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“# Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip ” Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom…
“# SEC rejects application for Fidelity’s Wise Origin Bitcoin Trust spot ETF ” The United States Securities and Exchange Commission has disapproved asset manager Fidelity’s Wise Origin Bitcoin Trust spot exchange-traded fund application. According to a Thursday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares…
“# Around El Salvador in 45 days: A Bitcoin-only travel story ” El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attempts to “orange-pill” an entire nation. The president regularly buys…
“# Crypto industry seems willing to adopt FATF travel rule: Survey ” The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto…
“# No blow-off top? Bitcoin hodler metric points to ‘depressed’ BTC price ” Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue. In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently…
“# Bitcoin dips 8% from highs as trader demands BTC bulls reclaim $37.5K ” Bitcoin (BTC) climbed down from multi-day highs on Jan. 27 as the aftermath of the latest United States Federal Reserve meeting saw bulls taper their enthusiasm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin disappoints below $37,500 Data from Cointelegraph Markets…
“# ETH to hit $20 trillion market cap by 2030: Ark Invest ” A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH. The report also predicted…
“# Ethereum bulls aim to flip $2.8K to support before calling a trend reversal ” The dire predictions calling for the onset of an extended bear market may have been premature as prices appear to be in recovery mode on Jan. 26 following a signal from the U.S. Federal Reserve that interest rates will remain…
“# SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3 ” The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund (ETF) originally proposed in July 2021. According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or…
“# Altcoins book 40% gain after Bitcoin and the crypto market enter a relief rally ” Crypto investors are beginning to feel a sense of hope once more on Jan. 26 as the wider cryptocurrency market is seeing green and Bitcoin (BTC) price trading near $38,000. Even with the breakout, traders are advising caution ahead…