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Bitcoin Analysis in October: Will it Be an Octobull or an Octobear?
Currently, Bitcoin (BTC) is showing an interesting trend for October 2024, often referred to as âUptoberâ due to its historically positive trend. As of early October, BTC was trading at around $61,000, although it has seen a decline in recent daysâ
There are predictions that this month could be a big opportunity for traders. Analysts at Kaiko Research reported an increase in BTC options volume on the Deribit exchange, with many traders betting that Bitcoin will reach the $70,000 range by the end of the month. BTC prices have only fallen in October twice since 2013. Additionally, historical data shows that the average BTC return in October is around 22.90%.
Technically, Bitcoin is currently showing a pattern similar to 2023. Last year, Bitcoin experienced a consolidation phase or what could also be called an accumulation phase for 217 days, or around 6 months, starting from March to October. During this period, the price of Bitcoin moved in a relatively narrow range before finally experiencing a significant price spike. From its low of around $24,000, Bitcoin posted a spectacular +205% rally, reaching a high of around $73,000.
It should be noted that this sharp increase occurred in mid-October 2023, which was an important turning point in the crypto market. A similar pattern seems to be starting to form again in 2024, where Bitcoin returns to October with high hopes from investors and traders. Many parties predict that Bitcoin has the potential to experience another significant price spike, with estimates that it will reach $70,000 by the end of October 2024.
#bitcoinâïž #Solana #ETFApprouval #ETH #
Bitcoin Analysis in October: Will it Be an Octobull or an Octobear?
Currently, Bitcoin (BTC) is showing an interesting trend for October 2024, often referred to as âUptoberâ due to its historically positive trend. As of early October, BTC was trading at around $61,000, although it has seen a decline in recent daysâ
There are predictions that this month could be a big opportunity for traders. Analysts at Kaiko Research reported an increase in BTC options volume on the Deribit exchange, with many traders betting that Bitcoin will reach the $70,000 range by the end of the month. BTC prices have only fallen in October twice since 2013. Additionally, historical data shows that the average BTC return in October is around 22.90%.
Technically, Bitcoin is currently showing a pattern similar to 2023. Last year, Bitcoin experienced a consolidation phase or what could also be called an accumulation phase for 217 days, or around 6 months, starting from March to October. During this period, the price of Bitcoin moved in a relatively narrow range before finally experiencing a significant price spike. From its low of around $24,000, Bitcoin posted a spectacular +205% rally, reaching a high of around $73,000.
It should be noted that this sharp increase occurred in mid-October 2023, which was an important turning point in the crypto market. A similar pattern seems to be starting to form again in 2024, where Bitcoin returns to October with high hopes from investors and traders. Many parties predict that Bitcoin has the potential to experience another significant price spike, with estimates that it will reach $70,000 by the end of October 2024.
#bitcoinâïž #Solana #ETFApprouval #ETH #
đșđžđŁ $XRP ETF Rumors are circulating that Bitwise has registered Delaware Trust for XRP ETF
Official confirmation not yet
#XRPGoal #Rippleđ° #ETFApprouval
Official confirmation not yet
#XRPGoal #Rippleđ° #ETFApprouval
$BTC
The volume of all stablecoins is now $77.03 billion, which is 94.17% of the total crypto market 24-hour volume, as per data available on #CoinMarketCap.
In the last 24 hours, the market cap of Bitcoin, the world's largest #cryptocurrency, rose to $1.346 trillion.
Bitcoin's dominance is currently 53.1%, according to Coin MarketCap. $BTC volume in the last 24 hours surged 4.85% to $28 billion.
$BTC continues to range in the lower time frame. In the higher time frame (HTF), it still needs to clear key resistance levels around $71,000 and $73,000. must hold above $67,000 to avoid a potential small dip, said Coin DCX Research Team.
#altcoins #bitcoin #etherreum #ETFApprouval
The volume of all stablecoins is now $77.03 billion, which is 94.17% of the total crypto market 24-hour volume, as per data available on #CoinMarketCap.
In the last 24 hours, the market cap of Bitcoin, the world's largest #cryptocurrency, rose to $1.346 trillion.
Bitcoin's dominance is currently 53.1%, according to Coin MarketCap. $BTC volume in the last 24 hours surged 4.85% to $28 billion.
$BTC continues to range in the lower time frame. In the higher time frame (HTF), it still needs to clear key resistance levels around $71,000 and $73,000. must hold above $67,000 to avoid a potential small dip, said Coin DCX Research Team.
#altcoins #bitcoin #etherreum #ETFApprouval
#bome what you think.should hold or sell now .my entry is .016 and currently market price is .013443
#Write2Earn! #StartInvestingInCrypto #ETFApprouval #BTC500K
#Write2Earn! #StartInvestingInCrypto #ETFApprouval #BTC500K
The outflow of funds from Bitcoin ETFs continued for six days.
#ETFEthereum #ETFApprouval #ETHđ„đ„đ„đ„
#ETFEthereum #ETFApprouval #ETHđ„đ„đ„đ„
BREAKING: There is now a 70% chance that the Spot #Ethereum ETF will be approved!
This could be a game-changer for the crypto market. Stay tuned for more updates!
#Crypto #EthereumNews #ETFApprouval #CryptoUpdates
$BTC $ETH
This could be a game-changer for the crypto market. Stay tuned for more updates!
#Crypto #EthereumNews #ETFApprouval #CryptoUpdates
$BTC $ETH
Hashdex Combined Bitcoin and Ethereum ETF Acknowledged By US SEC đŁ
First Round of Comments on Hashdex ETF Filing
The Commission released a filing a few days ago, acknowledging Hashdexâs interest in listing and trading a combined spot Bitcoin and Ethereum ETF. đ«
Consequently, the SEC noted that it was publishing the notice to solicit comments from the public on the proposed rule change. Noteworthy, the ETF, titled Hashdex Nasdaq Crypto Index US ETF, is designed to provide institutional investors with direct exposure to both Bitcoin and Ethereum. It will achieve this while circumventing the risks associated with these digital currencies.
Hashdexâs filing was highlighted by Nate Geraci, the President of ETF Store. In the companyâs filing to the SEC, it was stated that the proposed ETF will be managed and controlled by Hashdex but administered by Tidal ETF Services LLC. Should the securities regulator give its approval to the 19b-4 filing for combined spot Bitcoin and Ethereum, Hashdex will also need approval for an S-1 application.
Additionally, the asset manager intends to enter into an agreement with Coinbase Custody Trust Company and Bitcoin Trust. This entity will serve as custodians for the underlying BTC and ETH. If the public comments are in favor of Hashdexâs combined spot Bitcoin and Ethereum ETF application, the SEC may still delay in making a decision on the filing.
However, the deadline for the Commissionâs approval is likely around March 2025.
#ETF_ETH #ETFvsBTC #ETFApprouval
First Round of Comments on Hashdex ETF Filing
The Commission released a filing a few days ago, acknowledging Hashdexâs interest in listing and trading a combined spot Bitcoin and Ethereum ETF. đ«
Consequently, the SEC noted that it was publishing the notice to solicit comments from the public on the proposed rule change. Noteworthy, the ETF, titled Hashdex Nasdaq Crypto Index US ETF, is designed to provide institutional investors with direct exposure to both Bitcoin and Ethereum. It will achieve this while circumventing the risks associated with these digital currencies.
Hashdexâs filing was highlighted by Nate Geraci, the President of ETF Store. In the companyâs filing to the SEC, it was stated that the proposed ETF will be managed and controlled by Hashdex but administered by Tidal ETF Services LLC. Should the securities regulator give its approval to the 19b-4 filing for combined spot Bitcoin and Ethereum, Hashdex will also need approval for an S-1 application.
Additionally, the asset manager intends to enter into an agreement with Coinbase Custody Trust Company and Bitcoin Trust. This entity will serve as custodians for the underlying BTC and ETH. If the public comments are in favor of Hashdexâs combined spot Bitcoin and Ethereum ETF application, the SEC may still delay in making a decision on the filing.
However, the deadline for the Commissionâs approval is likely around March 2025.
#ETF_ETH #ETFvsBTC #ETFApprouval
Bitcoin experienced a repeated oscilliation from 60,000 to 61,000⌠Significicant market movment is about to happen⌠Is it going to surge to 80,000 or falling below 50,000â
The market reversal will not be so fast. The plunge may continue for a long time.
Therefore, Bitcoin once again fell below 60,000 from 72,000 and reach the 50,000 range. It is not likely that it will hit a new high again. The purpose of market manipulators initiated the washout to exploit investors to make money is quite obvious, so the downward trend will not end so quickly. Perhaps there will be a rally in the following market with an oscilliation below 65,000.
The overall downward trend will not be broken in a short time, and it is also not likely will hit the position of 70,000. If BTC want to hit $70,000 , it should have experienced an upsurge to break through the new high as early as it reached $72,000 last time, but it is obvious that the market has chosen to initate a pullback. Therefore, only when the market goes through a long-term period of washout after this pullback can BTC will rise. In a short period of time, it is still safer and more profitable to take advantage of this rally to go short. #ETFApprouval #MTGOX
The market reversal will not be so fast. The plunge may continue for a long time.
Therefore, Bitcoin once again fell below 60,000 from 72,000 and reach the 50,000 range. It is not likely that it will hit a new high again. The purpose of market manipulators initiated the washout to exploit investors to make money is quite obvious, so the downward trend will not end so quickly. Perhaps there will be a rally in the following market with an oscilliation below 65,000.
The overall downward trend will not be broken in a short time, and it is also not likely will hit the position of 70,000. If BTC want to hit $70,000 , it should have experienced an upsurge to break through the new high as early as it reached $72,000 last time, but it is obvious that the market has chosen to initate a pullback. Therefore, only when the market goes through a long-term period of washout after this pullback can BTC will rise. In a short period of time, it is still safer and more profitable to take advantage of this rally to go short. #ETFApprouval #MTGOX
đșđž JUST IN: US spot bitcoin ETFs saw daily net outflows of $13.62 million yesterday.
#cryptotipshop #followers.#ETFApprouval
#cryptotipshop #followers.#ETFApprouval
đ„BREAKING: $ETH ETFS TO LAUNCH TUESDAY JULY 23RD.
$BTC $SOL
#ETFEthereum #ETFApprouval #ETFvsBTC #ETFvsBTCv
$BTC $SOL
#ETFEthereum #ETFApprouval #ETFvsBTC #ETFvsBTCv
What Is an Ethereum ETF?
What Is an Ethereum ETF?
Ethereum ETF allows investors to gain exposure to ether (ETH) without the need to directly buy or store the asset, enabling a wider range of investors to access the crypto market.
~Ethereum ETFs provide various benefits, including regulatory protection and liquidity, but also come with risks, such as volatility and potential differences between the actual price of ETH and the value of the Ethereum ETF shares.
~Choosing to invest in an Ethereum ETF should be based on your financial goals, risk tolerance, and how involved you want to be with your investments.
What Is an ETF?
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges. ETFs hold a collection of assets, such as stocks, bonds, commodities, or cryptocurrencies, and are designed to track the performance of a specific index or asset.
What Is an Ethereum ETF?
An Ethereum ETF is a type of ETF that tracks the price of ether (ETH). It allows investors to gain exposure to ETHâs price movements without having to deal with the difficulties of managing crypto wallets and exchange accounts. Investors can purchase shares of the Ethereum ETF allowing them to trade ETH through a familiar investment environment, such as a brokerage account.
How Does an Ethereum ETF Work?
An Ethereum ETF can either hold ETH directly or invest in futures contracts that are tied to the price of ETH. Letâs take a closer look at how an Ethereum ETF works:
1. Fund creation: Large financial institutions create shares of the ETF by purchasing ETH and contributing it to the ETF. They may also invest in futures contracts instead of holding ETH.
2. Tracking ETHâs price: The Ethereum ETF closely tracks the price of ether. If its price rises, the value of the ETF shares should also increase, and vice versa.
3. Trading on exchanges: The shares of the Ethereum ETF can then be listed and traded on various stock exchanges, such as Nasdaq. Investors can buy and sell these shares throughout the trading day, just like they would with stocks.
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval
$ETH
Ethereum ETF allows investors to gain exposure to ether (ETH) without the need to directly buy or store the asset, enabling a wider range of investors to access the crypto market.
~Ethereum ETFs provide various benefits, including regulatory protection and liquidity, but also come with risks, such as volatility and potential differences between the actual price of ETH and the value of the Ethereum ETF shares.
~Choosing to invest in an Ethereum ETF should be based on your financial goals, risk tolerance, and how involved you want to be with your investments.
What Is an ETF?
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges. ETFs hold a collection of assets, such as stocks, bonds, commodities, or cryptocurrencies, and are designed to track the performance of a specific index or asset.
What Is an Ethereum ETF?
An Ethereum ETF is a type of ETF that tracks the price of ether (ETH). It allows investors to gain exposure to ETHâs price movements without having to deal with the difficulties of managing crypto wallets and exchange accounts. Investors can purchase shares of the Ethereum ETF allowing them to trade ETH through a familiar investment environment, such as a brokerage account.
How Does an Ethereum ETF Work?
An Ethereum ETF can either hold ETH directly or invest in futures contracts that are tied to the price of ETH. Letâs take a closer look at how an Ethereum ETF works:
1. Fund creation: Large financial institutions create shares of the ETF by purchasing ETH and contributing it to the ETF. They may also invest in futures contracts instead of holding ETH.
2. Tracking ETHâs price: The Ethereum ETF closely tracks the price of ether. If its price rises, the value of the ETF shares should also increase, and vice versa.
3. Trading on exchanges: The shares of the Ethereum ETF can then be listed and traded on various stock exchanges, such as Nasdaq. Investors can buy and sell these shares throughout the trading day, just like they would with stocks.
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval
$ETH
$BTC is currently encountering resistance at the value area low of the range from March to June.
Additionally, a high volume node is evident on the volume profile.
If we manage to break out decisively in the coming days, there is a high probability of pushing up to $67K,
where the point of control is located.
#US_Inflation_Easing_Alert #bitcoinâïž #EarnFreeCrypto2024 #ETFApprouval #ETFvsBTC
Additionally, a high volume node is evident on the volume profile.
If we manage to break out decisively in the coming days, there is a high probability of pushing up to $67K,
where the point of control is located.
#US_Inflation_Easing_Alert #bitcoinâïž #EarnFreeCrypto2024 #ETFApprouval #ETFvsBTC
When news of #ETFApprouval comes, people get excited and they try to maximise their investment and want to earn more.
So the news from the cent out is that it seems that $SOL
ETF has been requested and it pumped shortly.
But we all already know that what happened to Eth after its #ETFGrowth ..
So if u are fully shorting it now, SOL is 161.33 just incase it deliberately goes up even more. $BTC is still stuck at 61.5k so this is 99% a golden chance.
$SOL
So the news from the cent out is that it seems that $SOL
ETF has been requested and it pumped shortly.
But we all already know that what happened to Eth after its #ETFGrowth ..
So if u are fully shorting it now, SOL is 161.33 just incase it deliberately goes up even more. $BTC is still stuck at 61.5k so this is 99% a golden chance.
$SOL
BREAKING NEWS âŒïžâŒïžâŒïžđšđšđš Ethereum ETFs Finally Start Trading TomorrowâHere's What to Expect
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval #ETFNewsUpdate
đ Analysts predict that while Ethereum (ETH) might reach an all-time high, the immediate launch aftermath could be "underwhelming".
đ Ethereum exchange-traded funds (ETFs) will debut in U.S. markets tomorrow, following SEC approval in May and trading authorization today.
đ The Bitcoin ETF equivalent has been highly successful since its January launch, attracting traditional investors who can now access cryptocurrency exposure via traditional stock exchanges.
đž Will traders rush to invest in Ethereum funds, potentially driving ETH to an all-time high? Market experts caution that the outcome might not bev immediate.
đŽ "Hold your horses," says Greg Magadini, derivatives director at Amberdata. He expects disappointing inflows for ETH ETFs, citing lackluster demand for Ethereum futures.
đ Magadini notes that before Bitcoin ETFs launched, traders were eager for exposure, and the derivatives market was active. However, the same enthusiasm might not be present for Ethereum ETFs.
#Write2Earn!
#ETH_ETFs_Trading_Today #ETFEthereum #ETFApprouval #ETFNewsUpdate
đ Analysts predict that while Ethereum (ETH) might reach an all-time high, the immediate launch aftermath could be "underwhelming".
đ Ethereum exchange-traded funds (ETFs) will debut in U.S. markets tomorrow, following SEC approval in May and trading authorization today.
đ The Bitcoin ETF equivalent has been highly successful since its January launch, attracting traditional investors who can now access cryptocurrency exposure via traditional stock exchanges.
đž Will traders rush to invest in Ethereum funds, potentially driving ETH to an all-time high? Market experts caution that the outcome might not bev immediate.
đŽ "Hold your horses," says Greg Magadini, derivatives director at Amberdata. He expects disappointing inflows for ETH ETFs, citing lackluster demand for Ethereum futures.
đ Magadini notes that before Bitcoin ETFs launched, traders were eager for exposure, and the derivatives market was active. However, the same enthusiasm might not be present for Ethereum ETFs.
#Write2Earn!