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Crypto Banter reports for the first time ever that Bitcoin has had a golden cross on the weekly time frame alongside the potential approval of a spot ETF. In a video released on Jan. 9, YouTube channel Crypto Banter alleges that with less than 24 hours until the spot Bitcoin ETF decision, there is a lot of excitement in the market, with a $50,000 BTC on the horizon. Referencing the technical charts, the analyst highlights the stochastic RSI on the Bitcoin (BTC) charts crossed up just after October, leading into September when…
Only 15,000 blocks remain until the much-anticipated Bitcoin halving. The halving is projected to occur on April 19, approximately 99 days away, marking a pivotal moment in the life cycle of the leading cryptocurrency. Historically, halving events have had significant impacts on the Bitcoin market. Previous trends show that Bitcoin will experience a major rally shortly after every halving. This is often due to increased public interest, speculative trading, and discussions about the future of cryptocurrencies. Source: CoinGecko Analysts closely observe these periods, as past halvings have been followed by…
Standard Chartered Bank is the latest to give its predictions on the impact Spot Bitcoin ETFs could have on Bitcoin’s price in the long term. The bank took a bullish stance as they predicted that BTC could rise to unprecedented heights by the end of 2025. Bitcoin Could Hit $200,000 By End Of 2024 According to a report by Standard Chartered shared on the X (formerly Twitter) platform, BTC’s price could reach $200,000 by end-2025. There is the potential for Bitcoin to hit this price level with $50 to $100…
At least 17 updated filings related to spot Bitcoin ETFs have been submitted to the SEC in the last 24 hours, with experts reaffirming high approval odds. A handful of spot Bitcoin ETF issuers filed amended S-1 and S-3 forms with the United States Securities and Commission (SEC) following a flurry of feedback between both parties as firms tighten up readiness for expected approval. BlackRock, VanEck, Valkyrie, ARK 21Shares, Grayscale, and Invesco Galaxy had submitted updated filings at press time. Outstanding amendments are expected sometime during Jan. 9 ahead of…
Bitcoin has shown a tendency to experience steady price increases in the months following the halving. The countdown to the Bitcoin (BTC) Halving in 2024 has begun, with just 100 days remaining until the event takes place. While the crypto market eagerly anticipates the approval of a spot Bitcoin Exchange-Traded Fund (ETF), Bitcoin miners will experience a 50% reduction in block rewards, marking the next block subsidy halving. The Bitcoin halving is scheduled to occur in the second quarter of 2024, tentatively around April 19. Various countdown tools, such as…
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Fox Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission may delay a decision on spot Bitcoin ETFs. In the X post, she noted that the five-member U.S. Securities and Exchange Commission (SEC) committee could still delay approval of a spot Bitcoin (BTC) ETF. While no formal ETF committee vote is scheduled, she explained that each committee member has the right to request a full committee review and vote on the matter based on their judgment. An interesting caveat here on how the 5-member SEC Commission could…
Although the broader market is experiencing a strong start this year, Filecoin has opened the year at a snail’s pace. According to Coingecko, the token is up over 4% in the past 24 hours. However, the week started with FIL bleeding nearly 27%. With investors uninspired by the ongoing broader market rally, FIL might be in for a rough few months after ending 2023 on a positive note. On-Chain Growth Prevents A Bigger Disaster In their most recent blog post, they highlight the recent achievements of the ecosystem. Over 2,442…
A bitcoin ETF approval could revolutionize the cryptocurrency the way it did investing in gold a generation ago, and send bitcoin’s price rocketing to $200,000 by the end of next year, according to Standard Chartered. All eyes are on the Securities and Exchange Commission in the runup to its Jan. 10 deadline to approve or reject one of multiple applications to launch a spot bitcoin exchange-traded fund. The agency is widely expected to approve more than one ETF, in order to level the playing field from the beginning. “We see…