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Tag: Bitcoin spot ETF

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision
9Jan By CryptolifedigitalNo Comments
Bitcoin

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision

In the fast-paced world of cryptocurrencies, excitement and tension are reaching a crescendo as the Securities and Exchange Commission (SEC) faces a deluge of Bitcoin ETF applications. SEC Chair Gary Gensler recently sent shockwaves through the crypto community with a carefully crafted series of cautionary tweets, creating a sense of electric anticipation. Read Also: Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern? Gensler’s Cautionary Symphony Gensler's Twitter thread was more than a casual scroll through crypto headlines; it was a meticulously orchestrated symphony of caution. He highlighted three critical points that grabbed the attention of the crypto community: Potential Non-Compliance: Gensler expressed concern about crypto ...
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Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism
29Nov By Raliat IdrisNo Comments
Bitcoin

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

In the past 24 hours, Bitcoin (BTC) has reclaimed its bullish strength, marking a 2.47% rise and revisiting the $38,000 milestone, according to data from CoinMarketCap. Despite a brief pullback to $37,912 as of the latest update, the cryptocurrency's upward momentum suggests growing odds of a breakout. Read Also: Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge Derivatives Traders Drive Momentum This resurgence in Bitcoin's price is accompanied by a notable increase in speculative activity among derivatives traders. Open Interest (OI) in BTC futures and perpetual futures contracts has surged by 4.22% in the last 24 hours, as revealed by Coinalyze data. The simultaneous rise in both price and Open Interest is often indicative of a strengthening b...
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Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos
15Aug By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos

In a groundbreaking development for the world of cryptocurrencies, Bitcoin has reached a new all-time high (ATH) in Argentina, with its value soaring past an impressive milestone of 10 million Argentinian pesos. This remarkable achievement has sent shockwaves through both the global cryptocurrency community and Argentina's financial landscape. https://twitter.com/BitcoinNewsCom/status/1691181953272197120 Bitcoin hits ATH in Argentina Bitcoin enthusiasts and financial experts alike have closely monitored the cryptocurrency's performance in various regions, but the recent surge in Argentina's Bitcoin market has garnered significant attention. This substantial price increase signifies the growing importance of cryptocurrencies as an alternative financial asset, particularly in countries ...
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Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
25Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
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Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent
13Jul By Adaralegbe Tosin MNo Comments
Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...
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Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.
11Jul By CryptolifedigitalNo Comments
Bitcoin

Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.

In a recent tweet that has sent shockwaves through the financial world, renowned author and financial educator Robert Kiyosaki, best known for his book "Rich Dad, Poor Dad," boldly declared the imminent demise of the US dollar and predicted a substantial rise in the value of Bitcoin in the coming year. Kiyosaki's tweet, which states, "US dollar will die. Bitcoin to $120k next year," has ignited both excitement and scepticism among investors and experts alike. Read Also: Former SEC Chairman Praises Institutional Interest in Bitcoin as "Remarkable" https://twitter.com/BitcoinMagazine/status/1678733049691885569 Kiyosaki's status as a prominent figure in the financial sector lends weight to his statements, as his books and teachings have influenced countless individuals seeking financ...
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Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”
11Jul By Onche Michael ONo Comments
Bitcoin

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

In a recent tweet by Bitcoin Magazine, a former chairman of the U.S. Securities and Exchange Commission (SEC) he expressed his admiration for the growing institutional interest in Bitcoin. The former SEC chairman described it as "remarkable" that major financial institutions, including BlackRock, are willing to associate their reputations with the leading cryptocurrency. His comments reflect a shifting sentiment within the regulatory and financial sectors towards the recognition and acceptance of Bitcoin as a legitimate asset class. Read Also: Grayscale Expresses Concerns Over SEC's Differential Treatment of Bitcoin ETFs https://twitter.com/BitcoinMagazine/status/1678473730647793700 Former SEC Chairman (Jay Clayton) Praises Institutional Investors as Bitcoin take a significant move ...
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Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs
11Jul By Tolulope ZaccheausNo Comments
Bitcoin

Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs

Grayscale, a leading digital asset management firm, has recently submitted a letter to a federal judge expressing its concerns over the differential treatment of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The letter questions why a leveraged 2x Bitcoin ETF has received approval while a spot Bitcoin ETF proposal, as tweeted by Bitcoin Magazine, has yet to be greenlit. Grayscale highlights the inconsistency in the SEC's decision-making process and urges for fair and transparent regulation. Read Also: XRP and Shiba Inu Dominate Trading Volumes on WazirX Amidst Crypto Market Slump https://twitter.com/BitcoinMagazine/status/1678449933928603665 Grayscale Points out the inconsistency in the SEC's decision In the letter, Grayscale points out ...
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Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential
3Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...
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Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation
28Jun By CryptolifedigitalNo Comments
Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...
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