Spot Bitcoin ETF news driving prices, Chainlink, Meme Moguls, and XRP may benefit
In recent months, the crypto world has been closely tracking news about spot Bitcoin ETFs. In October, fake news about the Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF sparked a rally in Bitcoin and altcoins. Based on this, analysts expect Chainlink (LINK), Meme Moguls (MGLS), and XRP to rally from future news about Bitcoin Spot ETFs. Chainlink traders bullish LINK peaked at $16 on Nov. 9, but bears flew back, pressing prices lower. Despite this, on-chain data indicates that LINK holders are optimistic. The number of active Chainlink addresses surged to 9,630, the highest in 2023, and has remained above 5,000 addresses. Meanwhile, LINK has support at $14. As of Nov. 15, the token was trading at $15.06, up 5%. Its market cap and trading volume are also up 5.5% and 12.9%, respectively. LINK prices have recorded 20 green days in the past month, adding 22.22%. Coincodex forecasts LINK to rise by 3.77% t...