BTC pumps up after the news of ETF approval by SEC

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Hello lovely people of Hive and leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, news play a vital role in business world. Same rules applied on crypto world. One good news may pump the market and one bad news dump the market.So, it is important to keep eyes on news and event in crypto market.



source

Crypto market pumped after the rumours of BTC ETF accepted by SEC. In no time BTC price touched the $30,000 worth. Alt coins also observed gain in price as a result market gained 5% worth. Although the king of coin BTC unable to maintain its worth after knowing it is not the final verdict and thing is still under consideration. Spreading of this news has already pumped up the market. Hopefully, final approval by SEC will help to pump up the market. Let's see the final outcomes.

Crypto currency which was under immense pressure due to long bearish season is still growing. Recently Italian based Ferrari had accepted cryptocurrency as a payment. Currently offer is only for US customers but hopefully it will spread to other countries as well in near future. Acceptance of crypto currency by Ferrari, USA reveals the power of crypto currency. The way crypto currency is adopting world wide, it is difficult to negate the importance of crypto currency. There is huge possibility at one day it will replace fiat currency. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.


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9 comments
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That was actually a massive pump up in BTC

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Hope ferrari will keep on accepting BTC and would do what Elon Musk did 🫥

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It was a fake news but we still see the market showing a pump of $3000. And when this actual news comes we will see how much higher the market will go and now the good thing is that Bitcoin is trying to establish itself above 28500.

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It just shows the power of fake news and how users can make money based on fake news

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