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Hopes of an eventual BTC ETF approval and the rebound of a key support level pushed Bitcoin price well above the $40,000 level, but can the bulls sustain the current volume?
Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum's London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in a rally that propelled BTC's price 9% higher and caused Ether to gain 11.75%, which pushed the altcoin closer to the elusive $3,000 level.
Source is here! (https://cointelegraph.com/news/fresh-bitcoin-etf-hopes-back-btc-s-swift-rally-above-40-000?utm_content=bufferbc772&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer)
This is all what we are waiting and hoping for but then again the bulls could not be sure that it can sustain at this level so there is still a bigger chance that Bitcoin can go back to the level below $40,000. However, let's see who knows if Bitcoin can have some tricks hiding in its sleeves...