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Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals

Bitcoin Consolidates in the Short Term Bitcoin's 1-hour chart presents a scene of consolidation, with BTC's price movements showing less directionality compared to longer timeframes. Notably, there was a sharp decline to approximately $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the spot bitcoin exchange-traded fund (ETF) approvals. However, […]

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SEC Chair on Spot Bitcoin ETF Approval and Centralization

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, discussed the irony of spot bitcoin exchange-traded funds (ETFs) in an interview with CNBC on Friday. The securities regulator approved 11 spot bitcoin ETFs last week. Centralization

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Blackrock’s Spot Bitcoin ETF Acquires 11,439 BTC Worth $500 Million

Blackrock's Ishares Bitcoin Trust's BTC Holdings Blackrock's spot bitcoin exchange-traded fund (ETF), known as the Ishares Bitcoin Trust (IBIT), has recently acquired 11,439 bitcoin. This amounts to a market value of approximately $500 million. The ETF began trading on the Nasdaq stock exchange just two days ago. It is worth noting that the U.S. Securities

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Ark Invest CEO Cathie Wood Doubles Down on Bullish Bitcoin Forecast, Sees Increased Probability of $1.5 Million Price

Introduction Cathie Wood, the CEO of Ark Investment Management (Ark Invest), has reiterated her optimistic bitcoin price predictions, now suggesting a higher likelihood of the cryptocurrency's value surging to $1.5 million per coin. Wood emphasized that the recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has further

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SEC Commissioner Slams Delay in Approving Spot Bitcoin ETFs

SEC Commissioner Hester Peirce criticizes agency for holding back spot bitcoin ETFs SEC Commissioner Hester Peirce has expressed her disappointment with the delay in approving spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a statement, she criticized the agency's arbitrary and capricious treatment of applications, stating that it will

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Robert Kiyosaki Predicts BTC Will Soon Hit $150K as SEC Approves Bitcoin ETFs — Says ‘I Will Be Buying More Bitcoin’

Robert Kiyosaki Expresses Confidence in Bitcoin Price Surge Renowned author and Rich Dad Poor Dad co-author, Robert Kiyosaki, has once again expressed his optimistic outlook on the price of bitcoin, predicting that it will soon reach $150,000. This comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot bitcoin exchange-traded funds (ETFs). Kiyosaki,

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Gold Rush Continues – Central Banks Purchased 44 Tonnes in November

Central Banks Kept Buying Gold in November According to Krishan Gopaul, a senior analyst at the World Gold Council, central banks around the world continued to add gold to their reserves in November. Public records and reports from the International Monetary Fund (IMF) show that these banks purchased a total of 44 tonnes of gold

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Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse

Former Bitmex CEO's Bitcoin Price Forecast Former CEO of Bitmex, Arthur Hayes, has recently shared his predictions for a potential correction in the bitcoin market. In a Medium post, Hayes stated that he expects a 30% to 40% correction due to a dollar liquidity rug pull. He also warned that the introduction of spot bitcoin

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