SEC Chair Gary Gensler recently spoke at the Bloomberg Investment Summit, expressing confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when this approval might happen, he did mention that the process is currently focused on asset managers. Gensler emphasized the importance of asset managers making
Bitcoin
Bitcoin whales are discreetly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock has revealed a notable increase in net inflows to the largest wallets, signaling a shift in accumulation patterns. Holders with substantial control over the total Bitcoin supply have boosted their holdings by a significant
Bitcoin recently encountered a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to surpass a crucial threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level serves as a cautionary signal for traders and investors, prompting
Bitcoin, the leading cryptocurrency in the market, seems to be facing a critical juncture as it approaches a key moment. After a strong performance in the first half of 2024, where it broke through the important $71,000 mark, it has since retreated and is now hovering around the crucial $61,000 support level. This recent dip
Spot Bitcoin ETFs have recently experienced a concerning trend of outflows for seven consecutive days. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion pulled out from the funds so far. This decline has been closely linked to the drop in the Bitcoin price, indicating a possible correlation between institutional
Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
The anticipation for the launch of new spot Ethereum ETFs among asset managers is at an all-time high, contingent on approval from the US Securities and Exchange Commission (SEC). This development is poised to have a significant impact on the cryptocurrency market, with Bitwise Chief Investment Officer (CIO) Matt Hougan expressing optimism about the potential
The price of Bitcoin (BTC) has continued its downtrend, dropping to new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to hit a new local low of $58,500. This downward trend has been sustained as outflows from the U.S. spot Bitcoin exchange-traded fund
The once-thriving crypto market is currently experiencing a significant downturn, with Bitcoin at the forefront of the retreat. Following its meteoric rise to over $73,000 earlier this year, Bitcoin has lost its momentum and is now plunging to new lows. This downward trend has sparked a wave of panic among investors, triggering a mass exodus
Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions regarding Bitcoin’s price if Joe Biden wins the upcoming US presidential election. During an interview on Unchained, Scaramucci claimed that Bitcoin could potentially reach new all-time highs under a second Biden administration. He anticipates that Bitcoin’s price could soar to anywhere between $170,000