a> stuck below $43,000. It has now surpassed this region again. The leading cryptocurrency has been trapped in a narrow range for a long time and now it needs to break free. BTC, which has allowed altcoins enough time to rise, needs to ascend again.</p> 
<h2 style="text-align: justify" id="bitcoin-btc-and-crypto-commentary">Bitcoin (BTC) and Crypto Commentary</h2> 
<p style="text-align: justify">As of the time this article was prepared, BTC surpassed $43,000 and the weakening BTC had been allowing altcoins the chance to rise. A resurgence in BTC market dominance to over 50, perhaps even 55, and a weakening of altcoin rallies are expected. Optimism for ETF approval is about to turn into a reaction to ETH approval <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-296786 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/BTCUSDT_2024-01-01_21-14-46.png" alt="" width="1288" height="593"></p> 
<p style="text-align: justify">Reuters sources mentioned that issuers could be notified about ETF approval on Tuesday or Wednesday. So, if the sources are correct, something should happen within 48 hours, and we should see whether the listing of ETFs next week will trigger a “sell the news” event by looking at the daily volume data of spot <a href="https://en.coin-turk.com/bitcoin-shows-strong-momentum-analyst-predicts-surge/" data-wpel-link="internal">Bitcoin</a> ETFs.</p> 
<p style="text-align: justify">So what will happen in the overall cryptocurrency market? As mentioned above, BTC is on the verge of rising with the ETF news and likely the altcoin rallies will weaken. If the expected scenario occurs, BTC should make a new peak above $48,000, and the next phase should be shaped depending on the ETF volume data.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-surpasses-43000-a-look-at-the-market-and-etf-speculation/" data-wpel-link="internal">Bitcoin Surpasses $43,000: A Look at the Market and ETF Speculation</a></h5>

Bitcoin Surpasses $43,000: A Look at the Market and ETF Speculation

Table of Contents

COINTURK NEWS

Other articles published on Jan 1, 2024

Solana DEX volume breaks $28b in December

Sam Bankman-Fried Sparking Buzz As Prosecutors Drop Remaining Charges

2023: A Year of Recovery and Volatility for Cryptocurrencies

Solana-Based TSUKA Coin Rockets Up 2,500% Overnight and Crypto Whales Say This Other Coin is Next

Bitcoin Lightning Network transfer capacity continues growing

Ripples January Release of 1 Billion XRP, Triggers 2% Price Drop, Market Remains Stable

Join our free newsletter for daily crypto updates!