BTCMove
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Today marks the commencement of a significant window of opportunity for the United States Securities and Exchange Commission (SEC) to potentially grant approval to all 12 pending applications for spot Bitcoin exchange-traded funds (ETFs). Bloomberg's ETF analysts, James Seyffart and Eric Balchunas, have highlighted this unique time frame, suggesting that between November 9 and November 17, the SEC could choose to approve all 12 spot Bitcoin ETF filings, including Grayscale's proposed conversion of its GBTC trust product. However, it's essential to emphasize that this is not a guaranteed outcome.
The United States Securities and Exchange Commission (SEC) currently has a limited time frame until November 17 to potentially approve all 12 pending spot Bitcoin exchange-traded funds (ETFs). There is a notable level of optimism regarding the likelihood of approval, with experts estimating a 90% chance of these approvals happening by January 10, 2024.
One of the noteworthy developments is Grayscale's ongoing discussions with the SEC concerning its application to convert its GBTC trust product into a spot Bitcoin ETF. This move is a reflection of the increased anticipation in the cryptocurrency market regarding the potential approval of a Bitcoin ETF.
This optimism has had a tangible impact on the cryptocurrency market, especially Bitcoin, which has witnessed a remarkable 30% price surge over the last three months. This substantial gain in Bitcoin's value has also influenced the performance of other significant digital assets, such as Solana, which saw an impressive 93% increase in the past month due to scaling improvements. Ripple and Ether have also experienced notable gains, with a 36% and 20% rise, respectively, during this period.
#BTCMove #ETFNews
Today marks the commencement of a significant window of opportunity for the United States Securities and Exchange Commission (SEC) to potentially grant approval to all 12 pending applications for spot Bitcoin exchange-traded funds (ETFs). Bloomberg's ETF analysts, James Seyffart and Eric Balchunas, have highlighted this unique time frame, suggesting that between November 9 and November 17, the SEC could choose to approve all 12 spot Bitcoin ETF filings, including Grayscale's proposed conversion of its GBTC trust product. However, it's essential to emphasize that this is not a guaranteed outcome.
The United States Securities and Exchange Commission (SEC) currently has a limited time frame until November 17 to potentially approve all 12 pending spot Bitcoin exchange-traded funds (ETFs). There is a notable level of optimism regarding the likelihood of approval, with experts estimating a 90% chance of these approvals happening by January 10, 2024.
One of the noteworthy developments is Grayscale's ongoing discussions with the SEC concerning its application to convert its GBTC trust product into a spot Bitcoin ETF. This move is a reflection of the increased anticipation in the cryptocurrency market regarding the potential approval of a Bitcoin ETF.
This optimism has had a tangible impact on the cryptocurrency market, especially Bitcoin, which has witnessed a remarkable 30% price surge over the last three months. This substantial gain in Bitcoin's value has also influenced the performance of other significant digital assets, such as Solana, which saw an impressive 93% increase in the past month due to scaling improvements. Ripple and Ether have also experienced notable gains, with a 36% and 20% rise, respectively, during this period.
#BTCMove #ETFNews
🚀 Bitcoin is growing amid liquidations of bears
BTC briefly hit $35,900 after a number of short positions were liquidated. This sharp price movement occurred against the backdrop of a significantly increased open interest on exchanges, which exceeded $15 billion.
📇 Currently, there are some differences in the assessment of BTC prospects by traders on major exchanges. In particular, the sentiment on Binance is more bearish compared to ByBit. However, the overall level of market uncertainty is still high.
#BTC #BTCMove #bullrunBtc #BullRun2024
BTC briefly hit $35,900 after a number of short positions were liquidated. This sharp price movement occurred against the backdrop of a significantly increased open interest on exchanges, which exceeded $15 billion.
📇 Currently, there are some differences in the assessment of BTC prospects by traders on major exchanges. In particular, the sentiment on Binance is more bearish compared to ByBit. However, the overall level of market uncertainty is still high.
#BTC #BTCMove #bullrunBtc #BullRun2024
Bitcoin is experiencing a surge in value as anticipated. However, this may be the final surge, so traders should be cautious and use tight stop-loss in their trades. There may be a period of sideways movement to increase confidence among traders.
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance area: $36,000-$37,000
#BTCanalysis #BTC🔥🔥 #BTC #BitcoinETFLaunch #BTCMove
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance area: $36,000-$37,000
#BTCanalysis #BTC🔥🔥 #BTC #BitcoinETFLaunch #BTCMove
#MyFirstFeedPost Hello, Binance Square!
I hate rockets🚀
Let me explain.
I am a novice trader though I've been trading for 5 years.
Never bothered to fully learn so im reliant on eyeballing market movements, news, and I only recently learnt how to use moving averages.
Part of that news is looking at these guys who provide signals.
Some are misleading (because of misinformation, market went in a different) and some are right but the 🚀 gang are the most misleading.
"#BTCMove 🚀 if you arent going long then you will cry big tears" they would post. And you buy BTC and it crashes. It was a bear trap or a troll.
This is why I am advocating for a snopes like platform that has an API. Where if someone sees misinformation or trolling or a bear trap, they can add that to the post to avoid trading errors.
We're here to make money and have fun. Lets keep it clean and let losses be losses and wins be genuine wins.
Thanks
I hate rockets🚀
Let me explain.
I am a novice trader though I've been trading for 5 years.
Never bothered to fully learn so im reliant on eyeballing market movements, news, and I only recently learnt how to use moving averages.
Part of that news is looking at these guys who provide signals.
Some are misleading (because of misinformation, market went in a different) and some are right but the 🚀 gang are the most misleading.
"#BTCMove 🚀 if you arent going long then you will cry big tears" they would post. And you buy BTC and it crashes. It was a bear trap or a troll.
This is why I am advocating for a snopes like platform that has an API. Where if someone sees misinformation or trolling or a bear trap, they can add that to the post to avoid trading errors.
We're here to make money and have fun. Lets keep it clean and let losses be losses and wins be genuine wins.
Thanks
#BTC #btctoday #BTCMove $BTC $ETH
BITCOIN PRICE SURGES TO 18-MONTH HIGH ABOVE $37,000 ON ETF ENTHUSIASM
Bitcoin spot ETF enthusiasm is pushing its price higher, with the cryptocurrency setting an 18-month high on Thursday.The $37,000 milestone sets up the more significant $40,000 psychological barrier to be broken, instilling a renewed sense of optimism in the cryptocurrency community.
But as Bitcoin continues to capture headlines and the attention of both retail and institutional investors, the question on everyone's mind is whether this bullish trend will persist into the new year.
what's you think about it ?
comment your predictions .
BITCOIN PRICE SURGES TO 18-MONTH HIGH ABOVE $37,000 ON ETF ENTHUSIASM
Bitcoin spot ETF enthusiasm is pushing its price higher, with the cryptocurrency setting an 18-month high on Thursday.The $37,000 milestone sets up the more significant $40,000 psychological barrier to be broken, instilling a renewed sense of optimism in the cryptocurrency community.
But as Bitcoin continues to capture headlines and the attention of both retail and institutional investors, the question on everyone's mind is whether this bullish trend will persist into the new year.
what's you think about it ?
comment your predictions .
$35,000 is the most important resistance for #Bitcoin #BTC🔥🔥 #BTCMove #BinanceSquareTalks
#aPharmacist
#aPharmacist
#etf #BTC🔥🔥 #BTCMove #BullishCross
I think there are only 3 things relevant right now and here are the 3 things.
The halving is coming with 100% certainty.
And as far as I can see, most of the selling of #BTC in the market is the bitcoin miners that have to sell in order to pay their electricity bills & pay their debt expenses & their operating expenses.
So that amount of selling pressure is going to be cut in half in a few months, so we know that’s coming.
And then we know there a spot Bitcoin ETF coming and when that comes we plug into Wall Street and the entire banking system.
And then finally that fair value accounting is coming and when that happens the objective will go away.
And now you’re going to introduce this as a conversation into hundreds of boardrooms.
They will not move in a week. They move quarterly but over the course of 12 quarters, you’ll start to see company after company looking at this & you’ll start to see a reallocation of assets.
At the end of the day, corporations only hold 2 assets.
They hold cash and they hold bonds and so if Bitcoin is available as an asset pari passu to a bond, then you’ll see a reallocation from bonds to Bitcoin.
And then in the institutional investor side, you’ve got all these people holding real estate, holding commodities, holding gold, holding ETF and S&P indexes and the like.
And if they start to reallocate and they will, 1% and 2% and 5%. Then you’re going to have something that has never happened in the history of the world which is you’ve got an ETF on a commodity that is scarce.
Every other ETF in the world is on an asset that is not scarce, it’s inflationary.
You can make more buildings, you can make more real estate, you can make more gold, you can make more commodities.
You can make $4 billion worth of any of any of those things.
The underlying producers produce more of the asset to deflate or to depreciate the price.
I think there are only 3 things relevant right now and here are the 3 things.
The halving is coming with 100% certainty.
And as far as I can see, most of the selling of #BTC in the market is the bitcoin miners that have to sell in order to pay their electricity bills & pay their debt expenses & their operating expenses.
So that amount of selling pressure is going to be cut in half in a few months, so we know that’s coming.
And then we know there a spot Bitcoin ETF coming and when that comes we plug into Wall Street and the entire banking system.
And then finally that fair value accounting is coming and when that happens the objective will go away.
And now you’re going to introduce this as a conversation into hundreds of boardrooms.
They will not move in a week. They move quarterly but over the course of 12 quarters, you’ll start to see company after company looking at this & you’ll start to see a reallocation of assets.
At the end of the day, corporations only hold 2 assets.
They hold cash and they hold bonds and so if Bitcoin is available as an asset pari passu to a bond, then you’ll see a reallocation from bonds to Bitcoin.
And then in the institutional investor side, you’ve got all these people holding real estate, holding commodities, holding gold, holding ETF and S&P indexes and the like.
And if they start to reallocate and they will, 1% and 2% and 5%. Then you’re going to have something that has never happened in the history of the world which is you’ve got an ETF on a commodity that is scarce.
Every other ETF in the world is on an asset that is not scarce, it’s inflationary.
You can make more buildings, you can make more real estate, you can make more gold, you can make more commodities.
You can make $4 billion worth of any of any of those things.
The underlying producers produce more of the asset to deflate or to depreciate the price.
Goodluck for new week to everyone 🥷🏼🚀
You guys still have $ to buy the dips 🐻
#BTC #BTCMove #BuyingOpportunity
You guys still have $ to buy the dips 🐻
#BTC #BTCMove #BuyingOpportunity
Miners sold more #Bitcoin than minted in October
How it will affect #BTC🔥🔥 price?
Leading Bitcoin miners sold 5,492 BTC during October’s market rally, exceeding their monthly production.
A notable surge in the sale of newly mined tokens was observed from public Bitcoin miners last month. According to reports, 13 leading mining entities disposed of an amount exceeding the BTC tokens they minted in October, even as the token experienced a 26% monthly surge.
Insights from TheMinerMag show that the sell-production ratio for players like Marathon Digital Holdings and Core Scientific Inc. crossed the 100% threshold. This indicates that they sold not only the entirety of their October Bitcoin yield but also tokens from existing reserves. Hut 8 and Bit Digital opted to sell a greater number, liquidating more than 300% of their produced BTC tokens in October.
#Bitcoin_Talk #BTCMove #crypto $BTC
How it will affect #BTC🔥🔥 price?
Leading Bitcoin miners sold 5,492 BTC during October’s market rally, exceeding their monthly production.
A notable surge in the sale of newly mined tokens was observed from public Bitcoin miners last month. According to reports, 13 leading mining entities disposed of an amount exceeding the BTC tokens they minted in October, even as the token experienced a 26% monthly surge.
Insights from TheMinerMag show that the sell-production ratio for players like Marathon Digital Holdings and Core Scientific Inc. crossed the 100% threshold. This indicates that they sold not only the entirety of their October Bitcoin yield but also tokens from existing reserves. Hut 8 and Bit Digital opted to sell a greater number, liquidating more than 300% of their produced BTC tokens in October.
#Bitcoin_Talk #BTCMove #crypto $BTC
#Web3Wallet #BTCMove #BNBecosystem
THE SLOP IS UP AND THE CANDLE GREEN📊📊📈📉📊📊
Join to earn more now
Appexindex.com
THE SLOP IS UP AND THE CANDLE GREEN📊📊📈📉📊📊
Join to earn more now
Appexindex.com