Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked a newfound influx of bullish sentiment, in spite of the ostensibly bearish news.
Related Reading: 58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund
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