Markus Thielen, research head at crypto services provider Matrixport, explained in an interview Monday with CoinDeskTV that BTC enjoys more “potential buying pressure” from the ETF listings, while alternative cryptocurrencies – also known as altcoins – may be on the brink of breaking lower. He noted bankrupt exchange FTX’s token sales, declining Ethereum protocol revenues and upcoming token unlocks – which allow venture capital investors to sell tokens – among risks on the altcoin market.
This news is republished from another source.
