Month: January 2024

Bitcoin Price Breaks Through $47,000, Bullish Sentiment Builds With Anticipation Of ETF Approval

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With the Bitcoin price soaring to new highs, the cryptocurrency community is excitedly buzzing as all signs point towards an imminent approval of the highly anticipated Bitcoin Exchange-Traded Fund (ETF) applications.ย  This positive sentiment has propelled the Bitcoin price past the $47,100 mark, reaching levels not seen since April 2022 and inching closer to the coveted $50,000 milestone and its all-time high (ATH) of $69,000. SEC Fast-Tracks Bitcoin ETF Review Earlier this morning, several prominent players in the financial industry submitted their final registration of securities amendments for a Spot…

Bitcoin Price Tops $47K, Could Rally 10-15% More if Spot BTC ETF Approved: LMAX Strategist

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Bitcoin ETFs: The Bear Case

Because bitcoin is decentralized, there isnโ€™t a single price of bitcoin. Instead, its dollar value is often calculated by averaging the current going price of bitcoin on a few trusted exchanges. However, even on established exchanges, itโ€™s not unheard of for investors to drive crypto prices up or down deliberately or accidentally with large trades, opening arbitrage opportunities. Source

PlanB Predicts Bitcoin Price Could Reach $532k after BTC Halving 2024

Based on his historical prediction of 2015 and 2019, PlanB remains confident that the Bitcoin price could rally to $500K during the mega bull run of 2025. After a strong start to the year 2024 last week, Bitcoin has been facing some selling pressure but has managed to hold above $43,500 levels. However, this hasnโ€™t stopped Bitcoin analysts from making bullish predictions for the crypto. PlanB, the author of the stock-to-flow model recently made a bold prediction for Bitcoin after the Bitcoin halving. Along with the spot Bitcoin ETF approval,…

A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024โ€™s First Week

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The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report from CoinShares. Crypto Asset Funds Sees Surge In Inflows This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares, is particularly noteworthy in light of the Grayscale vs. US Securities and Exchange Commission (SEC) lawsuit, with these inflows contributing to a total of $2.3 billion since the case began in October 2022. This amount…

Pantera, VanEck prepare to make investment following spot Bitcoin ETF approval

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Four potential spot Bitcoin ETF issuers have disclosed initial seed capital exceeding $10 million before the SEC decides on bids.ย  Per individual filings with the U.S. Securities and Exchange Commission (SEC), VanEck has outclassed BlackRock in direct investment into its spot Bitcoin ETF. VanEck has seeded its bid with $72.5 million.ย  Crypto investment firm Bitwise seeded its Bitcoin (BTC) ETF with $500,000 but noted an additional $200 million cash injection expected from Pantera Capital if the SEC approves applications.ย  BlackRock and Fidelity seeded their BTC funds with $10 million and…

Gary Gensler issues crypto warning amid Bitcoin ETF decision

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SEC Chairman Gary Genslerโ€™s recent crypto warnings coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny. SEC Chairman Gary Gensler recently delivered a series of warnings through a Twitter thread, urging potential investors in crypto assets to be mindful of the risks and regulatory landscape. In his thread, Gensler stated, โ€œThose offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws.โ€ He emphasized that investors in crypto asset securities might be deprived of key information and essential protections. A thread ๐Ÿงต…

Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn Could Be The Catalyst

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The Shiba Inu (SHIB) price could be primed for a significant surge if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late.ย  A Record-Shattering Shiba Inu Burn On The Way? In a now-already deleted X (formerly Twitter) post, Shiba Inuโ€™s team member Ragnar mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been…

Bitcoin ETFs: The Bull Case

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In other words, the bull case around an ETF boils down to legitimization. Even before Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), took charge, the U.S. government was hesitant to approve crypto ETFs because of the possibility of market manipulation and fraud. ETFs, which are like mutual funds except typically more tax efficient and lower cost, are a relatively new and quick growing segment of traditional finance. Original