Welcome back,
In today's blog we will talk about the 50 hours remaining for the bitcoin Etf decision by SEC. For those who do not know there are two deadlines one is in March 2024 if I am not wrong, and the other was here before 10th January and that's why we are almost 2 days away before we all know the decision.
I have been writing few blogs about bitcoin ETF before as well but this one will be a quick one based on how less time is remaining for a big event to take place. In case the ETF's gets approved we will see immediate money entering the market and that will impact the price of BTC by 4-5k dollars easily.
It all depends on whether the ETF's will be approved in these two days. At this point we see that market is well stable and bitcoin is trading close to 44k dollars which is because of the reason I shared with you all above.
The market here is positive because of the ETF news that will come anytime in these two days. What or what not to do was discussed by me in one of the blogs I published recently here so anyone who wants to read my views on the same can visit the post I shared recently.
Keep your eyes open but also remember that ETF's can also be delayed as I told there were two deadlines for the same one is ahead of us in the month of March. I don't know the exact date, but it is in March for sure.
Thank you and happy trading everyone.