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š Listen Up, Bitcoin Bulls
This is the level you need to be watching if you're long.
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Happy Wednesday, Zingernation! Could a Ripple XRP ETF be the next ETF in line? It all depends on this one crucial factor.
Today, we look at what level Bitcoin bulls should watch like hawks, what is going on with Marathon Digital stock and more.
Plus, gain access to expert stock picks, actionable insights, and exclusive tools to help boost your portfolioās ROI.
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MARKET SNAPSHOT
TOP STORY
10x Research has not yet drawn a new āline in the sandā for Bitcoin.
But the analysts are cautious about the promised āUptoberā performance after a strong September.
"While the buy-and-hold strategy has historically been effective for U.S. stock indices and Bitcoin, there's no guarantee it will remain so," the analysts said.
Which level Bitcoin bulls should watch?
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QUICK N DIRTY
Bitcoin is the digital gold (they say) but analogue gold has been doing much better recently, cracking ATHs for fun. Hereās when Bitcoin could finally catch up.
Ripple may be next in line for an ETF after Bitwise Asset Management filed an application. But the SEC is in the way and this one crucial factor could decide it.
Bitcoin was soo ready for āUptoberā but so far thatās not going so well. No surprise, says a prominent analyst, who thinks the election is in the way.
FINTECH FOCUS
Marathon Digital released a production and mining operations update on Wednesday.
It mined 705 Bitcoin in September, up 5% from August.
The company's total Bitcoin holdings were 26,842 at the end of the month after opting not to sell any Bitcoin in September.
CEO Fred Thiel commented on the results in a statement:
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