The SEC’s X account was hacked on Tuesday, tweeting a fake announcement that spot Bitcoin ETFs had been approved, forcing SEC head Gary Gensler to say they were in fact, not approved. In a series of events today that were memorably described as a goat rodeo, the official SEC X Account appeared to announce that…
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…
It’s decision time. By the end of this week, we’ll have our answer - will one or more Bitcoin Spot ETFs be given the green light to trade in the U.S? And how will the market respond? In the race towards the approval of a spot Bitcoin exchange-traded fund (ETF), the final steps are underway,…
SVET Markets Weekly Update – January 02–05, 2024 On Week 1, the Nasdaq and S&P closed 1.8% and 3.8% lower, respectively, while the Dow Jones was down 0.7%. Meanwhile, BTC initially rose sharply, breaking the 45K barrier, but later stumbled due to massive profit-taking, leading to a downturn in the entire crypto market, with some…
The Bitcoin price is again closing in on $45,000 as overall market sentiment rejects the conclusion of a Matrixport report that the SEC would reject all ETFs applications next week. The start of 2024 has been a rollercoaster for the Bitcoin price as it initially plummeted due to reports casting doubt on the approval of…
Bitcoin flash crashed by 7% on Wednesday after a Matrixport report said it expects the SEC to reject all ETFs applications next week. However, a closer look at the report reveals numerous head scratching assertions and assumptions. Bitcoin slid 7% on Wednesday as doubt about the approval of a spot Bitcoin (BTC) ETF spread like…
Bitcoin crashed by 7% on Wednesday after a Matrixport report said it expects the SEC to reject all ETFs applications next week. Bitcoin slid 7% on Wednesday as doubt about the approval of a spot Bitcon (BTC) ETF spread like wildfire. The crash reversed the gains from the surprising move upwards from January 1, causing…
Bitcoin has passed through its US$45,000 resistance - a price push driven by a wave of positive macro momentum and signs that a spot Bitcoin ETF is could be approved as early as next week. This current uptrend in Bitcoin, often seen as the bellwether of the broader cryptocurrency market, was largely fueled by growing…
In global financial markets, approximately 75% of trading is algorithmic, and the crypto markets are no different. Crypto algorithm trading is widespread and recent years have seen a rise in the number of automated crypto trading bot platforms. What is a crypto trading bot? Crypto bots are software applications that use an API to interact…
An overview of several leading DeFi and CeFi crypto lending platforms and who offers the best crypto interest rates. UPDATED December 23rd 2023. Who offers the best crypto interest rates? With the growth of DeFi & CeFi applications, crypto lending, margin exchanges, and stakeable cryptocurrencies over the last few years, it can be difficult to…