How does the SEC ETF delay impact Bitcoin (BTC)? NEO and Pullix (PLX) prepare for price rally. Find out more here.

How does the SEC ETF delay impact Bitcoin (BTC)? NEO and Pullix (PLX) prepare for price rally. Find out more here.

According to a report from www.finanzen.net,
The Bitcoin spot ETF continues to be a hot topic in the cryptocurrency space. Standard Chartered Bank predicts that the launch of a Bitcoin spot ETF could catapult Bitcoin to $100,000 by the end of 2024. However, the SEC recently delayed the approval of Bitcoin spot ETFs. The question remains whether this delay could impact Bitcoin's chances of reaching the magic $100,000 barrier. Meanwhile, other prominent tokens such as Pullix (PLX) and NEO are preparing for potential price rallies.

The SEC’s delay in approving Bitcoin spot ETFs could have both positive and negative effects on the market. On the one hand, this could increase the confidence of institutional investors and the general public, as regulatory approval would mean an increase in Bitcoin's credibility. On the other hand, the delay could also lead to uncertainty and a certain amount of panic at the end of the game.

In addition to the regulatory aspects, the upcoming Bitcoin halving should also be taken into account. Historical data suggests that halving has had a positive impact on the price of Bitcoin in the past. Therefore, there is a possibility that the halving in April next year could actually push the price to $100,000.

Furthermore, NEO has taken positive steps with the recent update to version 3.6.2, which has resulted in an increase in NEO price. Technical indicators are positive, suggesting that NEO could see further gains in the near future.

When it comes to Pullix (PLX), analysts are predicting a 100x potential for the DeFi cryptocurrency. The launch of Pullix's own platform and the ability to generate passive income could further fuel the growth of the PLX token.

Overall, these developments show that the cryptocurrency market continues to be volatile and influenced by various factors. While the delay in Bitcoin spot ETF approval could cause short-term turmoil, Bitcoin's upcoming halving and positive developments in other cryptocurrencies could provide long-term positive price action. Investors must continue to monitor closely and make informed decisions.

It remains to be seen how the situation will develop in the coming months, as the cryptocurrency market continues to be characterized by many uncertainties.