The crypto world was sent into a bullish frenzy as soon as the official news of the spot Bitcoin (BTC) ETF’s approval was confirmed on January 10th. This caused momentary surges in price across Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) shortly thereafter. However, since then, whales and institutions “sold the news,” triggering a massive selloff. However, that hasn’t changed the bullish outlook for new presale sensation Pushd (PUSHD)—which has already drawn over 14,000 presale investors in just two weeks.
Bitcoin (BTC) Crashes Below $42k After ETF Approval
What was arguably the most highly-anticipated development in crypto came and went over like a fart in church after the US Securities and Exchange Commission finally approved a number of spot Bitcoin ETFs. BTC prices soared to over $49,000 to below the $41,500 mark within 72 hours after. This gave credence to bearish speculation that the hype surrounding the ETF approval was, in fact, a “buy the rumor, sell the news” type of deal all along, and that the ETF approval was already priced in. The institutional money that retail BTC holders were counting on to deliver a godlike green candle post-ETF approval ended up dumping on them—bigly.
Ethereum (ETH) Outperforms Bitcoin (BTC) by 13% Post-ETF Approval
Strangely enough, Ethereum (ETH) ended up the biggest beneficiary of the ETF approval news, with ETH prices surging 13% in the 48 hours after the news broke. ETH prices hit their highest levels since May 2022 by surging to $2,700 last week, before retracing to $2,500 where it currently sits. The prospect of the arrival of a spot Ethereum ETF does give ETH holders something to look forward to.
Cardano (ADA) Pumps Amid ETF Speculation
Not to be outdone, Cardano (ADA) saw its ADA token pump to $0.61 after the approval of the Bitcoin (BTC) ETF. However, like most altcoins that experienced a price increase, Cardano (ADA) prices corrected to the $0.52 mark amid profit-taking by longtime Cardano (ADA) holders. As at press time, Cardano (ADA) token prices were trading at $0.53, enduring a bearish start to the year after Cardano (ADA) tokens recorded a -14% loss in the past two weeks.
Pushd (PUSHD) Presale Continues Epic Run with 14,000+ Registrants Signing Up in 2 Weeks
Pushd (PUSHD) couldn’t have timed its presale launch any better. With the market riding a wave of bullish sentiment ahead of the Bitcoin (BTC) halving and bull market cycle expected in April 2024 onwards, market analysts believe its native PUSHD token has all the momentum to do a 20x in 2024. This is further supported by over 14,000 presale registrants signing up and has entered stage 3 of the launch.
Pushd is building the premier decentralized solution to Web2 ecommerce platforms like Amazon and eBay, combining their best qualities and none of their disadvantages. That means a blockchain-based online marketplace without the hassles of KYC and countless exorbitant fees. Another factor that is driving the interest in Pushd (PUSHD) is that holders will be able to generate passive income through staking, yield farming, and a guaranteed revenue share on platform fees raised by the Pushd marketplace.
For astute investors seeking exponential growth, Pushd is by far the best presale investment opportunity of 2024, poised to transform your portfolio. Seize the chance to be at the forefront of a project meticulously engineered to deliver parabolic gains.
Find out more about the Pushd presale at their official website.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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Source: thinkbitcoins