Bitcoin (BTC)

During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair Gary Gensler continued his combative stance against what he called crypto...

Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space that investors can take advantage of. The report went on to compare the gains that investors will see with exposure to only Bitcoin and a diversified...

Not long ago, the Securities and Exchange Commission (SEC) was set to decide on a new bitcoin-based exchange-traded fund (ETF) application that was submitted by ARK Invest and its chief executive Cathie Wood. The decision date was coming up soon, but unfortunately, the SEC had the opportunity to delay its decision, and now it appears it has taken that route. The SEC is at It Again The delay could give the SEC as much as 240 more days to decide on the application....

Bitcoin’s price is currently testing a key area, and its reaction could determine the mid-term price action of the market. Therefore, it would be beneficial to analyze the possible scenarios thoroughly. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been testing the 50-day moving average, located around the $26,500 level, over the last few days. In the event of a bullish breakout, Bitcoin is likely to move towards the $27,500 resistance...

The BlackRock bitcoin-based exchange-traded fund (ETF) application is the big topic in the crypto industry as of late. Everyone’s talking about it, including Austin Arold of Altcoin Daily. In a recent video, he went so far as to say he’ll be very surprised if the application isn’t approved, and he thinks BlackRock is paving the way for all sorts of change in the crypto sphere. The BlackRock ETF Could Easily Get a Greenlight BlackRock is the ultimate business when...

Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel E. Cohen, in a declaration at the New York bankruptcy court, detailed the methods used to analyze the valuation and arrive at the conclusion. Cohen noted in the...

According to analysts, there are 15 Ether futures ETFs awaiting approval. The United States Securities and Exchange Commission (SEC) has postponed its decision on spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This comes after a September 26 announcement from the regulator saying it had extended the period for deciding on spot Bitcoin ETF applications from ARK 21Shares and Global X. In notices filed on September 27, the SEC said it would extend the...

EOS price started a downside correction from the $0.588 zone against the US Dollar. The price is now trading below $0.575 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.580 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.575 and $0.588 resistance levels. EOS price is declining below $0.575 against the US Dollar, like...

Litecoin started a downside correction from the $68.40 zone against the US Dollar. LTC price is now trading below $65 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $61.75 support. Litecoin price is correcting gains from $68.40 against the US Dollar, like Bitcoin. LTC...

According to the blockchain data platform Glassnode, the total number of Bitcoin addresses owning 1,000 BTC or more has plunged to its 2019 levels. The entity revealed that currently, there are just 1,997 addresses holding over $26.4 million worth of the primary cryptocurrency (calculated at current prices). 📉 #Bitcoin $BTC Number of Addresses Holding 1k+ Coins just reached a 4-year low of 1,997 View metric:https://t.co/cjV0krRVgK pic.twitter.com/rTK0gzZ90E — glassnode...