Since the launch of bitcoin exchange-traded funds earlier this year, bitcoin has regained and even surpassed the all-time high it set during the heady days of the 2021 bull market, but seems to be trading sideways for weeks.
Conditions seem right for a breakout, yet it remains unclear what crypto's future holds. Regulatory progress is noted globally, including the U.S. developments easing gridlock.
"The ETH ETF approval is a sign of change, but it's not enough to re-catalyze things," said Adam Roberts at Consensus. Uncertainty lingers about the direction of the crypto market.
"Ask me in two days, and I'll have a better answer," reflecting the ongoing ambiguity and unpredictability surrounding the current market sentiment at Consensus 2024.
[
Collection
]
[
|
...
]