Tag: ETF

Will ETH Price outperform BTC After ETF Approval?

Ethereum price briefly broke past the $2,400 mark on Jan. 10, up 10% within the weekly time frame, ahead of the much-anticipated Bitcoin ETF Approval. The crypto market experienced widespread volatility on Jan 9 after the U.S. Securities and Exchange Commission (SEC) announced false Bitcoin (BTC) ETF approval in a now-denounced post on X. Despite the raging controversy, Ethereum’s (ETH) price has maintained a steady uptrend, trading as high as $2,440 on Jan. 10.  Ethereum vs Bitcoin: Crypto derivatives traders are betting bigger on ETH Between Jan. 7 and Jan.…

The bitcoin chart is showing signs of resuming long-term trend back to $66K as ETF decision looms

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Here’s a breakdown of the bitcoin chart and what to watch for to confirm that the cryptocurrency is resuming its long-term trend back to all-time highs. If you haven’t heard, bitcoin was up substantially in 2023, and a full-fledged ETF may finally get approved by the SEC. Some experts claim that could be a clear sell-the-news event if/when it happens, while others believe it will prompt an even bigger rally. Either is possible, but right now it’s important to recognize that BTC’s price action has been working well over the last…

Bitcoin ETF to be approved today

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The financial sector is abuzz, with a prominent Bloomberg analyst suggesting a Bitcoin ETF approval is just hours away. Senior ETF Analyst at Bloomberg, Eric Balchunas, took to X with a bold prediction, suggesting that the approval for a Bitcoin ETF will be announced later today. Although the approval has not been finalized, Balchunas indicated that all systems are set for an affirmative decision, likely between 4-6 p.m. EST, in time for the trading starting on Thursday. Happy ETF Approval Day (for real this time) to all those who celebrate..…

Bitcoin price dips as SEC denies approving spot ETF

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A wave of confusion has swept the crypto market after a cyber security blunder on the U.S. SEC’s X account. Currently, Bitcoin is trading at $45.9K, with the decision on the ETFs still uncertain. Let’s take a look at how the Bitcoin price could react next. Apprehension grows amid ETF false start On Jan. 9, the official U.S. SEC X account “falsely” announced that they had approved all the…

Bitcoin ETF Drama Reveals Post-Approval Price Trend: Experts

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The Bitcoin market was swept into a frenzy following an alleged hack of the US Securities and Exchange Commission’s (SEC) X account, falsely claiming the approval of 11 spot ETFs. This misinformation led to a rollercoaster in Bitcoin’s price, which initially soared from $46,800 to $48,000, only to crash to $45,000 within a span of 20 minutes. This incident has become a pivotal moment for market analysts, providing insights into how the market might react to today’s potential Bitcoin spot ETF approvals in the short term. So here’s what experts…

‘SEC Chairman on the Brink of Second ETF Approval’ Gets Embedded Into Bitcoin Network Forever

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BlackRock races to the bottom with new Bitcoin ETF fee

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BlackRock cuts its fee for the potential Bitcoin ETF, looking to crush the competition before the products even reach the market. BlackRock, a global investment management behemoth, has announced a significant fee reduction for its spot Bitcoin (BTC) exchange-traded fund (ETF), setting a new competitive standard in the cryptocurrency investment space. This is a significant play by the world’s top asset management firm amid fierce competition in the still unexisting United States Bitcoin spot ETF space. The race to the bottom Similarly, Ark Invest also decreased its fee to 0.25%.…

Ether, Lido DAO, Arbitrum Gain on Possibility of ETH ETF

Ether (ETH) and native tokens of applications built on Ethereum surged in the past 24 hours as traders bet on the possibility of an ether exchange-traded fund (ETF) following the expected approval of a bitcoin ETF in the U.S. Ether exchanged hands over $2,400 in early European hours Wednesday, up 5% in 24 hours. LDO, the governance token of the decentralized autonomous organization (DAO) behind liquid-staking system Lido, gained over 20% while the ARB token of Ethereum scaling solution Arbitrum rose almost 17%. Bitcoin fell 2.2%. BlackRock has filed an…

Dogecoin Price Risks 25% Correction Ahead of Bitcoin ETF Verdict

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Dogecoin (DOGE) price dipped below $0.08 mark in the early hours of Jan. 10, while market data trends suggest a positive Bitcoin Spot ETF verdict could trigger further downside. Market analysts and speculators are leaning heavily towards an imminent ETF approval verdict from the US Securities and Exchange Commission (SEC). Recent market data trends show that price correlation between Dogecoin (DOGE) and Bitcoin (BTC) have flipped negative over the past month. This alignment signals a potential DOGE price downswing if BTC reacts positively to an ETF approval verdict.  DOGE price…