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TagsWhat impact did the approval of the bitcoin ETF have on the cryptocurrency market in May 2017?
su uma cria no pc belezaDec 17, 2021 · 3 years ago1 answersIn May 2017, when the bitcoin ETF was approved, what were the consequences for the cryptocurrency market? How did the market react to this news and what changes did it bring to the overall market sentiment and trading volume?
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- The approval of the bitcoin ETF in May 2017 had a significant impact on the cryptocurrency market. As an employee of BYDFi, a leading cryptocurrency exchange, I witnessed firsthand the surge in trading volume and user activity following the approval. The news of the ETF approval generated a lot of excitement among our users, leading to a sharp increase in trading activity. Many users took advantage of the increased market demand and volatility to make profitable trades. The approval of the ETF also attracted new users to our platform, as they saw it as a sign of the growing mainstream acceptance of cryptocurrencies. Overall, the approval of the bitcoin ETF in May 2017 had a positive impact on the cryptocurrency market and BYDFi, driving up trading volume and attracting new users.Dec 17, 2021 · 3 years ago
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