Cryptos bounced this week after undergoing a correction in September. Though we hold a bullish intraday view, the possibility of a pullback looms.
The SEC approved the Volt Equity ETF, causing cryptos to rally. Besides, JP Morgan analysts said that investors now have a renewed interest in Bitcoin as an inflation hedge, adding more fuel to the rally.
However, cryptos are a volatile asset, and Shiba Inu exemplified that as it lost 40% after the market entered the fifth wave.