Bitcoin ETFs Can Enhance the Reputation of Cryptocurrencies, Says Brighty App Co-Founder

Azeez Mustapha

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Bitcoin ETFs Can Enhance the Reputation of Cryptocurrencies co-founder, and CTO of Brighty App. Citing Blackrock CEO Larry Fink’s influence, Denisenko expressed optimism about Bitcoin ETF approval by the SEC. He believes that major players’ endorsement of Bitcoin ETFs could bring credibility and attract more investors to the crypto market.

Denisenko also discussed the benefits and concerns associated with the digital pound (Britcoin) proposal, emphasizing easy conversions and faster, secure cross-border transactions, but also addressing privacy, security, and development cost concerns.


Additionally, Denisenko discussed the evolving fintech ecosystem in the U.K., focusing on innovation, government support, and regulatory compliance. He mentioned the growth of Revolut and the challenges in aligning operational capabilities with expansion.

Bitcoin successfully surpassed previous resistance levels, turning them into support levels this year. However, Bitcoin faces challenges breaking through the supply level of 31,035. The Parabolic SAR indicator indicates a tight contest at the resistance zone, suggesting a potential pullback to the previous resistance level of 28,500, offering support for possible further upward movement.

Bitcoin ETFs Can Enhance the Reputation of Cryptocurrencies, Says Brighty App Co-FounderBitcoin Key Levels

Supply Levels: 31,050.0, 32,000.0, 36,000.0
Demand Levels: 28,500.0, 25,300.0, 20,400.0

Total Market Capitalization: $1.2T
BTC Market Capitalization: $585.0B
BTC Volume: $13B
Market Rank: #1

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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