Bitcoin , Ethereum ETFs and Thorchain Correction

Bitcoin price is increased 6% by hitting $72k as it seems to be ready to go for the $80k. This looks a bit difficult but not impossible as all it requires a big green candle. The resistance at $69k was broken in no time. Now it is having resistance at $72k.

For now the price seems declining again and again at $72k. Bitcoin has come far this now it requires a little more time to absorb the sell pressure at this area. This can take a little longer as people must be booking profit who bought lower. This is completely fine as its a free market but is not a wise thing to sell bitcoin because of its rarity.

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There are a few altcoins catching up the hear as well, for example $ENS price is up by 40%. This is the biggest gainer in the altcoin list which still seems to be looking for the upward moves. Its a solid coin so another big green candle will not surprise us.

Memecoin $PEPE is he second biggest gainer whose price is up by 35%. It makes nice pumps at least twice in a month and then the price cools off. Now it will surely go for the correction.

On the other hand Ethereum price is up more than 20% because of the rumors circulating about ETH ETFs. It is being said that SEC could soon approve ETH ETFs. The news is spread all over the internet abd everybody seems talking about it. Ethereum price hit $3800 after the rumors spreaded on the internet.

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There seems no big movement in the price of other altcoins. Hive didnt care as usual about what is happening in the crypto industry. Hive never react on any news , it does its own things . Bitcoin and Ethereum prices are up but hive didnt show any impressive increase. Its still moving in between 30 to 33 cents. It will print green candles when it is ready. Its just not time for hive.

ThorChain $RUNE price is declined by 20% which is a surprise for me as i dont understand what caused such a heavy correction. I wonder that how it can be dropped this much in a single day when Bitcoin and Ethereum are pumping.

$RUNE is one of my favourite coin which i love to hold as it seems to be still a lot undervalue. I am holding a little bag of it and believe that in the bull season it will print nice profit for me.

As of now when rune is in correction its the best time to buy more of it as its a good opportunity to buy some discount RUNE coin. The current opportunity may not come in the future that is why the opportunity should not be missed. Hopefully it will bring profit when its price recovers back which is very possible. $RUNE is a gem that is why i hold a little bag of it.

Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.

Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.

About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.

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