BTC, SOL, AVAX, ALGO, AXS By Cointelegraph

© Reuters.

(BTC) continues to face sturdy promoting as bulls try to flip the psychological stage at $60,000 into help. Some analysts imagine that Bitcoin may enter a correction as merchants ebook earnings following the profitable launch of final week’s Bitcoin exchange-traded funds.

Prior to now, the launch of the product by the Chicago Mercantile Trade on Dec. 18, 2017, ended a powerful bull run and marked the beginning of a multi-year bear market. The same crash of a lesser magnitude was seen after the Coinbase IPO (NASDAQ:) on April 4, 2021. This implies that the outdated adage “purchase the rumor, promote the information” may very well be susceptible to repeating as soon as once more.

Crypto market information each day view. Supply: Coin360