After the last big rise in the cryptocurrency market, il Capo of Crypto, one of the most well-known analysts, talked about what he expects.
Almost all analysts and the market were expecting a rejection decision for Ethereum Spot ETFs, which had a decision deadline of May 23. Prices were suppressed due to this effect.
In a seriously surprising development today, Bloomberg analysts Eric Balchunas and James Seyffart stated in their statement that they received some information and increased the probability of approval of Ethereum Spot ETFs from 25% to 75%. Bloomberg analysts saw confirmation as unlikely, although their previous official estimate was 25%.
Now, there is a great sense of hope in the market and the market is on the rise.
Cryptocurrency analyst il Capo stated in his message that Bitcoin reached its target of between $69,000 and $70,000. Evaluating Ethereum, the analyst said that the $ 3,300 resistance was broken, which he described as bull confirmation.
il Capo stated that the rise started under the leadership of Ethereum and Solana and shared that he thought most altcoins would follow them.
*This is not investment advice.
