Development in the cryptomarkt: Ripple-Sieg and Bitcoin ETFs let prices rise, while Binance integrates the Lightning Network and the BTC20 token starts

Development in the cryptomarkt: Ripple-Sieg and Bitcoin ETFs let prices rise, while Binance integrates the Lightning Network and the BTC20 token starts

The past week was very eventful for crypto investors. The victory of Ripple (XRP) against the US stock exchange supervision SEC led to a course jump in most old coins, and the Bitcoin course also reached a new annual high. But above all, the approved applications for Bitcoin ETFs in the United States and Europe that could continue to drive up Bitcoin. The first BTC ETF in Europe will start this month, while a long examination process is imminent in the United States.

The decisions of the SEC are very contradictory. In June, she was both against Binance and against Coinbase, while Blackrock's application was approved for a Bitcoin ETF in July, in which Coinbase should act as a partner. The course slide, which was triggered by the lawsuits against the largest crypto bonds, has now been forgotten. Bitcoin near the annual high at around $ 30,300 and other positive news could lead to new highs this year. However, it is important to note that Blackrock's application does not mean that Bitcoin will be accessible to the wide mass this year. It will take months for the SEC to complete its exam.

Developments related to Bitcoin will be the focus of investors in the coming weeks and months. If Bitcoin can be traded on traditional stock exchanges, the entire crypto industry could benefit from it, since investors no longer have to worry about crypto exchange and wallets. Bitcoin has won more and more in the past few years, and since the Bullrun 2021, most people have heard of it and can roughly imagine what Bitcoin is. But many are still unsure of investing in crypto due to the complexity and uncertainties related to wallets and crypto bonds. However, this could change soon.

The integration of the Lightning Network on Binance comes at the right time. In the past, there have often been high fees and long waiting times for Bitcoin transactions. The Lightning Network enables quick transactions to minimal fees. Binance customers can now also use this service, and it can be expected that other crypto bonds will follow in the future.

Overall, the developments on the cryptom market are very Bullish, even if there can still be short -term burglaries, especially in connection with the investigation against Binance. Rising Bitcoin prices usually have a positive effect on the rest of the market. In times when the Bitcoin course consolidates, many investors look around for alternatives. Not every coin has the potential to become the next Bitcoin, but to make high profits of over 1,000 %, this is not necessary.

With BTC20, a promising coin comes onto the market that combines the advantages of Bitcoin and Ethereum. It is a Bitcoin token with the ERC20 standard from Ethereum. BTC20 enables investors to buy Bitcoin at the 2011 price. The BTC20 token has a staking function in which investors can stake their tokens and thus earn passive income. The more BTC20 is started, the higher the passive income. The idea of ​​launching a Bitcoin on the Ethereum blockchain is very attractive and could lead to rising prices.

The advance sale of the BTC20 token is already running and enables everyone who missed their chance at that time to get in again at a low price. After the launch and the listing of various crypto bonds, the BTC20 token should attract the attention of investors and possibly lead to rapid prices.

Overall, the prospects for the Bullish cryptom market, and analysts predict a further increase in the Bitcoin course. The BTC20 token could be a promising newcomer and, in the long term, deliver even higher profits. However, it should be noted that investments in cryptocurrencies are speculative and that capital is endangered. Everyone should carry out their own Due Diligence before investing.

About the author: Manuel Lippitz is an entrepreneur and investor. He has been focusing on investing in various assets for several years. With the commissioning of his own mining stations in 2020, he also specializes in cryptocurrencies and NFTS.