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â— According to Fidelity, Bitcoin’s stagnation is a short-term ‘Hangover’ of investor sentiment post BTC ETF.
â— Meanwhile, several coins, including Sei, are pushing for an altseason breakout.
â— NuggetRush has tapped from this bullish momentum, setting the pace for a 25x surge in Q1.
Since the SEC decision on Bitcoin ETF, the price of BTC has declined, raising concerns from investors. Speaking on the trend, Fidelity’s Director of Global Macro, Jurrien Timmer, has said that it is only a short-term positioning adjustment from investors.
Sei (SEI) has been very bullish in a contrasting trend, surging by more than 230% in just 30 days. NuggetRush (NUGX) is also one of the top altcoins that have been building a head of steam ahead of a potential 25x price surge.
Bitcoin’s (BTC) Stagnation is Only Short Term: Fidelity
Since the SEC approved several spot Bitcoin ETFs, the leading cryptocurrency’s price has tumbled by 7%. As a result, Bitcoin has stagnated under the $43,000 level for over a week. While several investors have raised concerns, Fidelity’s Director of Global Macro, JurrienTimmer, isn’t worried.
Jurrien Timmer explained in a recent X post that stagnation is only short-term rather than a long-term trend reversal, as suggested by some market experts. In addition, Timmer doesn’t see the sell-off for Bitcoin continuing much longer.
Though he acknowledged that it might take some time to materialize, he expressed confidence about Bitcoin’s longer-term prospects. He also noted that the ETF approval represents a new chapter in the widespread use of Bitcoin as a commodity currency.
NuggetRush (NUGX) Gains Massive Momentum Ahead of Rally
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Author: Crypto Daily
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