Crypto news

Market research boutique Fundstrat envisions Bitcoin (BTC) reaching $500,000 per coin within the next five years – in large part due to expected Bitcoin spot ETF approvals. “I think in five years, something around half a million would be potentially achievable,” said Fundstrat’s Tom Lee in an interview with CNBC on Wednesday. How Meaningful Is A Bitcoin ETF? Lee stood by his prior predictions that Bitcoin could reach above $100,000 and possibly tap $150,000 within 2024...

Several firms have recently reduced their proposed fees, as revealed in the latest versions of their S-1 forms submitted to the U.S. Securities and Exchange Commission. This is in response to the ongoing industry competition, amplified by the anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs. Spot Bitcoin ETF Fee Wars Escalate As the SEC deadline approaches, various applicants, including Valkyrie, WisdomTree, BlackRock,...

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages. However, a completed pullback has recently emerged, confirming the validity of the breakout. By Shayan The Daily Chart The daily chart reveals a pronounced drop in Ripple’s price, breaching its multi-month sideways consolidation range. This occurrence initiated a substantial number of...

Solana price started a fresh increase from the $85.00 zone against the US Dollar. The price is now trading near $100.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $92.90 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $102 and $105 to continue higher in the near term. Solana price is trading above $90 against the US Dollar, like Bitcoin. SOL could start a...

Bitcoin price started a strong increase above the $45,000 zone against the US Dollar. The price is now trading above $45,200 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $44,300 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $44,300 support zone. Bitcoin price is showing positive signs above $45,000 against the US Dollar....

A new report by Kaiko reveals that the liquidity for privacy tokens has plummeted to an all-time low of just $5 million. This drop follows the delisting of several trading pairs by OKX for not meeting certain criteria. Regulatory Challenges Behind Delisting Regulatory pressures have particularly impacted tokens like Monero (XMR) and Zcash (ZEC), pushing them to the brink of being delisted from platforms like Binance due to low liquidity. Despite the market turmoil, the end of...

Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S. According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone.Over 72,000 traders were affected, with the largest single liquidation taking place on BTC/USD trade on ByBit for $6 million. The Securities and Exchange Commission (SEC)’s official X page...

The Securities and Exchange Commission (SEC) announced on Tuesday that it has approved for Bitcoin ETFs to be listed on all national securities exchanges in the United States. However, a later post from SEC chairman Gary Gensler clarified that the announcement was fake. In an SEC post to X, the agency claimed that approvals had gone through and that they would “enhance market transparency and provide investors with efficient access to digital assets within a regulated...

Jay Claton, the former chairman of the United States Securities and Exchange Commission (SEC), believes the agency’s approval of a spot Bitcoin exchange-traded fund (ETF) is inevitable. During an interview with CNBC, Clayton said nothing is left for the SEC to decide as the regulator is comfortable with the disclosures from ETFs’ applicants. “I think approval is inevitable. There’s nothing left to decide… Yeah, I do [believe that Bitcoin ETF approval is imminent]. I could be...

Earlier this month, Bitcoin’s USD value witnessed a rapid decline from $45,400 to $40,400 in a matter of hours. Despite a quick rebound, this downturn triggered the third-highest volume of long liquidations since the bear market reached its lowest point in November 2022. However, IntoTheBlock’s analysis reveals a noteworthy trend in the market, indicating a strategic move by large holders during the recent price dip. Large Bitcoin Holders Accumulate Big During Dip Bitcoin...