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Cryptocurrencies
20 Oct
cohete bitcoin
Analysts divided on Bitcoin after US ETF: $70,000, $100,000 or profit-taking

Bitcoin's meteoric rise to more than 40% in October, possibly leading to a record high in April, could lead to widespread profit-taking if the stock market maxim of "buy on the rumor, sell on the news" holds true. Bitcoin´s first US ETF debut represents a historical moment for the digital asset and the cryptocurrency market. In addition, market consensus points to this fact as one of the main causes for this month's rally. The big question now is whether investors will continue to stretch the price above $65,000 or whether they will take advantage of any small bump the ProShares fund experiences to dive for profit-taking.