Bitcoin is coming back swinging! What a week!
Hi HODLers, Hiveans and Lions,
Saturday is a nice day to reflect about what happened this past week. Bitcoin has been on a tear following ETF filings applications from many Asset Manager including the biggest one: Blackrock!
All of a sudden, Cryto sector became investable and retail investors noticed. As usual, I have continued DCAing and staking the cryptocurrencies giving me this possibility such as $ETH, $HIVE or $LEO.
I did not take any profits and might think about it at much higher levels. As of today, I keep buying and earning these juicy tokens.
Bitcoin Price and Analysis
"A sustained move above USD $31,000 would signal us entering a new phase where market participants are starting to reprice some of the previous regulatory anxiety," Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, wrote in a Telegram note.
"Despite what comes across as antagonistic rhetoric from some regulators, the bitcoin spot ETF applications have amplified the view that institutions remain interested in crypto."
Finally, some have argued that the current regulatory moves from the SEC and other regulators was aimed to facilitate legacy financial institutions to take over this market. Time will tell if these stay conspiracy theories or will be confimed.
In the meantime... Stay safe out there!
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It sure has been one hell of a week!!!