The U.S. Securities and Exchange Commission (SEC) appears to be running out of excuses for its reluctance to approve the first Bitcoin exchange-traded fund (ETF) in the U.S. According to reports, several deadlines have been set for the agency’s Bitcoin ETF decisions in August and September, with the third deadline on September 2. This development has been met with speculation among traders regarding the Bitcoin ETF outcome. However, whichever way the decision goes, one thing is certain: it promises to be volatile, and Bitcoin might either rally as much as $35,000 or plummet to as low as $19,000.
Amidst this uncertainty, an emerging AI-inspired token, InQubeta, has taken the crypto market by surprise, raising over $2.4 million in presales. This article will explore the possible outlook for Bitcoin after the ETF outcome as well as the incredible moves being made by InQubeta.
InQubeta (QUBE): Astounding $2.4 million raised in presales by the new DeFi project
Amidst the uncertainty around Bitcoin and the general crypto market at large, InQubeta continues to surprise all with its bullish move. It recently reached a fundraising milestone, raising over $2.4 million. Its ability to attract investment reflects confidence in its unique offering and value propositions. This also makes it arguably the best crypto to invest in at the moment.
As a convergence between AI and blockchain, InQubeta is an altcoin to watch. It aims to build the first crowdfunding platform for AI startups through crypto on the blockchain. Its utility token, QUBE, will be used to crowdfund while fundraising activities will be held on its NFT marketplace. AI-based startups can raise funds by minting investment opportunities, which will be tokenized as equity-based NFTs. This novel fundraising model seeks to disrupt the conventional way of crowdfunding in the AI industry, thereby making it poised for adoption. At the same time, its utility token, QUBE, will witness strong demand, making it the best crypto to buy now.
Meanwhile, according to market experts, the token will soar by 30x in the coming months. The presale is currently in its third stage at $0.0112, and its explosive growth potential makes it a top crypto to buy.
Bitcoin’s (BTC) Dilemma: $35,000 or $19,000?
Bitcoin’s impact extends across the crypto landscape, establishing itself as a refuge for those seeking to safeguard their funds against inflation and other macroeconomic factors. However, despite its relevance, it has been facing stiff regulatory constraints, particularly in the US. An example is the SEC’s refusal to approve the first Bitcoin ETF, a financial product that tracks the price of Bitcoin and allows investors to buy shares of the ETF on stock exchanges.
Amidst several dismissals and refusals, the next decision on a Bitcoin ETF application will be reached on September 2nd, which will either be rejected or approved. This decision has the potential to have a significant impact on Bitcoin and the broader crypto market. As some are eagerly awaiting the launch of the first Bitcoin ETF in the U.S., others have gone ahead to make speculations. According to reports making the rounds, the approval of the first Bitcoin ETF in the US will likely see its price rally to up to $35,000 or plummet to as low as $19,000. Hence, the coming days promise volatility, which investors and traders should navigate carefully.
Conclusion
Amidst the uncertainty around the Bitcoin ETF outcome, traders speculate a surge to either $35,000 or a dip to $19,00, depending on the direction of the decision. At the same time, InQubeta, an AI-driven crypto, continues to stir excitement with its presale milestone, raising over $2.4 million so far. This incredible figure can be attributed to its strong fundamentals and the novel concept it introduces. With the token poised to soar, it represents one of the best cryptos to invest in now.