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Bitcoin's Consolidation on 1-Hour Chart Bitcoin's 1-hour chart shows a period of consolidation, with the price of BTC moving without a clear direction compared to longer timeframes. However, there was a significant drop to around $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the approval of the spot bitcoin […]

Market Sentiment on U.S. Federal Reserve's Strategies for 2024 Market sentiment remains cautious as investors speculate on the U.S. Federal Reserve's strategies for 2024. There is growing anticipation of a potential rate cut by March. This sentiment follows remarks made by Federal Reserve Governor Christopher Waller during an address at the Brookings Institution in Washington.

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Introduction In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules and allow options trading on commodity-based trust shares, specifically targeting bitcoin-based exchange-traded funds (ETFs). This initiative, detailed in the 19b-4 filing with the Securities and Exchange Commission (SEC), marks a significant advancement in the financial products available for cryptocurrency

Gamestop's Decision to Shut Down the NFT Marketplace In a prominent announcement on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to close the platform on February 2, 2024. This means that users of the Gamestop NFT market will no longer be able to buy, sell, or create NFTs. The Pause

Kevin O’Leary Won’t Invest in Spot Bitcoin ETFs Kevin O’Leary, also known as Mr. Wonderful, recently expressed his views on spot bitcoin exchange-traded funds (ETFs) in an interview with Fox Business. As an investor on Shark Tank and the chairman of O’shares Investments and O’Leary Ventures, O’Leary was asked to provide advice on investing in

Altcoins Ascend as Index Points to Season’s Entry In early December 2023, cryptocurrency enthusiasts were eagerly awaiting the arrival of the altcoin season. Bitcoin.com News reported on this topic, referring to the Altcoin Season Index from blockchaincenter.net, which had a rating of 47 out of 100. At that time, the index indicated that it wasn't

Blackrock's Spot Bitcoin ETF Acquires 11,439 BTC Blackrock's spot bitcoin exchange-traded fund (ETF) has recently obtained 11,439 bitcoin, valued at approximately $500 million. This impressive acquisition occurred within just two days of trading on the Nasdaq stock exchange. The Ishares Bitcoin Trust, managed by Blackrock, was one of the 11 spot bitcoin ETFs approved by

Vanguard's Stance on Spot Bitcoin ETFs Several investment firms, including Vanguard, have made the decision to block customers from trading spot bitcoin exchange-traded funds (ETFs). Vanguard, a leading investment firm, explained that these products do not align with their focus on asset classes such as equities, bonds, and cash. As a result, customers who were

Lawmakers Call for Briefing on SEC's Compromised X Account Four U.S. lawmakers have written a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, demanding a briefing on the SEC's compromised X account. The account was breached, leading to a false tweet on January 9 announcing the approval of bitcoin exchange-traded funds (ETFs),