© Reuters. Rankings agency Fitch downgraded the US’ long-term credit score ranking from AAA to AA+ on Aug. 1, and this go dented the danger-on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2, and the cryptocurrency market’s restoration stalled in its tracks.
On the opposite hand, after the knee-jerk response, the markets may restful down. The cryptocurrency markets have a tendency to shield their focal point on the news and events surrounding the Bitcoin (BTC) location commerce-traded fund (ETF) applications. Bloomberg ETF analysts Eric Balchunas and James Seyffart talked about in a commentary that the likely of an ETF software program getting greenlighted has surged from 1% just a few months prior to now to 65%.
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