The US Securities and Exchange Commission (SEC) has approved the rule change to allow two top exchanges to trade options on spot Bitcoin ETF products.
As stated in a filing on Friday, the Wall Street securities watchdog gave accelerated regulatory approval to the New York Stock Exchange (NYSE). Notably, the NYSE, the largest stock exchange by market cap, will trade 11 spot Bitcoin ETF products.
The approved rule change allows the NYSE to offer investors access to options on the iShares Bitcoin Trust (IBIT), Franklin Bitcoin ETF (EZBC), the Grayscale Bitcoin Trust (GBTC), the Grayscale Bitcoin Mini Trust (BTC), among others. Furthermore, the Chicago Board Options Exchange (CBOE) also received the regulatory node to list options on 10 spot Bitcoin ETFs. The trading platform will list all the spot Bitcoin ETFs except the Grayscale Bitcoin Mini Trust (BTC).
#SEC #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
#Bitcoin Updates-
$BTC around $68.4k now...
..
Next week will starts with another jump of min. $2k-3k or may be good chances to reach out $73k too, but rare chance to break-out previous #ATH , B'coz $BTC first Retest for its resistance of $73k-$73.6k and then it's drop down to 3-5%....
then after,
it will be soon break-out of $73,750 price of previous ATH in October month end cycle.
Then, Bitcoin starts their new journey for making another #NewATH with high to high max. $95k to $108k upto 31st December, while lower min. will be around $88k-95k approx.
Let's see,
What's Next turning or returning moves, but keep in mind, that always Trade with StopLoss and #DYOR in Crypto, it's NFA 🙏
It's also #Write2Earn topic.
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$SLP
$SLP is trading near its recent high of 0.0029, up 26% from its recent low of 0.0023.
Analysis:
The steady increase suggests strong buying pressure and a potential continuation of the uptrend. $SLP's current price near the recent high indicates a bullish trend.
Risks:
1. Profit-taking: Investors may sell to realize gains.
2. Trend consolidation: Price may stabilize before further advancement.
Bullish Scenario:
1. Buy above 0.0029, targeting 0.0032 and 0.0035.
2. Stop-loss below 0.0025.
Risk Management:
1. Position size: 2-5% of portfolio.
2. Risk-reward ratio: 1:2 or 1:3.
Important Levels:
- Support: 0.0025, 0.0023
- Resistance: 0.0032, 0.0035, 0.0040
Recommendation:
Monitor for potential breakout confirmation and adjust trading strategy accordingly.
🚨 CRYPTO WHALES ARE BETTING BIG ON THESE 2 ALTCOINS: DON'T MISS OUT!
As the crypto market heats up toward the end of 2024, two altcoins have emerged as the focus of massive whale activity: Shiba Inu and Aptos. Once a dominant force in the meme coin world, Shiba Inu has seen a slowdown, with its market cap at $10.5 billion, but it still holds strong appeal among retail investors. However, crypto whales are shifting their attention to fresh opportunities, making moves into altcoins with higher upside potential.
{spot}(SHIBUSDT)
Aptos, a Layer-1 blockchain, is making a remarkable comeback after a quiet 2024, boasting a 68.8% gain in just the past month. Whale activity has been pushing prices up, signaling a potential breakout similar to its early 2023 performance.
{spot}(APTUSDT)
With whales positioning themselves for big returns, these two coins could be poised for their next major rally. Are you ready to ride the wave?
#Shibainuholder #SHIBAUSDT #AptosToTheMoon #APT🔥 #EmperorMajesty $APT $SHIB
$BNB /USDT is currently trading at $597.9, showing a slight decrease of 0.03%. The 4-hour chart reveals that after hitting a high of $606.3, the price is consolidating, with key support forming around 591.3 and resistance near $602.4.
The KDJ indicator suggests that the momentum is cooling off, with the J-line crossing below the K and D lines, indicating potential bearish pressure. If the price fails to hold the $594.0 support level, it could trigger a deeper pullback.
However, a break above $602.4 may lead to further bullish momentum, targeting the previous high and beyond.
{spot}(BNBUSDT)
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
🚨 $SOL /USDT Trade Setup – Market Poised for Action!
Long Entry: 155.00 USDT
Short Entry: 153.80 USDT
Stop Loss (Long): 153.40 USDT
Stop Loss (Short): 155.50 USDT
The SOL/USDT 15-minute chart shows price consolidation within an ascending channel, signaling momentum for a breakout or breakdown. If SOL breaks above 155.00 USDT, expect bullish continuation to 157.50 USDT. A rejection at resistance, however, could trigger a bearish slide toward 151.50 USDT.
📉 Next Move: Watch for a channel break—bullish if price holds above, bearish if it collapses below!
{spot}(SOLUSDT)
#TeslaTransferBTC #BNBRisesTo600 #USRetailSalesBoost #SCRSpotTradingOnBinance #BinanceLabsInvestsLombard
Technical Analysis: $YGG
{spot}(YGGUSDT)
/USDT
As YGG/USDT surges, currently trading at $0.5672, the momentum is clear with a notable +16.18% increase. Let’s break down the chart and identify key target levels for traders.
Current Price: $0.5672
24h High: $0.5718
24h Low: $0.4785
Key Targets 🎯:
1. First Target - $0.5800:
This level is a critical resistance point. A move above $0.5800 could indicate strong buying interest and set the stage for further gains.
2. Second Target - $0.6000:
Should YGG successfully break the first target, $0.6000 is the next level to watch. This area is significant as it represents both a psychological barrier and a previous high, making it a focal point for potential profit-taking.
3. Third Target - $0.6200:
If bullish momentum persists, the price could reach $0.6200. This level acts as a key zone for trend continuation, and breaking through it would suggest a sustained upward trajectory.
Support Level:
$0.5400: This level provides essential support. A drop below this point may indicate a shift in momentum, potentially leading to a correction.
Analysis Summary:
YGG/USDT is currently in a bullish phase, with strong buying pressure and clear upward targets. Traders should keep a close eye on these key levels as market dynamics unfold.
What are your trading plans for YGG/USDT? Share your thoughts!
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🌿 Infra Gardens is heading to Bangkok this November!
Join us at @EFDevcon for the 5th edition, co-hosted with @protocollabs, @KwilTeam, & @RandamuInc. Expect panels, snacks, drinks, and all things Web3!
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