Bitcoin price is closing in at $26k once again after dropping to $25,400 last Friday. The coin saw quite a bit of volatility in the final days of August, first skyrocketing to $28k on August 29 after Grayscale’s court victory over the SEC, only to crash again on August 31. Analysts believe that Bitcoin is currently offering short-term and long-term opportunities, with the chart forming an ascending triangle, a bullish pattern. They also indicated that this may have come from recent speculation regarding the BTC ETF approval possibility. However, they also acknowledged that September is typically one of the worst months for cryptocurrencies, so bull traps should be expected.
JP Morgan believes that the SEC will be forced to approve BTC ETFs, following Grayscale’s recent court case. The court ordered the regulator to take another look, which is encouraging, although it is not guaranteed that the ETF will be approved. Robinhood has also added support for BTC and Dogecoin for all classes of users, and hinted that support for even more assets might be coming soon.
Wall Street Memes (WSM) has been one of the summer’s biggest and most popular presales, raising over $25 million over the last few months. Its token, WSM, now sells for $0.0337 and will appear on exchanges in about 23 days. This means that now is the last chance for users to buy it at this price before it emerges on crypto trading platforms and its cost becomes volatile. Anyone interested in purchasing WSM can do so with ETH, USDT, BNB, or credit/debit card.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Companies | OpenSea, SEC, JP Morgan, Robinhood Wallet, Grayscale |
| Currencies | wsm, Tether, BNB, Ethereum, Bitcoin |
| Securities | None |
