A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.”
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Bitcoin’s volatility index reached its highest level in 20 months, but traders aren’t too sure if there’s more pain ahead.
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Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months.
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Despite ongoing speculation about Bitcoin’s next potential “deep correction,” some cryptocurrency analysts disagree on its likelihood.
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Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan.
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