The price of Bitcoin should logically Undergo a correction one spot Bitcoin ETFs are approved according to one Analyst but commentators also concede That crypto is a wild card Bitcoin has Been gaining momentum over the last 11 Months with a jump in March amid banking Uncertainty another spike in June when Black Rock filed for a spot Bitcoin ETF And again in October similarly due to Optimism over spot Bitcoin ETF approvals On December 3rd Bitcoin cleared the $40,000 Mark its highest level in 19 Months James Edwards a cryptocurrency Analyst at finder said that logically The approval of a spot Bitcoin ETF Should trigger a sell-off event the idea That this is going to lead to widespread Institutional buying on day one is a bit Too optimistic explained Edwards adding That it is unlikely fund managers will Ape in the moment it goes live it could Be months if not years before we see Truly groundbreaking inflows he added For all the latest crypto news and Updates subscribe to the official coin Telegraph YouTube channel
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Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.