ETF

April 29, 2024

Bitcoin struggles into the new year as $44k becomes resistance

$44k will be Bitcoin’s next resistance. Bitcoin failed to break above $44k this week signalling to traders that a drop in prices was on the way. After rallying from $38k lows through November, Bitcoin reached $42k and continued to climb to the surprise of bears. Reaching $44k Bitcoin stalled at the resistance and has begun […]

Bitcoin

April 29, 2024

BlackRock Bitcoin ETF may allow banks to participate in spot buying

The new rules circumvent the SEC’s strict anti-cryptocurrency rules. BlackRock has changed the conditions of their Bitcoin spot ETF to allow banks access to the exchange-traded fund. The move aims to make it easier for Wall Street banks to invest in the Bitcoin ETF without breaking U.S. trading rules. Banks are not allowed to invest […]

Bitcoin

April 29, 2024

Pivotal Discussions Signal Potential Approval of U.S. Spot Bitcoin ETFs

In a landmark meeting on January 5th, key financial players and the U.S. Securities and Exchange Commission delved into the final wording of filings for spot bitcoin ETFs. This crucial step suggests that the long-awaited approval of U.S. spot bitcoin ETFs might be on the horizon. On January 5th, 2024, a significant gathering of investment […]

Bitcoin

April 29, 2024

Bitcoin ETFs Launch Amidst Market Turbulence: Optimism Meets Reality

In a significant milestone for the crypto market, the launch of spot Bitcoin ETFs initially sparked widespread optimism. Yet, this sentiment was short-lived as Bitcoin’s price tumbled below $42,000, influenced by Grayscale product sell-offs and the ripple effects of the FTX bankruptcy. The cryptocurrency community recently witnessed a landmark event with the launch of several […]

Bitcoin

April 29, 2024

Recession Fears Loom Over Bitcoin: Potential for Major Market Selloff

Amidst growing economic uncertainties, market strategists express deep concerns over how a potential recession could drastically impact Bitcoin’s value. The fear is that a severe economic downturn could trigger a significant selloff in the cryptocurrency market, potentially plunging Bitcoin to much lower levels than currently observed. As the global economy navigates through turbulent waters, the […]

Bitcoin

April 29, 2024

Bitcoin’s Bold Ascent: On Track to Eclipse Meta’s Market Cap with $1 Million Valuation on the Horizon

Bitcoin’s market trajectory is poised for an extraordinary milestone, potentially surpassing the market capitalization of tech giant Meta (formerly Facebook), amid forecasts suggesting its value could soar to $1 million per coin. This bullish outlook is fueled by a combination of regulatory navigations and a surging interest in cryptocurrency trading, painting a future where Bitcoin […]

Bitcoin

April 29, 2024

BlackRock and Fidelity Revolutionize Crypto Investment with $1 Billion Inflow into Bitcoin Spot ETFs

In a landmark moment for cryptocurrency investment, BlackRock and Fidelity’s recently launched Bitcoin spot ETFs have garnered unprecedented attention, amassing $1 billion in net inflows. This surge underscores the robust investor appetite for Bitcoin, channeled through the security and familiarity of regulated financial instruments. The cryptocurrency landscape is witnessing a seismic shift as BlackRock and […]

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