As anticipation builds around major asset managers’ potential approval of Bitcoin ETF applications, former US Securities and Exchange Commission (SEC) chair Jay Clayton has added his voice to the discussion. Clayton, who served as SEC chair from 2017 to 2020 during the Trump administration, expressed his belief in the inevitable approval of Bitcoin ETFs in…
Data shows the Bitcoin correlation to the Nasdaq has continued to be negative since December. Here’s what this means for the cryptocurrency. Bitcoin 60-Day Correlation To Nasdaq 100 Is Negative Right Now In a new post on X, the analytics firm Kaiko has discussed what the trend in the correlation between BTC and Nasdaq has looked…
Global media company Forbes has published a column predicting a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). Bitcoin To Rise $80,000 American business magazine and global media company Forbes has recently released a report emphasizing the massive impact the approval…
Bitcoin surged to US$47,000 on Monday on expectations that spot ETFs will be approved on Wednesday. ETF providers have announced shockingly low fees in their bid to win customers. It must now be a matter of when, and not if, the large group of Bitcoin Spot ETF providers will be approved and able to begin…
With the Bitcoin price soaring to new highs, the cryptocurrency community is excitedly buzzing as all signs point towards an imminent approval of the highly anticipated Bitcoin Exchange-Traded Fund (ETF) applications. This positive sentiment has propelled the Bitcoin price past the $47,100 mark, reaching levels not seen since April 2022 and inching closer to the…
The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report from CoinShares. Crypto Asset Funds Sees Surge In Inflows This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares,…
An analyst has explained how a decline to $30,220 or below could happen for Bitcoin if the strong support range below the current price gets lost. Bitcoin Has Strong Support Between $42,560 And $43,245 Right Now In a new post on X, analyst Ali has discussed how Bitcoin is floating above a strong on-chain support…
Scott Melker, a cryptocurrency analyst and advocate has pointed out a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). Bitcoin Might Be Poised For $570 Million Inflow The crypto analyst shared his projections with the entire cryptocurrency community on the social media platform X (formerly Twitter). Melker proposed that $570…
A crypto trader has presented a compelling argument concerning the future accessibility of Bitcoin, alleging that Wall Street is aiming to drive the price of BTC beyond the reach of the common investor. BTC Accessibility Concerns Crypto trading expert, Oliver L. Velez has recently taken to X (formerly Twitter) to release a post, claiming that…
All applicants for a spot Bitcoin exchange-traded fund (ETF) have submitted their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC). This marks a pivotal moment, especially as the deadline for submission was set for 8:00 am EST today, January 8. Leading the pack, Valkyrie submitted its final S-1 amendment well…