Bitcoin prices had been under pressure ever since the ETF approval had arrived. But just recently the prices of the OG-crypto currency have inched up to its $47,000 mark, sparking a positive sentiment among investors. However, Bloomberg in a report says that the Bitcoin price surge might not be enough for crypto markets to sustain.
FTX fall and altcoin pump-and-dump reflect unstable crypto market
According to Bloomberg, cryptocurrency investors currently believe that digital currencies are returning. After some prodding from the courts, the US Securities and Exchange Commission has finally approved Bitcoin exchange-traded funds. Rekindled investor interest in high-risk assets, including technology stocks, appears to have spilled over into tokens as well.
However, the experiences of cryptocurrency traders are not fully reflected in the pricing of a select few major coins,…
