Bitcoin Sees Minor Price Recovery, but No Bottom in Sight Yet
Bitcoin's price is slowly recovering from the recent sell-off thanks to the FTX fallout, but picking a bottom is akin to throwing darts at a board blindfolded.
Source: etftrends.com
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Fed Standing in Way of Bitcoin Ascent, Says Crypto Expert
Six interest rate hikes by the Fed aren’t doing anything to facilitate appetite for riskier assets, including bitcoin.
Source: etftrends.com
Amid FTX Fallout, CFP Board Encourages Advisors to Be Cautious Regarding Crypto
Falling the collapse of cryptocurrency broker FTX, calls are escalating for more regulation of crypto. Add the CFP Board to that group.
Source: etftrends.com
Fed Pivot Could Bolster DAM and DAPP
Likewise, the strong dollar has been a drag on digital assets, explaining why ETFs such as DAM and DAPP are scuffling this year.
Source: etftrends.com
Maybe a Brazilian Boost for XBTF
Crypto ETFs, including XBTF, are levered to bitcoin price action, implying that the funds can get a lift from an expanding usage case.
Source: etftrends.com