The dream of a spot Bitcoin exchange-traded fund (ETF) in the US is still yet to become a reality as various investment firms continue to seek approval from the Securities and Exchange Commission (SEC) despite multiple rejections. In a recent turn of events, Valkyrie, an alternative asset management company specializing in the emerging cryptocurrency sector,…
Bitcoin price corrected gains and retested the $30,650 support. BTC could start a fresh increase if it stays above the $30,000 support zone. Bitcoin is holding gains above the $30,650 support zone. The price is trading above $30,700 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support…
Bitfinex, one of the world’s leading cryptocurrency exchanges, has released a report indicating that Bitcoin (BTC) has been sold in profit since its initial break above $30,000, suggesting early signs of a bull market. The report highlights two key on-chain metrics, the Spent Output Profit Ratio (SOPR) and Net Unrealised Profit and Loss (NUPL), which…
Bitcoin price is moving higher above the $31,000 resistance. BTC could soon rally if there is a close above the $31,400 resistance zone. Bitcoin is showing positive signs and trading above the $30,800 resistance zone. The price is trading above $30,850 and the 100 hourly Simple moving average. There is a major bullish trend line…
Over the last month, a coordinated attack against altcoins by the US SEC caused Bitcoin dominance to surpass 50%. Above the psychological level makes BTC more valuable as a whole than the entire crypto market. However, a technical signal has appeared that in the past put in a peak in BTC.D and suddenly sparked a…
Twitter’s initial endeavor to implement a fee for verifying accounts with blue check marks resulted in a reportedly marked decrease in bots. Nevertheless, the persistent nuisance of fake Twitter accounts remains far from abating. Twitter launched Twitter Blue, a subscription service priced at $8 per month. It was launched with the dual purpose of boosting…
Bitcoin has risen by almost 80% in the first six months of 2023. However, as has been the case in the past, the cryptocurrency has experienced periods of stagnation before making any significant moves. This has resulted in a consolidation phase that has left investors waiting in anticipation for the next direction. And if attempts…
Bitcoin price is moving higher above the $30,500 resistance. BTC is showing positive signs and might aim for a new high above the $31,400 level. Bitcoin is trimming all its losses and trading above the $30,500 resistance zone. The price is trading above $30,500 and the 100 hourly Simple moving average. There is a key…
Bitcoin had been trending over $31,000 for the better part of Friday after reclaiming this support level from the bears. However, this did not last long as the digital asset saw a flash crash that sent its price spiraling toward the $29,000 level. SEC Says ETF Filings Are Inadequate On Friday, the Wall Street Journal…
The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and comprehensive” enough. Bitcoin ETFs In Jeopardy? The SEC has rejected several Bitcoin ETF filings in recent years due to concerns…