Bitcoin

In a recent <a href="https://www.youtube.com/watch?v&#61;L2qfLdg2UKM" rel="noopener noreferrer nofollow">YouTube video</a>, Crypto Analyst Michaël van de Poppe discussed the potential implications of regulatory developments on Bitcoin and the cryptocurrency market at large. He also touched upon the recent performance of altcoins like Litecoin and Bitcoin Cash.The video&#39;s primary focus was the recent news that most <a href="https://www.wsj.com/articles/sec-says-spot-bitcoin-etf-filings-are-inadequate-390336e8" rel="noopener noreferrer nofollow">Bitcoin spot ETF filings</a> were deemed inadequate by the Securities and Exchange Commission (SEC). Despite the negative headline, Van de Poppe argued that the news is not as bad as it appears. The SEC&#39;s main issue was that the filings did not specify the exchange they would use for the ETF, which is an easy fix.According to the crypto influencer, this response from SEC implies that they are actively reviewing these filings, which could hint towards an earlier ETF approval than next year. This, in turn, could stimulate the markets even more.Van de Poppe also highlighted the performance of altcoins, particularly Bitcoin Cash and Litecoin. Their recent strong performance in the markets could be attributed to two reasons. First is Litecoin&#39;s upcoming <a href="https://www.nicehash.com/countdown/ltc-halving-2023-08-06-11-00" rel="noopener noreferrer nofollow">halving event</a>, which tends to spur price action. Secondly, the <a href="https://www.bloomberg.com/news/articles/2023-06-20/crypto-exchange-backed-by-citadel-securities-fidelity-goes-live" rel="noopener noreferrer nofollow">EDX </a>Exchange, backed by two prominent financial institutions, Fidelity and Citadel, plans to start trading Bitcoin Cash, Litecoin, Ethereum, and Bitcoin. Notably, if these assets are incorporated, they would not be categorized as securities, which is positive news that could drive the value of these coins higher.Read full article at <a href="https://cryptotale.org/bitcoin-etfs-face-sec-hurdles-altcoins-surge-with-potential-bullish-outlook/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin ETFs Face SEC Hurdles: Altcoins Surge with Potential Bullish Outlook

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