From CNBC:

Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a dip Sunday night because of market concern over the potential approval or denial of the US’s first Bitcoin exchange-traded fund (ETF). Most applicants are expected to receive approval, and the final S-1 documents from the asset managers are due on Monday. Meanwhile, Siacoin, Bitget Token, and Stacks are among the top gainers within the last 24 hours. The global crypto market cap currently stands at $1.66 trillion, which is a 4.80% decrease.

U.S. stock futures showed little change Sunday night, and congressional leaders announced a deal on a $1.59 trillion top-line spending to prevent a potential government shutdown. Analyst Michael Van de Poppe predicts that the Bitcoin ETF will significantly impact crypto markets, with $30-60 billion in liquidity flowing into the markets. In addition, it is expected that the Bitcoin ETF will cause significant volatility in Bitcoin’s market.

Analyst PlanB predicts a 10x price surge for Bitcoin. In general, as we near ETF week, brace for significant volatility in the Bitcoin market, with alternative cryptocurrencies being influenced by its movements. Meanwhile, data from Santiment shows that Bitcoin is mildly declining, and there may be some volatility ahead, with whale transactions hitting their highest level since June 12, 2022.



Read more: Bitcoin, Ethereum, Dogecoin Drop As ETF Decision Deadline Nears: Analyst Predicts ‘Nice 10x’ For Apex Crypto On Bullish Indicators