Are Bitcoin and Ether ETFs Setting the Stage for a New Crypto Crash in the USA?

Bitcoin and Ether ETFs: Are the USA Laying the Foundation for a New Crypto Crash?

The financial portal manager magazin raises concerns about whether the United States is setting up conditions that could lead to another crypto crash. The article highlights criticism from Gary Gensler, head of the US Securities and Exchange Commission (SEC), who has been vocal against cryptocurrencies. This skepticism comes amid increasing popularity of Bitcoin and Ether-based ETFs in the market.

The Crypto Column: Why Bitcoin's Price Could Soar Even Higher

According to Wallstreet:Online, macroeconomic factors suggest that Bitcoin’s bull run might not only continue but also reach new heights by autumn 2024. Despite recent volatility, signs indicate an expansion of liquidity which remains crucial for further rallies in risk-on assets like Bitcoin. Analysts believe this increased liquidity will drive markets higher as central banks around the world ease monetary policies.

Pierre Poilievre Supports Bill to Ban Central Bank Digital Currency in Canada

No details are available regarding Pierre Poilievre's support for banning digital currencies issued by central banks in Canada according to Bitcoin Nachrichten.

Bitcoin Under Pressure: U.S Government Transaction Raises Questions

DER AKTIONÄR reports on data from Arkham Intelligence showing that the U.S. government transferred 10,000 Bitcoins worth nearly $594 million into a Coinbase wallet. Market observers worry this move may signal an impending drop in Bitcoin prices or simply reflect Coinbase Prime being chosen as a partner for asset protection and trading by the government.

Crypto News: Will Central Banks Push Bitcoin Over $100,000?

A report on finanzen.net discusses how global central bank actions could potentially push Bitcoin beyond $100,000 USD. Experts argue that ongoing monetary easing measures worldwide create favorable conditions for significant price increases in cryptocurrency markets. Historical trends show substantial gains during similar periods of high liquidity driven by expansive fiscal policies.

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Article Summary

The articles discuss concerns about a potential crypto crash due to the rise of Bitcoin and Ether ETFs in the USA, while also highlighting factors that could drive Bitcoin's price higher. Additionally, there are reports on Pierre Poilievre’s support for banning central bank digital currencies in Canada, U.S. government transactions affecting Bitcoin prices, and how global monetary policies might push Bitcoin over $100,000.