Day: October 1, 2021

Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce Or Real Move Ahead?

Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up. Bitcoin Netflows Of Past Dead Cat Bounces Compared As pointed out by a CryptoQuant post, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically. The Bitcoin exchange “netflow” is an indicator that’s defined as the difference between the…

Cryptocurrency Market Scan | Tuesday 3rd August (2021)

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Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund – Fintech Bitcoin News

Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that can extend banking and financial services to all segments of society in a cost-effective way will also be targeted. So far, only the National Bank of Egypt, Banque Misr, and Banque du Caire have been identified as the financial institutions that are participating in this…

MOST PUMPING COINS Update | Best Profitable cryptocurrency | Filecoin, 0x coin, Crypto news today |

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SEC extends four Bitcoin ETF deadlines by 45 days

The Securities and Exchange Commission (SEC) has extended the deadline of four Bitcoin exchange-traded funds (ETFs) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications.  The approval of four Bitcoin ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF were rescheduled to the respective dates: Nov. 21st, Dec. 8th, Dec. 11th, Dec. 24th. In their official statement, the SEC outlined: “The Commission finds that it is appropriate to designate a longer period within which…

Bitcoin Rallies Above $47K; Resistance at $50K

Bitcoin (BTC) returned above $47,000 for the first time in two weeks, indicating strong demand from short-term buyers. The next level of resistance is seen at $50,000, where some profit taking occurred in early September. Technical indicators show improving upside momentum on the daily chart, which is the first positive reading since July. This means the intermediate-term uptrend is stabilizing, albeit within a range of $40,000 support and $50,000 resistance. The relative strength index (RSI) is not yet overbought on the daily chart, which could keep buyers active over the…

French regulator warns against unauthorized crypto platforms

French stock market regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services. On Oct. 1, AMF updated its web portals identified as offering crypto and foreign exchange (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments alongside 12 forex-related sites. According to the regulator, the listed entities have been offering investment products without being authorized to provide such services. To protect investors from potentially fraudulent investments, AMF and French Prudential Supervision and Resolution Authority…

‘Say hi to Uptober’ — Bitcoin price surges above $47K in minutes liquidating $270M in shorts

Bitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic “short squeeze” liquidated over $270 million of crypto positions in under an hour. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Goodbye bears” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $47,800 on Bitstamp, jumping $3,000 in minutes. A familiar setup for traders, the upward volatility followed signs that a BTC price recovery was already on the way Thursday, particularly as the dollar struggled. 539 #BTC shorts liquidated in 1 minute sending #Bitcoin to 47k. Squeeeeeeeeezed pic.twitter.com/Uf2CzvndcC —…