The value of BTC got a sudden drop in price for ETF postponed. The ETF date is postponed to 30th September from the date 10th August. As a result of this the price of BTC dropped 600-700$.
• Is it a big reason for the drop of sudden value in BTC?
We all know that it may happen . So we shouldn't do much panic for this. Short time investors may get a sudden loss but long time investors should hold there BTC because there maybe a big bullrun in BTC price till the year end.
Here i give some news which can give a boom in BTC price
1
The owner of NYSE( New York Stock Exchange) decided to launch a new platform named BAKKTon this November.For which a lot of money and investors can came into our system and make a big bump in BTC price......
read full article https://blokt.com/news/nyse-owner-launches-bakkt-aims-to-transform-crypto-landscape
2
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to Bloomberg.
According to them the service could eventually help Goldman Sacks openup other crypto services such as brockage.......
read full article https://www.coindesk.com/goldman-sachs-is-reportedly-mulling-a-cryptocurrency-custody-service/
3
Some officials of Chinese government supported blockchain recently. As a reason of it China may make Bitcoin legal thos year.
As we know China is a big market place many investors will came and invest in BTC and this may cause a very big bump in cryptocurrency.
read full article https://cryptovest.com/news/blockchain-gets-stamp-of-approval-from-chinese-leader-xi-jinping/
•CONCLUSION
Yes; right now the market is manipulated. But the thing is we came here to amke profit for that we should hold our assets. If we don't hold we exit with loss. It's your choice you exit with loss or hold for big profit.
Thanks for reading the article. Comment if you have any question or suggestion or anything in mind