Matrixport: ETF approval could push Bitcoin to $56,000
Approval by the SEC to launch a spot Bitcoin ETF will lay the groundwork for Bitcoin's price to rise to $42,000–$56,000, according to Matrixport analysts.
Matrixport: ETF approval could push Bitcoin to $56,000
Approval by the SEC to launch a spot Bitcoin ETF will lay the groundwork for Bitcoin's price to rise to $42,000–$56,000, according to Matrixport analysts.
CryptoQuant: Spot Bitcoin ETF approval would push Bitcoin to $50,000–73,000
The cryptocurrency market’s capitalization would rise by $1 trillion if a spot Bitcoin-ETF is approved in the United States. Analysts at CryptoQuant have provided such estimates.
BlackRock CEO Explains Bitcoin Rally Amid News of ETF Approval
CEO BlackRock Larry Fink: Bitcoin rally on unconfirmed news regarding the approval of a spot ETF signals 'unmet demand for digital assets'.
Bitcoin breaches $30,000 on rumors of BlackRock ETF approval
On October 16, Cointelegraph reported the SEC's approval of a spot Bitcoin ETF from BlackRock. Amid the rumors, the price of the leading cryptocurrency rose above $30,000, but the outlet later deleted the post.
U.S. inflation slowdown stalls; Bitcoin volatility returns
US consumer price inflation in September rose 3.7% year over year, as in the previous month, beating forecasts of 3.6%. Bitcoin traded with mixed moves around $26,800.
Analyst points to potential Bitcoin rally after breaking above $27,900
Bitcoin price is expected to rise substantially if it holds above $27,900. The level matches the MVRV indicator for short-term market participants, according to CryptoQuant analyst Maartunn.
Bitcoin price tests the $28,000 level for the second time this week.
Bitcoin, the leading cryptocurrency, tested the $28,000 mark for the second time this week.
Experts flag strong prospects for further Bitcoin growth
September closed higher for the first time in eight years, fueling bullish sentiment for October, according to Bitfinex analysts.
Bitcoin clears the $28,000 level.
On Monday, October 2, the price of the first cryptocurrency rose above $28,000.
Opinion: The ‘golden cross’ in the dollar index won’t threaten Bitcoin
Concerns about the impact of a stronger U.S. dollar on digital gold may be overstated, especially over the long term. The two assets are not closely correlated.
Rising US government-bond yields dampen Bitcoin’s appeal
Since the start of the third quarter, the leading cryptocurrency and the S&P 500 have fallen by 14% and 3%, respectively. The reason lies in rising yields on risk-free U.S. government bonds, CoinDesk reports.
Former Alameda employee reveals cause of 87% Bitcoin drop on Binance.US in 2021
The bankrupt Alameda Research tied to Sam Bankman-Fried is said to have caused the glitch that briefly saw the Bitcoin price on the Binance.US exchange plunge by 87% in 2021, according to a former employee of the firm.We use cookies to improve the quality of our service.
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