Edward Moya, senior market analyst at foreign exchange market maker Oanda, said the crypto market continues to focus on U.S. ETFs.
Until we get further news that we’re going to finish that ETF in the US, people won’t be that optimistic.
Smaller cryptocurrency firms have made some headway in finding banks that can help facilitate transactions, as Customers Bancorp has emerged as a winner in the demise of Signature Bank and Silvergate Capital Corp.
Bitcoin’s $29,500-$31,500 range is likely to hold until we get major headlines for the cryptocurrency.