Tag Archives: BTC

The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market. Bloomberg ETF analysts James Seyffart and Eric Balchunas have outlined a unique opportunity for 12 spot Bitcoin ETF filings to gain regulatory approval from the US Securities and Exchange Commission (SEC) within an eight-day window, starting today and extending to November 17. The SEC’s Timely Window The eight-day window for potential approvals comes as a result of the SEC’s extension of...

Given BTC price’s continuous rejection of the $35k zone, it is possible that we may witness Bitcoin correction to $31k. The price of Bitcoin has broken through the $35k resistance for the third time since the start of November. It shattered the long-term consolidation range between $25k and $31k on October 22. Although the price has been on the rise since then, the overall signals have been mixed, with some analysts expecting retracements and others anticipating a continued upward trend....

Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted by 55% to $23 million. The loss continues a downward trend for crypto-based transactions on the app. Recall that there was a loss of...

Bitcoin price started a consolidation phase below the $36,000 zone against the US Dollar. The price is now trading above $34,500 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $34,600 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 $33,750 support zone. Bitcoin price is showing positive signs above $34,000 against the US Dollar. BTC might...

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the...

The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that they would be applying a Seed Tag to ORDI. Ordinals is a new inscription protocol on the Bitcoin network. The total supply of Bitcoins...

The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm. The price of XRP has jumped considerably in the last 24 hours. XRP climbed 11% earlier on Monday, before falling to the current 10.13%, according to data from CoinMarketCap. XRP is now the fourth-largest cryptocurrency by market capitalization after replacing the BNB token. CoinGecko data also shows that XRP’s trading volume jumped from $1 billion on...

Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000. The number of blockchain addresses holding at least $1,000 worth of Bitcoin (BTC), equivalent to 0.028 BTC at the current price of $35,115, has reached an all-time high of 8 million, as reported by data from Blockware Solutions and Glassnode. According to Blockware, this figure could continue to surge as Bitcoin advances in monetization, a favorable long-term trend for the...

The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and Exchange Commission (SEC) will likely confirm an ETF approval by the end of the month. McClurg is hopeful because applicants have adequately addressed issues...

Earlier this year, Kiyosaki identified three key things that he believes will drive the price of Bitcoin up. Robert Kiyosaki, the entrepreneur and author of the popular personal finance book “Rich Dad, Poor Dad” has endorsed Bitcoin over traditional assets. In a post on social media platform X, the known Bitcoin champion stated that while conventional assets continue to ‘crash,’ Bitcoin has held steady. Kiyosaki shared a ‘lesson’ from his book, condemning the conventional model of earning...