Fresh Bitcoin ETF pushes rally above $40,000

[TomPluz]

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!


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...