Scores company Fitch downgraded the USA’ long-term credit standing from AAA to AA+ on Aug. 1, and this transfer dented the risk-on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2, and the cryptocurrency market’s restoration stalled in its tracks.
Nevertheless, after the knee-jerk response, the markets could quiet down. The cryptocurrency markets are prone to preserve their concentrate on the information and occasions surrounding the (BTC) spot exchange-traded fund (ETF) purposes. Bloomberg ETF analysts Eric Balchunas and James Seyffart stated in a press release that the potential for an ETF utility getting greenlighted has surged from 1% a few months in the past to 65%.
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