Mike Novogratz, CEO of crypto asset management company Galaxy Digital, said that the Bitcoin spot ETF is expected to receive approval from the U.S. Securities and Exchange Commission (SEC) this year. Novogratz believes the constructive discussion between Bitcoin ETF issuers and the SEC indicates a likelihood of a spot Bitcoin ETF approval soon.
Mike Novogratz Says Spot Bitcoin ETF Coming T...
Despite the recent recoiling of the Bitcoin price after the fake news of spot Bitcoin ETF approval, BTC is still holding strong in comparison to the rest of the crypto market. At press time, the BTC price is up by 1.9% trading above $28,700.
However, the Bitcoin price is likely to rally further considering the huge USDT accumulation by top Tether wallets.
Strong USDT Accumulation
As per...
Sudden spike in Bitcoin price on Monday as fake spot Bitcoin ETF approval news surfaced has continued to baffle the crypto community. Bitcoin’s whirlwind featured an abrupt surge to $30,000, triggered by rumors of the SEC approving Blackrock’s iShares Bitcoin spot ETF. However, this excitement quickly turned to disappointment as Blackrock denied the claims, sending Bitcoin plummeting back ...
Bitcoin BTC $28,459 is destined to hit $128,000 or more by the end of 2025, multiple analytics models suggest.Uploading his latest BTC price estimates to X (formerly Twitter) on Oct. 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000.Multiple BTC price forecasts converge on $130,000 in 2025Bitcoin market participants are diverging over how BTC price behavior will respond to next year’s block subsidy hal...
Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users....
On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin BTC $28,387 if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but the two conspiring to suppress BTC price, versus actually doing it are two different things. While there are no detail...
Ark Invest CEO Cathie Wood has expressed optimism about the potential approval of a Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). During an interview with CNBC’s “Halftime Report” host today, Wood highlighted the growing optimism within the crypto community regarding Bitcoin ETFs.
Anticipating Multiple Bitcoin ETF Approvals
The businesswoman began...
Bitcoin price continues to show exemplary stability above $30,000. The pioneer cryptocurrency hit a 12-month high late last week at $31,468 but stalled to allow for consolidation.
Many market watchers expected BTC to retrace and retest support at $28,000, but the enhanced market structure bolstered by a sudden rise in interest from institutional investors has ensured Bitcoin price upholds ...
The recent Bitcoin (BTC) purchase by business intelligence company MicroStrategy has sparked a lot of concerns amongst crypto community members.
The Consistent MicroStrategy Buyups
The world’s largest a Wall Street BTC holder bought another round of Bitcoin worth $340 million today. Each unit of the token was acquired at an average price of $28,136 and MicroStrategy bagged 12,333 units. T...
Crypto Market News: US Federal Reserve Chairman Jerome Powell on Wednesday commented about the central bank’s approach to the monetary policy, in the context of traders anticipating an interest rate hike in the July meeting. The Fed Chair warned that there was strong possibility of two more rate hikes before the end of 2023. Meanwhile, Bitcoin price jumped slightly whereas the S&P 500 ...
