Day: January 8, 2024

Spot Bitcoin ETFs issuers get final deadline to change applications

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Companies that applied to launch a spot Bitcoin (BTC) ETF were given a deadline to make any changes to their pending applications. According to Bloomberg, potential Bitcoin ETF issuers were allowed to make changes until Monday morning, Jan. 8. The US Securities and Exchange Commission (SEC) has until Jan. 10 to take action on at least one of these statements. Sources familiar with the matter believe the regulator will use this data to make multiple decisions. The SEC also plans to vote on 19b-4 filings from exchanges that will list…

Global merchants accepting Bitcoin grew by 174% in 2023, reports BTC Map

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Global merchant listings for Bitcoin payments nearly tripled in 2023, as reported by Bitcoin merchant mapping provider BTC Map. The latest data from BTC Map show an increase in Bitcoin-accepting venues, with numbers climbing from 2,207 at the year’s start to 6,126 by the end of 2023, covering restaurants, bars, shops, and other services. This marked a minor drop from the September high of 6,590 merchants. BTC Map, leveraging open-source mapping data from OpenStreetMap, enables businesses and users to tag locations accepting Bitcoin payments. This rise in merchant numbers could…

Solana may outperform Ethereum in 2024; this meme coin could flip Shiba Inu

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto is bullish, and some experts speculate that Solana (SOL) may surpass Ethereum (ETH). Meanwhile, Galaxy Fox (GFOX), a meme coin on Ethereum, continues to gain momentum.  Galaxy Fox is proceeding to the sixth phase of its presale despite the Bitcoin (BTC) contraction, which also affected Shiba Inu (SHIB) prices.  GFOX dominance Galaxy Fox combines GameFi with memecoin.  It aims to outperform other play-to-earn (P2E) tokens like ApeCoin (APE), Gala (GALA),…

Bitcoin (BTC) Prices Drop as Traders Pare March Fed Rate Cut Bets

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The 10-year Treasury yield, the so-called risk-free rate, has risen by 15 basis points to 4.05% since Friday, also a sign of traders reassessing dovish Fed expectations or the possibility of the central bank delaying the rate cut. The benchmark yield fell by nearly 80 basis points to 3.86% in the final three months of 2023, offering a tailwind to risk assets, including bitcoin, thanks to expectations for aggressive Fed rate cuts and lesser-than-expected bond issuance by the U.S. Treasury. Original

SOL Price Prediction – Why Solana Could See Sharp Downside Thrust

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Solana is moving lower from the $115 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $68 support. SOL price started a fresh decline from the $115 resistance against the US Dollar. The price is now trading below $100 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $92 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move down toward the $80 support or even…

Ethereum Price Signals Bearish Rection, Why ETH Could Drop 5%

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Ethereum price is struggling to clear the $2,300 resistance zone. ETH is showing a few bearish signs and might decline toward the $2,080 support. Ethereum is still struggling to clear the $2,280 and $2,300 resistance levels. The price is trading below $2,260 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if it stays below the $2,300 resistance zone. Ethereum Price Faces Major Hurdle Ethereum…

Bitcoin Price Plunge Imminent as Bears Protect Key Resistance

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Bitcoin price is still struggling to clear the $44,500 and $44,700 resistance levels. BTC is showing a few bearish signs and might drop toward $42,150. Bitcoin is facing a major hurdle near the $44,500 resistance zone. The price is trading below $44,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $44,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline toward the $42,350 and $42,150 support levels. Bitcoin Price Faces Hurdles…