As positive sentiment and FOMO push Bitcoin and altcoins prices to a year-high, crypto traders focus on major events this week for another rally. After the CPI and the PCE data revealed cooling inflation, the U.S. Federal Open Market Committee (FOMC) to decide if further interest rate hikes are needed or go with another “pause.”
Crypto Traders Set Eyes On Fed Rate Decision
All eyes are on ...
Hopes of approval for a spot Bitcoin BTC $34,271 exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get regulatory consent in the U.S...
VanEck, a well-known asset management firm, has now joined the growing bandwagon by updating its Bitcoin spot Exchange Traded Fund (ETF) filing with the Securities and Exchange Commission (SEC).
VanEck Doubles Down on Spot Bitcoin ETF Efforts
VanEck has been a prominent player in the asset management industry for decades. The company has a history of offering investment products to a wide ...
Bitcoin BTC $34,204 institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.Data from resources, including Bloomberg, showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.BITO, GBTC trade $2.5 billion Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ...
Outcome from the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023 could likely have a minor impact on the stock prices and the Bitcoin BTC price. Yet, it is the subsequent comments on the US economic outlook in Fed Chair Jerome Powell speech that holds key for a potential market moving indication for traders.
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Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s largest creditors, which means its customers’ repayment success is tied to FTX’...
Mike Novogratz’s crypto investment firm Galaxy Digital made several bullish statements on crypto recently, with CEO Novogratz also strongly believing that the U.S. SEC will approve a spot Bitcoin ETF this year. On-chain data platform reports that Galaxy Digital is going long on Bitcoin and Ethereum on decentralized lending platforms Aave and Compound.
Galaxy Digital Is Long On Bitcoin, Eth...
Bitcoin bulls strongly hold above $34,000 despite macro, expiry, and month’s end pressures. Traders are predicting whether the rally will continue or wane, as they seek to gauge the market direction amid a bullish rally. BTC price is mostly moving in the $34,100-$34,900 range this week after a 30% rally this month.
Bitcoin Price May Witness Retracement: CryptoQuant
CryptoQuant research hea...
Attorney John Deaton, who represents around 75,000 XRP holders in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC), is gearing up for oral arguments on behalf of individual customers on January 17, 2024, when crypto exchange Coinbase’s motion for judgment comes before the court.
Also Read: Ethereum Price Prediction: ETH Rally Hits Pause Ahead Of Imminent Dencun ...
The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, Vice Chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference, where his English colleague Sir Jon Cunliffe made his last speech as deputy governor of the Bank of England (BOE).The Fed’s research is currently focused on “end-to-end system architecture,” such as ledge...
