Bitcoin ETF News: Bitcoin (BTC), the world’s largest cryptocurrency regained the crucial $30k price level as investment management giants like BlackRock moved ahead to register for the spot BTC Exchange Traded Fund (ETF). However, experts familiar with the matter suggest that BlackRock’s request is likely to get approval from the U.S. Securities and Exchange Commission (SEC).
Also Read: XR...
Crypto Market News: In the wake of the recent interest from mainstream players in Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) trading volume saw an uptick. Meanwhile, experts suggest that it may not be too long before the U.S. Securities and Exchange Commission (SEC) is forced to approve the Grayscale Bitcoin ETF application. The firm went to court against the SEC over the rejection o...
Crypto News: In a major push for the global digital asset industry Hong Kong rating agency HKVAC reportedly announced its virtual asset index. In addition to Bitcoin (BTC) and Ethereum (ETH), the list includes the largest of the 30 cryptos. This comes after HSBC opened doors for Hong Kong crypto users to trade in BTC and ETH futures Exchange Traded Funds (ETFs).
Also Read: XRP Bulls Coming...
Bitcoin price, although not climbing the ladder to the coveted $38,000 resistance level, it is sustaining its position above $30,000. Bulls seem to be at ease, with consolidation allowed to take precedence ahead of an anticipated breakout above the 12-month high of $31,428, according to price data as tracked by CoinGape.
As reported in the previous analysis, Bitcoin price only needs to uph...
Crypto Market News: The recent crypto market rally came just around the time before closing of a huge chunk of Bitcoin and Ethereum options, potentially paving way for significant volatility. Around 40% of the average daily volume in options market is dominated by Bitcoin and Ethereum quarterly positions. Hence, the crypto market could well be in for a huge upside in the crypto asset price...
Cathie Wood’s Ark Invest has boldly declared that it is first in line to receive potential approval from the SEC for a spot Bitcoin Exchange Traded Fund (ETF).
Ark Invest is More Deserving
This comes after BlackRock brought a renewal of hope to the cryptocurrency industry through its spot BTC ETF application with the United States Securities and Exchange Commission (SEC). Therefore many p...
Bitcoin price has, over the last 24 hours, lost 1.1% of its value and is trading at $30,308 on Monday. The largest cryptocurrency sustained a bullish outlook over the weekend, with consolidation taking precedence above $30,000.
Despite the aggressive push by the bulls, Bitcoin price could no longer sustain gains beyond its 12-month high of $31,428.
Bitcoin Price Nurtures Healthy Pullbac...
After a relatively average week on the macro front, the upcoming week brings significant challenges for both stocks and crypto markets. Traders remain cautious ahead of major events that could impact the recent recovery in markets. Positive developments in the crypto market amid renewed interest from financial institutions caused Bitcoin (BTC) price to hit a yearly high of $31,400.
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Bitcoin (BTC) has seen the biggest recovery in the digital currency ecosystem as it concerns its value gains since the start of the month. The premier cryptocurrency topped its All-Time High (ATH) price above $31,000 for the year this past week after a series of consistent uptrend fueled by the bulls.
On-Chain Signal Suggests More Uptrend
At the time of writing, Bitcoin is changing hands a...
Crypto Market News: The Ripple lawsuit Summary Judgement is on top of the most anticipated developments in the year 2023 within the crypto market. On March 6, 2023, Judge Analisa Torres granted and denied motions from Ripple as well as the U.S. Securities and Exchange Commission (SEC). Since then, it has been more than 100 days as the wait for the Summary Judgement continues. The Ripple ma...
