Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-soars-and-etf-performance-shines-as-analysts-predict-potential-surge/" data-wpel-link="internal">Bitcoin Soars and ETF Performance Shines as Analysts Predict Potential Surge</a> 
Bitcoin (BTC) , the largest <a href="https://en.coin-turk.com/the-rise-of-cryptocurrencies-following-the-fomc-meeting/" data-wpel-link="internal">cryptocurrency</a> by market value, rose from $54,800 to $58,088 in the last 24 hours. As this article was being prepared, the US markets opened and the gains are slowly reverting. Beyond the charts, we will <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">review</a> assessments by three different analysts who discussed Bitcoin’s (BTC) performance regarding ETFs and volatility. 
<h2 style="text-align: justify" id="bitcoin-btc-etf-performance">Bitcoin (BTC) ETF Performance</h2> 
The analyst known as Quinten, who is popular in the cryptocurrency markets, is closely monitoring this area. However, his focus isn’t on the price chart. The renowned analyst who tracks the performance of ETFs shares a noteworthy detail here. When comparing BTC ETFs with those introduced in the US market throughout 2024, BTC is a clear winner. 
Among 430 ETFs approved by the SEC, Bitcoin ETFs are in the top 35. In the ranking based on investor entries, BTC ETFs (BlackRock, Fidelity, ARK &amp; 21 Shares, and Bitwise) are in the top four. Quinten is extremely pleased with this data, which shows that Bitcoin is strongly embraced by institutional <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387890 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/spot-Bitcoin-ETF-2024-birincisi.jpg" alt="" width="740" height="907"> 
<h2 style="text-align: justify" id="bitcoin-surge-may-begin">Bitcoin Surge May Begin</h2> 
The cryptocurrency markets have been experiencing troublesome movements for two quarters. Although this is a long period, it should reverse now. So, why do we say this? The on-chain chart shared by Mister Crypto indicates that the capitulation period is over. The negative period in the markets might be ending. 
<blockquote> 
 “Congratulations, you have almost survived the longest Bitcoin capitulation period. However, many will call the next wave ‘luck’.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387891 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/bitcoin-dususu-bitmis-olabilri.jpg" alt="" width="2154" height="1298"> 
If the analyst is correct, we will once again see that this is not luck in the light of historical data. Kyledoops points out that the 30-day volatility for BTC has climbed to 70%. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387892 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/btc-30-gunluk-volatilite.jpg" alt="" width="1080" height="675"> 
<blockquote> 
 “The September volatility is unusual, as Bitcoin’s 30-day volatility has risen to 70%, nearing March’s peak. This increase is significant, as September usually sees calmer movements compared to the first quarter.” 
</blockquote> 
Major events that trigger fluctuations on the macroeconomic front significantly contribute to this increase. With the Fed meeting and the reduced concerns about the direction of the economy, the negative volatility balances, paving the way for a rise. 
The post <a href="https://en.coin-turk.com/bitcoin-soars-and-etf-performance-shines-as-analysts-predict-potential-surge/" data-wpel-link="internal">Bitcoin Soars and ETF Performance Shines as Analysts Predict Potential Surge</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Soars and ETF Performance Shines as Analysts Predict Potential Surge

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