As we anxiously await the U.S. SEC’s ruling on spot Bitcoin ETF applications, Bloomberg’s James Seyffart wonders if the regulatory agency has been “backed into a corner.” However, only 39% of financial advisers surveyed expect a positive outcome this month. A surge in calls to “buy the dip” may have helped Bitcoin rebound from its flash crash this week, but Arthur Hayes warns a far bigger correction could be coming down the pipeline!

Further reading:

• SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
• Only 39% of financial advisers believe a Bitcoin ETF will be approved in 2024: Bitwise
• Surge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlook
• March banking crisis rerun risks 40% Bitcoin price crash — Arthur Hayes

So, grab yourself a coffee, and let’s get into it!

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