The Reasons Behind The Bitcoin Price Crash To $68,000

In an X post, crypto pundit Ash Crypto outlined four reasons for the Bitcoin price crash to $68,000. First, the crypto pundit mentioned Israel-Iran, with reports that Iran was planning to attack Israel. The disappointing earnings that tech giants Microsoft and Meta recorded for Q3 is the second reason the crypto pundit for the Bitcoin price crash.

The third reason for the Bitcoin price crash is the rising bond yield, with the 10-year note now trading above 4.3%. Lastly, the crypto pundit mentioned the rising Personal Consumption Expenditures (PCE) Price Index as another reason for the Bitcoin price crash. He noted that such development could make the US Federal Reserve take a hawkish stance. Despite the Bitcoin price crash, the crypto pundit is confident that BTC will close November above $80,000.

The ETFSwap (ETFS) Token Will Rise 5,600% In Three Weeks

With the Bitcoin price set to close November above $80,000, a crypto pundit has predicted that the ETFSwap (ETFS) token will rise 5,600% from its current price of $0.05769 in three weeks. This timeline coincides with when the ETFSwap beta platform is expected to launch, which also provides a bullish outlook for the ETFS token.

ETFSwap (ETFS) will easily enjoy such a massive rally as the crypto pundit predicted because investors will rush to buy the token to access the tokenized exchange-traded funds (ETFs) on ETFSwap when the beta platform launches. This demand for the platform is already evident, as millions of coins have been bought during the token’s ongoing crypto presale.

The ETFSwap (ETFS) token will unlock other exciting offerings on the ETFSwap platform once the beta version goes live. For instance, investors will be able to use the token to invest in crypto assets and other commodities on the platform, including gold, silver, rubber, crude oil, and cotton, among others.

This makes portfolio diversification much easier since investors will be able to gain exposure to several asset classes all in one place. The ease and convenience of investing on the decentralized finance (DeFi) platform will attract many investors. The platform’s Know-Your-Customer (KYC) requirements are non-mandatory, meaning investors can start investing quickly.

Investing in the DeFi platform is also more cost-effective than centralized trading platforms since there are no hidden charges on the blockchain. ETFSwap (ETFS) holders even enjoy reduced costs when investing or trading on the platform, allowing them to spend as little as possible while trying to attain financial freedom.

The ETFSwap (ETFS) token is also the key to unlocking other opportunities on the decentralized trading platform, which can grant these investors financial freedom. For example, they can use the token to trade ETF perpetuals. This trading feature allows investors enable investors to hedge against their investment in the underlying assets, so it is a win-win scenario for them.

Token holders also get first access to exclusive investment opportunities like the platform’s ETF, which is set to launch next year. The ETF launch is strategic as it will allow investors to further maximize their gains at the peak of this market cycle.

Conclusion

With the Bitcoin price set to rise above $80,000 in November, ETFSwap (ETFS) could be primed to enjoy a parabolic rally. Investors who have yet to position themselves for these life-changing gains can still do so, with the bonus round of the ETFSwap (ETFS) presale currently ongoing.

For more information on ETFSwap and its presale:

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.