Happy Friday, Cryptocademy!
The not-so-happy news is that the Bitcoin spot ETF was rejected today.
But is it really that bad?
I’ll share my opinion on today’s news, including how it may impact the chart.
Plus, updates on BTC, ETH, DOGE, LINK, VET, and KITTY.
Let’s get it!
News by Itself Is Neither Bullish nor Bearish
Many big Twitter accounts were calling for a Bitcoin ETF approval as if it was a sure thing.
There was nothing guaranteed about a spot ETF approval.
I’ll admit that I was leaning toward the likelihood of approval after the two futures ETFs recently. A spot ETF seemed like a logical sequel.
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