Bitcoin (BTC), the largest cryptocurrency by market value $56,980.12 It rose from $ 54,800 to $ 58,088 in the last 24 hours. With the US markets opening at the time of writing, the gains are being returned, albeit slowly. Beyond the charts, we will take a look at the evaluations of 3 different analysts on Bitcoin (BTC) performance on topics such as ETFs and volatility.
Bitcoin (BTC) ETF Performance
The analyst, popular under the pseudonym Quinten, is closely interested in cryptocurrency markets. However, there is no price chart on his agenda. The famous name that follows the performance of ETFs shares the striking detail here. With ETFs launched in the US through 2024 BTC ETFWhen comparing ‘s, BTC is clearly the first. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Among the 430 ETFs, Bitcoin ETFs that have received SEC approval are in the top 35. In the ranking based on investor entries, BTC ETFs are also in the top four (BlackRock, Fidelity, ARK&21 Shares and Bitwise). Quinten is extremely pleased with this data, which shows that Bitcoin is being strongly adopted by institutional investors.
Bitcoin Rise Could Begin
Cryptocurrency The markets have been experiencing annoying movements for 2 quarters. Although this has been a long time, it should now reverse. So why do we say this? Shared by Mister Crypto on-chain The chart tells us that the capitulation period is now over. The negative period in the markets may now be over.
“Congratulations, you have almost survived the longest Bitcoin capitulation period. However, in the next wave, many will call it “luck.”
If the analyst is right, we will see once again in the light of historical data that this is not a chance. Kyledoops draws attention to the fact that 30-day volatility for BTC has climbed to 70%.
“September volatility is unusual, with Bitcoin’s 30-day volatility rising to 70%, approaching its March peak. This increase is notable as September is generally seen as more subdued compared to Q1.”
Major events that will trigger volatility on the macroeconomic front have a significant contribution to this increase. The Fed meeting and the decrease in concerns about the path of the economy may balance the negative volatility and pave the way for an increase.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
