https://www.reddit.com/gallery/193jgj7
Wednesday, January 10, 2024
Spot Bitcoin ETFs Approved - Gary Gensler Issues Approval Statement
https://i.redd.it/dbm6jf8onobc1.png
The Crypto markets are unpredictable
I no longer understand the Crypto Market. All eyes were on Bitcoin Spot ETF approval, and now since it has been approved, Bitcoin was expected to spike, at least above $50K for a short period of time, but it didn't. In fact, it's trading below the price it was yesterday. Seems like the ETF approval was already priced in.
On the other hand, Ethereum along with its L2s, is doing great. ETH breached the $2500 mark with ease. This makes me more bullish on ETH as it took away all the limelight from Bitcoin, even after such a big event in the history of Bitcoin and Cryptocurrency overall.
Now, all we need to do is keep that DCA on and accumulate more ETH.
I'm sure the Ethereum ETF is just around the corner, and many financial institutions are waiting to buy in.
Hold on to your ETH and sleep well.
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