Day: January 9, 2024

CryptoQuant unveil two potential scenarios for spot Bitcoin ETFs

boss

Analysts from CryptoQuant revealed two scenarios that could unfold before the approval of spot Bitcoin (BTC) ETFs. CryptoQuant experts analyzed the support and resistance levels of the first cryptocurrency based on the average price of BTC holders and presented two scenarios: bullish and bearish. 2 Scenarios Before Bitcoin Spot ETF Approval and How to Respond Quicktake Post by @MAC_D46035 This post explains how to analyze the Bitcoin price support and resistance using on-chain data of the average unit price of #Bitcoin holders. Thread🧵 — CryptoQuant.com (@cryptoquant_com) January 9, 2024 According…

Spot Bitcoin ETFs Could Trade 8% Above Fair Value: Expert

boss

In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV). Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV “I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,” Browne stated. However,…

BONK rallies 26%, social activity nearly doubles

The Solana-based meme coin Bonk (BONK) has emerged as the top gainer among the top 100 cryptocurrencies with its social activity almost doubling. BONK’s price has seen a 26% surge in the past 24 hours and is trading at $0.0000127 at the time of writing. Following the rally, Bonk’s market cap surpassed the $800 million mark, making it the 81st-largest crypto asset. BONK price, social volume and RSI – Jan. 9 | Source: Santiment The meme coin’s daily trading volume increased by 160%, reaching $326 million. Data shows that a…

Crypto in focus, XRP slides after Bitcoin fell

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin and various altcoins, including XRP, remain volatile. Bitcoin falls by 10% Despite the market turmoil, NuggetRush posts strong performance Bitcoin recently fell by 10%, influenced by news of the U.S. SEC delaying the decision on the spot Bitcoin ETF. This downturn also impacted altcoins like Ethereum (ETH), Solana (SOL), and XRP.  Bitcoin falls Bitcoin, related stocks, and altcoins have taken a hit due to uncertainties surrounding the approval…

Bearish BTC Bets Lose $100M Ahead of Expected SEC Bitcoin ETF Approval

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin [BTC] Decouples From Nasdaq Amid ETF Speculation

boss

The latest decoupling from the two can be explained by the fact that the crypto market, since October, has been squarely focused on expectations for a spot BTC ETF launch in the U.S. The Securities and Exchange Commission is likely to decide on nearly a dozen spot ETF applications by Jan. 10, potentially opening doors for widespread adoption of the asset class. Original

XRP Price Prediction – This Resistance Is The Key To Next Rally

boss

XRP price is moving higher from the $0.4540 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. XRP is attempting a fresh increase from the $0.4540 support level. The price is now trading below $0.5950 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.6080 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.600 and $0.608 resistance…

Ethereum Price Avoids Trend Reversal But Key Hurdle Still Intact

Ethereum price managed to stay above $2,170 and recovered losses. ETH consolidating and still facing many hurdles near $2,350 and $2,400. Ethereum is attempting a fresh increase above the $2,300 resistance level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $2,350 level. Ethereum Price Regains Strength Ethereum price extended…