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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿฅ‡ The former president of the SEC says that a Bitcoin spot ETF seems " inevitable" because all the legal questions surrounding it have been answered.

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿฅ‡ The former president of the SEC says that a Bitcoin spot ETF seems " inevitable" because all the legal questions surrounding it have been answered.

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Bitcoin and a handful of altcoins were down around 7%-10% over the last 24 hours. Here are several factors: 1. Several macro data is being released this week and had investors spooked. Particularly, there is a declining probability of US interest rate cuts this month, and rumors of possible rate hike considerations 2. Over the last 24 hours, 115,804 traders were liquidated for a whopping $387.91m. 3. US Spot BTC ETFs saw an outflow of $161m yesterday 4. Hong Kongโ€™s Bitcoin and Ether ETFs failed to meet expectations 5. RSI divergence indicators suggest a bearish trend, as it was in the "overbought" area during the US BTC ETFs launch 6. More BTC miners approach shutdown levels amid price drop below $57,000 It is important to note that during the 2015-2017 bull market, over 13 different 20% pullbacks occured. Price swings are quite normal and sometimes good for the markets.
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