SEC likely to allow Bitcoin futures ETF to trade next week: Reports
The long-awaited launch of a Bitcoin exchange-traded fund could finally arrive on Monday.
The long-awaited launch of a Bitcoin exchange-traded fund could finally arrive on Monday.
Rumours are circulating the SEC is about to announce that it will not oppose Futures ETF. This is an amazing piece of news. A few years ago, the idea of this concept would have been laughable. The SEC used to be 100% against and suspicious of anything crypto, but if todays announcements proves true, we…
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“Coordinated pumping of shares for profits can be illegal. We can see all trades and have access to trader identities,” said ASIC in a message to the ASX Pump Organization on Telegram.
Bitcoin is showing positive signs above the $57,000 level against the US Dollar. BTC could gain pace and it might even test the $60,000 resistance zone. Bitcoin started a fresh increase and it broke the $58,500 level. The price is now trading above $58,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue higher towards the $60,000 level in the near term. Bitcoin Price Remains In Uptrend Bitcoin price corrected a few points below the $58,000 level. However, downsides were limited below $57,000 and BTC started a fresh increase. The price traded as low as $56,888 and started a fresh increase. It surpassed the $57,500 and $58,000 resistance levels. There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair. The pair is now trading above $58,000 and the 100 hourly simple moving average. It is now trading near the $59,000 zone. Besides, the price is testing the 1.236 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low. On the upside, an initial resistance is near the $59,500 level. The first key resistance is near the $59,650 level. It is near the 1.618 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low. Source: BTCUSD on TradingView.com A clear break above the $59,650 resistance could open the doors for more upsides. The next major resistance sits near the $60,000 level, above which the price might surge towards the $62,000 level in the near term. Dips Limited In BTC? If bitcoin fails to clear the $59,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $58,200 level. The first major support is now forming near the $58,000 level (the recent breakout zone). A downside break below the $58,000 level could spark a larger decline. The next major support is now near the $56,800 level and the 100 hourly SMA. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 60 level. Major Support Levels – $58,200, followed by $58,000. Major Resistance Levels – $59,650, $60,000 and $62,000.
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The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle it.” Morgan Stanley’s CEO Says Bitcoin and Crypto Aren’t Going […]
The Washington insider will help the company navigate through increasingly turbulent regulatory waters.
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I recently transferred $30k in Roth funds to an IRA that allows me to purchase ETH The transfer took longer than I anticipated, and I missed the recent pullback to 3400 and now it’s at 3750. I know the ‘prudent’ path is to DCA in, but I’m worried I’ll be on sidelines while it climbs…
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