The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds on the New York Stock Exchange and the Chicago Board Options Exchange. According to Oct.
Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.
Cardano founder Charles Hoskinson is quite confident of what the Layer-1 blockchain network can achieve in a few years. He recently stated that the Cardano network will see the achievements of Bitcoin (BTC) and the Ethereum (ETH) network in the next 10 years.
On October 18, the US Securities and Exchange Commission (SEC) approved a rule change that allows the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to offer options trading for multiple spot Bitcoin exchange-traded funds (ETFs).
Legal struggle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs is heating up once again. The SEC has officially filed an appeal against a pivotal ruling by Judge Analisa Torres, reigniting discussions on whether XRP sales on cryptocurrency exchanges qualify as securities.
Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally.
XRP's recent price action suggests that we might be on the brink of a breakout. Historical patterns indicate that XRP tends to rally following Bitcoin's price movements. Current market conditions show that XRP has not yet peaked, as significant volume is building, hinting at strong demand.
The Bitcoin price and the bull run appear to be back on the right track after recording its best weekly performance in the past month. Despite starting the week quietly and hovering around the $63,000 level, the premier cryptocurrency received fresh bullish momentum mid-week, pushing its value to almost $69,000 on Friday.
BlackRock ETF head Samara Cohen has told CNBC that most demand for Bitcoin comes through investment tools like ETFs, not direct purchases from crypto exchanges.
Recently, Bitwise CIO Matt Hougan expressed optimism about Bitcoin. He said the cryptocurrency was due for a significant rally that would drive the token price well into six-figure territory due to several factors.
Bitcoin is currently showing strong bullish signals on larger time frames, hinting at a potential repeat of historical price patterns. However, in the short term, new indicators are emerging that demand attention. Additionally, liquidity is accumulating above the current Bitcoin price, hinting at further upward potential.
According to on-chain data, a long-dormant Bitcoin whale has reemerged just as Bitcoin (BTC) briefly touched the $69,000 mark.
XRP holders have received a wave of positive news after the U.S. Securities and Exchange Commission (SEC) revealed its decision not to challenge XRP's legal status as part of its ongoing appeal in the Ripple case. This move signals a small victory for Ripple and its supporters, as the cryptocurrency's classification as “not a security” remains intact.
"There's a slight upside risk if they identify someone who is deceased, as this would effectively 'burn' Satoshi's supply," a crypto analyst said.
The argument that XRP is a security remains in the ecosystem despite the clear stance of the Court on the subject. In July 2023, Judge Analisa Torres ruled that XRP is not a security when traded on secondary marketplaces.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Bitcoin is showing strong signs of bullish momentum with its price hovering above $68,000. Key technical indicators, chart patterns, price action, whale activity, and Bitcoin ETF inflows are pointing toward an upward rally. With only a few days until the election, all eyes are on how Bitcoin will react.
Magnetic X, a rapidly emerging decentralized exchange built on the XRP Ledger, recently fended off a significant distributed denial of service (DDoS) attack. The attack aimed to disrupt services by inundating the platform with a barrage of requests.
Speculation about an XRP ETF approval has intensified after Bitwise updated its filing, raising hopes for a broader cryptocurrency market surge.
A bearish divergence appeared on Bitcoin's chart. Will it push BTC down to $66k again?
Bitcoin price is gaining significant momentum, trading near $68,350 and hitting an intra-day peak of $68,955. The rally follows the SEC's approval of Bitcoin ETF options, which has increased liquidity and spurred institutional investment.
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A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that's exploded by over 9x in days.
CryptoQuant says the expansion of Bitcoin apparent demand is necessary for BTC to rally sustainably to record highs.
Ripple vs SEC battle extends to the end of 2025 as the US Securities and Exchange Commission (SEC) decides to appeal district court rulings. Ripple plans to cross-appeal the arguments by the regulatory agency as it continues to threaten the crypto industry with regulation by enforcement approach.
Bitcoin bulls have more work to do for a major resistance flip while BTC price strength sees the highest daily close in over four months.
The price of Bitcoin (BTC) has continued its upward trend after breaking out on October 11. The largest cryptocurrency broke above the moving average lines and the $65,000 mark.
BlackRock, the world's largest asset manager, has purchased over $680 million in Bitcoin over just two days. This strategic acquisition is not only a testament to BlackRock's growing interest in digital assets but also aims to bolster the performance of its popular IBIT ETF.
Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows.
Bitcoin's price movement shows potential for significant upward momentum. Market sentiment remains bullish, driven by institutional interest.
ETF Institute co-founder Nate Geraci believes that spot Bitcoin exchange-traded funds (ETFs) could surpass Gold ETFs in the next two years if the current trajectory continues. In an opinion shared on X, Geraci noted that Gold ETFs were launched in 2004, which means they have a 20-year headstart on Bitcoin ETFs.
With BlackRock leading the Bitcoin charge, the cryptocurrency's best days likely remain ahead.
Bloomberg analyst Eric Balchunas has commented on yet another historic moment for the crypto market.
There's more to like about Bitcoin beyond its phenomenal upside potential. Just ask Mark Cuban.
The crypto market participants are anticipating the impact of Ripple's RLUSD stablecoin launch on XRP price. Some speculate that this could push XRP to $2, others suggest $1 is a reasonable target.
Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions. Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
WLD has performed the best in the past 24 hours from the top 100 alts.
BlackRock's spot Bitcoin exchange-traded product (ETP) is bringing in a crowd Wall Street isn't used to seeing. A ton of first-timers who are just crypto investors.
Spot Bitcoin ETFs in the U.S. attract billions in weekly net inflows as BTC's price approaches the $70,000 level.
Bitcoin's price has officially broken through key resistance levels, signaling a strong bullish trend that could propel it toward new all-time highs. According to Josh, a seasoned analyst from Crypto World, Bitcoin has been moving through a series of lower highs and lows, but recent movements suggest that the market has shifted gears, laying the groundwork for a major rally.
The US Spot Bitcoin ETF has recorded a record influx of over $2 billion this week, catching the eyes of investors. Notably, this surge in the Wall Street players' interest also appears to have boosted the broader market sentiment, as evidenced by the recent jump of BTC price to nearly $69K.
Fears about the ECB Bitcoin ban have swelled since a controversial report's release. Analyst Tuur Demeester warns that the report's negative portrayal of Bitcoin could justify harsh ECB Bitcoin regulation, including potential bans.
Over the last 30 days, Bitcoin has surged nearly 10.0%. The market appears extremely bullish right now. Since October 11, it has climbed consistently. Interestingly, since October 11, the Bitcoin Spot ETF market has experienced consistent positive net inflows. Meanwhile, key technical indicators point to a potential “golden cross”.
Here's what may drive XRP to a three-year high of $1 (according to ChatGPT).
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday.
The SEC recently filed its Form C, appealing a court ruling regarding Ripple's XRP sales. The appeal focuses on three key points: the sale of XRP through exchanges, Ripple's distribution of XRP to employees, and the sales made by executives Brad Garlinghouse and Chris Larsen.
The SEC has shared details about its appeal in the Ripple XRP lawsuit, confirming its intention to challenge a recent court decision. They filed a Form C on October 16, but there's some confusion because the court's stamp on the document shows it was filed on October 17.