Bitcoin

Optimism

The king of cryptocurrencies has just surpassed $37,000 and continues to increase its 24-hour gains. The risk appetite of <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">investors</a> is growing amid increasing optimism for ETF approval. Positive sentiment towards the cryptocurrency markets is growing in many aspects. 
<h2 style="text-align: justify" id="bitcoin-at-37-000">Bitcoin at $37,000</h2> 
The prolonged stay of BTC price at $36,000 has led some investors to expect further declines. However, a few hours ago, the critical threshold was surpassed. The king of cryptocurrencies is now attempting to close above $37,000. The short-term profit-taking should have been much higher and the price should have retraced rapidly. However, investors have also started to become convinced of a rebound. 
As optimism for ETF approval increases, Bloomberg experts give a 90% chance of approval by January 10th. Fed interest rate expectations have turned to a 25bp cut for May. The expected interest rate cut in September is being withdrawn early after positive data. Moreover, while a 50bp cut was expected, the annual rate cut expectation has climbed to 100bp. 
<img decoding="async" class="alignnone size-full wp-image-274942" src="https://coin-turk.com/wp-content/uploads/2023/11/BTCUSDT_2023-11-09_15-53-18.png" alt="" width="1814" height="847"> 
Investors can see that cryptocurrencies like SOL, <a href="https://en.coin-turk.com/chainlink-leads-the-altcoin-market-rich-people-line-up-to-invest-in-this-altcoin/" data-wpel-link="internal">LINK</a>, and <a href="https://en.coin-turk.com/the-future-of-matic-coin-price-analysis-and-market-trends-for-polygon-matic/" data-wpel-link="internal">MATIC</a> are showing positive performance against BTC. Current resistance levels for BTC are at $38,400 and $40,000. Continue Reading: <a href="https://en.coin-turk.com/bitcoin-surpasses-37000-as-optimism-grows-for-etf-approval/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-surpasses-37000-as-optimism-grows-for-etf-approval/</a>

Bitcoin Surpasses $37,000 as Optimism Grows for ETF Approval

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