Spot Bitcoin ETF has finally been approved in the United States after 10 years of effort. The Securities and Exchange Commission gave approval on Wednesday. main documents In the market where you want to list a groundbreaking product. Trading starts today. price of bitcoin Exceeded $47,500 Following the decision, it is currently trading at around $47,000. About a dozen companies, including BlackRock, Fidelity, and Grayscale, have attempted to create Bitcoin ETFs. This is a spot ETF that holds Bitcoin itself, unlike the already approved Bitcoin futures ETFs that hold derivative contracts linked to BTC. The hotly anticipated product will debut…
Author: Crypto Flexs
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Polkadot (DOT) is trending upwards above the $7.50 resistance level against the US dollar. The price is up almost 15% and could rise further to $10.00. DOT is showing strong bullish signs with support at $6.65 against the US dollar. The price is trading in the $8.00 area and above the 100 simple moving average (4-hours). On the 4-hours chart of the DOT/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $7.80. If the bears are unable to defend the $8.88 resistance area, the pair may continue to rise. Polkadot price begins…
Bloomberg Senior Exchange Traded Fund Analyst Eric Balchunas said 70% chance of on-site approval Ethereum ETH +10.90% By May of this year, we received exchange-traded fund (ETF) approval from the U.S. Securities and Exchange Commission. In the last 24 hours, the price of Ethereum has risen 8% to $2,613, recording a growth of almost 18% over the past 7 days. Crypto industry experts say this signals investor optimism about a potential Ether ETF after the SEC approved 11 spot Bitcoin ETFs earlier today.“Starting with the BTC ETF, a ‘buy the rumor, ignore the news, buy the next rumor’ approach is…
Bloomberg Senior Exchange Traded Fund Analyst Eric Balchunas said 70% chance of on-site approval Ethereum ETH +10.90% By May of this year, we received exchange-traded fund (ETF) approval from the U.S. Securities and Exchange Commission. In the last 24 hours, the price of Ethereum has risen 8% to $2,613, recording a growth of almost 18% over the past 7 days. Crypto industry experts say this signals investor optimism about a potential Ether ETF after the SEC approved 11 spot Bitcoin ETFs earlier today.“Starting with the BTC ETF, a ‘buy the rumor, ignore the news, buy the next rumor’ approach is…
On-chain analysts have discovered that whales calling themselves “Binance insiders” have been accumulating large amounts of Dogwifhat (WIF), the Solana (SOL) meme coin. Is Binance planning to list WIF? Since the end of 2023, Solana meme coins such as BONK and Dogwifhat have attracted attention. Moreover, BONK was also responsible for the surge in sales of the Solana Saga smartphone. Whale spends $8.65 million to purchase WIF Lookonchain revealed that the whale wallet spent 86,738.1 SOL, worth $8.65 million, to purchase 17.22 million WIF tokens. “The whale calls himself a “Binance insider” and seems to want to tell everyone that…
Ethereum (ETH) continued its upward trend on Wednesday, rising 10% in 24 hours to surpass the vaunted $2,600 level. Market observers attribute this surge to a confluence of factors, primarily fueled by expectations of an upcoming Ethereum exchange-traded fund (ETF) following the expected approval of a Bitcoin ETF in the United States. In a historic move that cryptocurrency enthusiasts hope will attract more individual and institutional investors to the market, the U.S. Securities and Exchange Commission approved the first spot Bitcoin exchange-traded fund on Thursday. Ethereum ETF Buzz Sparks Strategic Moves “There is a noticeable trend pushing the Ethereum ETF…
Cryptocurrencies have taken the world by storm in recent years, and one of the latest competitors to emerge is digital coins. This innovative new cryptocurrency has the potential to revolutionize the digital currency market and provide far-reaching benefits to investors and users alike. In this article, we explore the hidden potential of Digitalcoin and why it could be the next big thing in the cryptocurrency world. What is a digital coin? Digitalcoin is a decentralized cryptocurrency that aims to provide a secure, fast and affordable payment solution for the digital economy. It is built on a highly secure blockchain network…
After the U.S. Securities and Exchange Commission (SEC) Twitter account was hacked on January 9, the Bitcoin (BTC) and Ethereum (ETH) derivatives markets experienced significant fluctuations. This erroneous announcement of the approval of a spot Bitcoin ETF set off a series of market reactions that wiped out more than $50 billion of Bitcoin’s market capitalization. Derivatives markets have seen unprecedented volatility. CryptoSlate’s Total trading volume increased 8.52% to $79.02 billion, according to CoinGlass data analysis. This increase in trading activity likely reflects the market’s rapid response to fake news as traders seek to capitalize on volatility or mitigate risk. However,…
Longtime Bitcoin critic and JPMorgan Chase CEO Jamie Dimon reiterated his skepticism about the cryptocurrency, saying in an interview Wednesday: “I’ve always said Bitcoin has no value.” . His comments come on a day when the SEC approved several physical Bitcoin exchange-traded funds (ETFs), opening up the cryptocurrency market to more mainstream investments. key point JPMorgan CEO Jamie Dimon argues that Bitcoin has no intrinsic value and is mainly used for illicit activities such as prostitution and terrorist financing. However, JPMorgan has partnered with BlackRock as a key approved participant to help launch BlackRock’s spot Bitcoin ETF. This seems contradictory…
The cryptocurrency world is in a frenzy as the next Bitcoin halving is less than 100 days away. With Bitcoin supply halved, attention is turning to alternative coins or altcoins that could benefit from the halving scheduled for April 2024. Many game players like crash players visit this page If you want to acquire cryptocurrencies, you can also check out the details in this cryptocurrency article and the best altcoins that can have a positive impact during this important period.Understanding Bitcoin HalvingBitcoin halving is a programmed event rooted in the Bitcoin protocol that occurs approximately every 210,000 blocks, or approximately…