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Cryptocurrencies Price Prediction: Stacks, PancakeSwap & Bitcoin ETF – American Wrap 8 January

Cryptocurrencies Price Prediction: Stacks, PancakeSwap & Bitcoin ETF – American Wrap 8 January
FXStreet TeamFXStreet TeamFXStreet

Stacks price could trigger 25% rally ahead of Bitcoin spot ETF approval this week

Stacks (STX) price shows strength despite the market slump in the New York trading session on Sunday. One of the reasons could be that Bitcoin-related altcoins like Bitcoin Cash, Bitcoin SV and others are going to see demand due to the upcoming ETF approval.
STX/USDT 4-hour chart
PancakeSwap (CAKE), the token of a decentralized exchange platform, failed to recover from its slump despite the recent developments in the project’s ecosystem. The DEXes futures trading on Arbitrum hit a key milestone alongside a massive token burn by the exchange platform.
CAKE
Bitcoin Spot ETFs are likely to receive the US financial regulator’s approval as early as this week, according to a Bloomberg report. BTC holders are awaiting the Securities and Exchange Commission’s (SEC) greenlight on the securities product with the upcoming deadline on January 10.
S-1 filings
 

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