 | As ???? Bitcoin looks for a new home, trying to develop a new range where it might trade for the next few weeks, it is essential to note that we quickly wiped the same range we had captured with an incredible run after the news of BlackRock's ETF filing. ➡️ After the leg down, there was no exciting news, and the market made no progress in any direction. The industry is waiting for the outcomes of the deadlines regarding ETFs. A postponement to later deadlines, as is being heavily speculated, could weaken the bullish momentum that had sent us into the 31k area, putting new lows on the plate, given the absence of new catalysts in the short term. ???? The resolution of Grayscale vs. S.E.C was postponed one more time, officially becoming an "outlier" case, as it surpassed the classic 160-day resolution deadline. This possibly postpones the outcome to Tuesday, August 22, or Friday, August 25. DB news has even started tracking the Twitter of Bloomberg analyst James Seyffart since he is one of the main sources to follow on the topic ???? ???? The dates of the other Bitcoin ETFs: ???? Sept. 1 - Bitwise bitcoin ETF filing first deadline ???? Sept. 2 - iShares(BlackRock), VanEck, WisdomTree, Invesco and Wise Origin(Fidelity) bitcoin ETF filing first deadline ???? Sept. 4 - Valkyrie bitcoin ETF filing first deadline ???????? U.S. inflation data for August will be reported on Sept. 13, while the next FOMC event, which currently prices at 89% interest rates in the 5.25 to 5.50% range, will occur on Sept. 20. [link] [comments] |
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