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GBTC Unlocks Spells Doom For Bitcoin? Expert Breaks It Down

Bitcoin has been moving sideways as the rest of the crypto market, especially Ethereum and the DeFi sector, show strength. The first cryptocurrency by market cap needs to make a decisive move to break out of its current range but could face downside in the short term, some recent reports claim. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview Banking giant JP Morgan released a report written by its strategists Nikolaos Panigirtzoglou on the alleged bearish signals caused by the coming Grayscale Bitcoin Trust (GBTC) shares unlocking. The analyst expects this event to be a headwind for Bitcoin during July.

Vencen acciones por 16 000 bitcoins en fondo de Grayscale: ¿qué puede pasar?

Vencen acciones por 16.000 bitcoins en fondo de Grayscale: ¿qué puede pasar? 5 min de lectura Las acciones del Grayscale Bitcoin Trust que se desbloquean pueden alterar el precio de bitcoin. Composición por CriptoNoticias Fuentes: Johnstocker / elements.envato.com ; pngegg.com ; grayscale . La demanda de BTC podría verse afectada por el bajo precio de las acciones. En julio, se desbloquearán acciones equivalentes a 16.000 bitcoins (BTC) del fondo Grayscale Bitcoin Trust (GBTC) de la gestora de inversiones en criptomonedas homónima. Como consecuencia, el analista de mercados Willy Woo explica que pueden darse dos tendencias, una alcista y otra bajista, aunque él se inclina porque la primera se dará «de manera inmediata».

Bitcoin whales go on buying spree despite Grayscale unlockings

Bitcoin whales go on buying spree despite Grayscale unlockings
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