COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin May See a Rise Again, Despite Its Recent Dip Below $31,000
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin May See a Rise Again, Despite Its Recent Dip Below $31,000
Bitcoin (BTC)

Bitcoin May See a Rise Again, Despite Its Recent Dip Below $31,000

In Brief

  • Economist Alex Krüger suggests Bitcoin will rebound, fueled by the prospect of ETF approval and ongoing demand from professional investors.ContentsBlackrock’s ETF May Be Approved!Bitcoin Price Movement!  Blackrock’s ETF May Be Approved! According to the news of BlackRock, the world’s largest asset manager, cryptocurrency analyst and investor Scott Melker gave the following statements in an interview […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

Economist Alex Krüger suggests Bitcoin will rebound, fueled by the prospect of ETF approval and ongoing demand from professional investors.

Contents
Blackrock’s ETF May Be Approved!Bitcoin Price Movement! 

Blackrock’s ETF May Be Approved!

According to the news of BlackRock, the world’s largest asset manager, cryptocurrency analyst and investor Scott Melker gave the following statements in an interview published on July 3: 

Applying for a spot Bitcoin ETF is a big deal and it wasn’t properly priced yet. We have very strong news that the BlackRock Bitcoin ETF is likely to be approved. Whether it gets approved or not is debatable… But the matter is, we have only moved 20% in this news. And the likelihood is definitely over 50%, around 75%. So the first point is that the market is not properly positioned for this. 

According to the expert, the second point is that the leading cryptocurrency has resistance between $31,000 and $37,000 and $37,000 has been the “moon level” since mid-May. We were nearly having a heart attack and some of us were going out and dancing with joy. 

Bitcoin Price Movement! 

However, the economist emphasized that Bitcoin’s recent correlation with other risky assets is only temporary and is probably due to ongoing regulatory attacks that have seen many cases opened against large participants in the crypto market. The expert analyst made the following statements: 

On the correlation side, regulators in the US have been very aggressive since the beginning of April this year. Many major market makers started stepping out of the market. These correlations caused a drop to the 2020 levels fundamentally before Bitcoin became a macro asset. However, this situation is temporary. 

The leading cryptocurrency is trading at a price of $30,293, which represents a 2.38% decrease for the day, but an increase of 0.65% over the previous week and 13.54% on a monthly basis. This is according to the latest data taken on July 5. Meanwhile, cryptocurrency market expert Willy Woo believes that Bitcoin is in another price squeeze following the ongoing demand increase from institutional and professional investors in Bitcoin futures. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Defies Odds to Shatter Historical Price Records

Bitcoin Surges with GameStop’s Strategic BTC Acquisition

Major Corporations Drive Bitcoin Surge with Strategic Bulk Purchases

Bitcoin Surges: Three Factors Fueling the Cryptocurrency’s Ascent

Bitcoin Surpasses Expectations with Potential 2026 Price Surge

İlayda Peker 6 July, 2023 - 10:32 am 6 July, 2023 - 10:31 am
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Crypto Market Slump: Bitcoin Leads the Dip as Market Value Retreats to $1.19 Trillion
Next Article Bitcoin’s Meteoric Rise: The Tenth Largest Entity in the World! 
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

US Inflation Rates Poised to Climb as Fed Watches Closely
Economy
Bitcoin Defies Odds to Shatter Historical Price Records
Bitcoin (BTC)
Senator Lummis Pushes for Fairer Crypto Tax Regulations
Cryptocurrency Law
Bitcoin Surges with GameStop’s Strategic BTC Acquisition
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?