Zcash NU7 upgrade goes live, leaving 12,224 ZEC stuck in the Sprout pool—how will $BTC react?
According to CoinTelegraph, the market is buzzing after news that the Zcash NU7 upgrade has gone live, leaving 12,224 ZEC stuck in the Sprout pool. This is considered a significant development that could directly affect sentiment among holders of $BTC in the short term.
The reaction of $BTC
Short-term uncertainty: The news has made investors more cautious. Speculative inflows into $BTC could slow over the next 24 hours, leading to sideways movement or a slight correction due to profit-taking pressure.
No major panic: This is not a sudden, shocking piece of negative news for the broader market. For those closely following the BTC ecosystem, this is a step along its development roadmap, so it is unlikely to trigger a major wave of selling.
The long-term trend depends on macro factors: In the long run, the price of $BTC will still depend on core factors such as on-chain activity, ETF flows, TVL, and overall crypto market sentiment. If the ecosystem continues to expand, the outlook remains positive.
Do you think $BTC will take off after this news? 👇
#Binancenews #xuhuong #CryptoNews
According to CoinTelegraph, the market is buzzing after news that the Zcash NU7 upgrade has gone live, leaving 12,224 ZEC stuck in the Sprout pool. This is considered a significant development that could directly affect sentiment among holders of $BTC in the short term.
The reaction of $BTC
Short-term uncertainty: The news has made investors more cautious. Speculative inflows into $BTC could slow over the next 24 hours, leading to sideways movement or a slight correction due to profit-taking pressure.
No major panic: This is not a sudden, shocking piece of negative news for the broader market. For those closely following the BTC ecosystem, this is a step along its development roadmap, so it is unlikely to trigger a major wave of selling.
The long-term trend depends on macro factors: In the long run, the price of $BTC will still depend on core factors such as on-chain activity, ETF flows, TVL, and overall crypto market sentiment. If the ecosystem continues to expand, the outlook remains positive.
Do you think $BTC will take off after this news? 👇
#Binancenews #xuhuong #CryptoNews