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What is Bitcoin’s Price Outlook as Halving Approaches, After Recent Bitcoin ETF Approval ? The world’s largest cryptocurrency, Bitcoin (BTC) has edged up slightly, 2.61% in the last 24 hours. Crypto investors have expressed mixed reactions over whether bitcoin price is likely to rise or decline in the short-term period.   For the prevailing price of $42,173.20, more than 70% of BTC wallet addresses are running on profit, according to on-chain figures. You never say never, but we do not expect Bitcoin price to drop below $40,000 in the short-term period. The $40,000 BTC price might be the new resistant point as crypto analysts still expect Bitcoin to surge in the long-term as the looming BTC halving approaches. The bitcoin ETF approvals will continue to increase demand pressure on Bitcoin, creating an artificial shortage for the cryptocurrency. Volume of BTC Transactions Increasing On January 14, 2024, the amount of the Bitcoin Transactions Per Day (I: BTPD), has started rebounding to 591,806.0, an increase from 5 days ago, when volumes of bitcoin transactions stood at 383,774. Bitcoin Transactions Per Day measures the daily number of transactions as recorded on the Bitcoin network. An increase in BTPD shows excitement around bitcoin, leading to potential increase in BTC price. Should You Buy Or Sell Bitcoin Now? It may be challenging to know how Bitcoin trends in the short-term due to the fading excitement over the cryptocurrency. However, in the long-term, the technical indicators point to a long-term upside to Bitcoin price even above $50,000. Investors can snap up Bitcoin and accumulate more even it slides below $40 mark. It’s good to remain cautious over any changes in the bitcoin ETF market, as Vanguard decided not to offer bitcoin ETF to its customers.   #BTC-ETF. #BTC $BTC $ETH #ETH
What is Bitcoin’s Price Outlook as Halving Approaches, After Recent Bitcoin ETF Approval ?

The world’s largest cryptocurrency, Bitcoin (BTC) has edged up slightly, 2.61% in the last 24 hours. Crypto investors have expressed mixed reactions over whether bitcoin price is likely to rise or decline in the short-term period.
 

For the prevailing price of $42,173.20, more than 70% of BTC wallet addresses are running on profit, according to on-chain figures. You never say never, but we do not expect Bitcoin price to drop below $40,000 in the short-term period.

The $40,000 BTC price might be the new resistant point as crypto analysts still expect Bitcoin to surge in the long-term as the looming BTC halving approaches. The bitcoin ETF approvals will continue to increase demand pressure on Bitcoin, creating an artificial shortage for the cryptocurrency.

Volume of BTC Transactions Increasing

On January 14, 2024, the amount of the Bitcoin Transactions Per Day (I: BTPD), has started rebounding to 591,806.0, an increase from 5 days ago, when volumes of bitcoin transactions stood at 383,774.

Bitcoin Transactions Per Day measures the daily number of transactions as recorded on the Bitcoin network. An increase in BTPD shows excitement around bitcoin, leading to potential increase in BTC price.

Should You Buy Or Sell Bitcoin Now?

It may be challenging to know how Bitcoin trends in the short-term due to the fading excitement over the cryptocurrency. However, in the long-term, the technical indicators point to a long-term upside to Bitcoin price even above $50,000.

Investors can snap up Bitcoin and accumulate more even it slides below $40 mark. It’s good to remain cautious over any changes in the bitcoin ETF market, as Vanguard decided not to offer bitcoin ETF to its customers.  

#BTC-ETF. #BTC $BTC $ETH #ETH
#BTC-ETF. Approval 1st approval JUST IN: Spot Bitcoin ETF applicant ArkInvest CEO says SEC hack will not delay ETF decision.
#BTC-ETF. Approval

1st approval
JUST IN: Spot Bitcoin ETF applicant ArkInvest CEO says SEC hack will not delay ETF decision.
The UN took a swipe (https://www.ft.com/content/78c6ea20-5e9d-40ba-867f-1e0431ebb710) at the USDT, calling stablecoin the main currency of fraudsters and drug traffickers. Apparently, the UN has already solved all the problems in the world, now we can regulate cryptocurrencies 🪀 CoinShares recorded (https://blog.coinshares.com/volume-165-digital-asset-fund-flows-weekly-report-32a1e5e9e197) record inflows into crypto funds last week - $1.18 billion, due to the launch of the BTC ETF. They need to tally an even bigger amount this week, or else disappointment will peek into the market 🔪 Overnight, unknown people tried to send (https://twitter.com/paoloardoino/status/1746625178845471112) non-existent 25 billion XRP to Bitfinex and 58.9 billion XRP to Binance. Hackers tried to abuse the partial payments feature, but they failed 😈 The wallet of an Ethereum ICO participant who bought (https://twitter.com/whale_alert/status/1746598091749208325) 200 ETH in 2015 at $0.31 per coin has woken up ✨ #BTC-ETF. #BTC-ETF #ETFApprovalDreams #CryptoPredictions2024
The UN took a swipe (https://www.ft.com/content/78c6ea20-5e9d-40ba-867f-1e0431ebb710) at the USDT, calling stablecoin the main currency of fraudsters and drug traffickers. Apparently, the UN has already solved all the problems in the world, now we can regulate cryptocurrencies 🪀

CoinShares recorded (https://blog.coinshares.com/volume-165-digital-asset-fund-flows-weekly-report-32a1e5e9e197) record inflows into crypto funds last week - $1.18 billion, due to the launch of the BTC ETF. They need to tally an even bigger amount this week, or else disappointment will peek into the market 🔪

Overnight, unknown people tried to send (https://twitter.com/paoloardoino/status/1746625178845471112) non-existent 25 billion XRP to Bitfinex and 58.9 billion XRP to Binance. Hackers tried to abuse the partial payments feature, but they failed 😈

The wallet of an Ethereum ICO participant who bought (https://twitter.com/whale_alert/status/1746598091749208325) 200 ETH in 2015 at $0.31 per coin has woken up ✨

#BTC-ETF. #BTC-ETF #ETFApprovalDreams #CryptoPredictions2024
38000- 40000$
100%
44000-46000$
0%
1 votes • Voting closed
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Cryptocurrency ETFs, or exchange-traded funds, are investment funds that track the performance of one or more digital currencies. They offer a way for traditional investors to gain exposure to the crypto market without directly owning the underlying assets. The launch of Bitcoin ETFs has been a significant development, as it opens up access to Bitcoin for institutional and retail investors within a regulated framework. This can potentially increase liquidity and reduce some of the barriers associated with investing in cryptocurrencies. However, it's important to note that while these ETFs provide indirect exposure to Bitcoin's price movements, they also come with their own set of risks and considerations. For example, some Bitcoin ETFs use futures contracts rather than holding actual BTC, which can introduce additional complexities. Regulatory scrutiny is another key factor impacting crypto ETFs' future developments. The SEC has been closely monitoring this space due to concerns around investor protection and market manipulation risks associated with digital assets. Looking ahead into 2024, we may see further regulatory clarity on cryptocurrency ETFs as well as potential launches focused on other digital currencies beyond just Bitcoin. As always when considering investments in this space—whether through direct holdings or via an ETF—it's crucial for investors to conduct thorough research and understand both the opportunities and risks involved. #BTC #etf #BTC-ETF.
Cryptocurrency ETFs, or exchange-traded funds, are investment funds that track the performance of one or more digital currencies. They offer a way for traditional investors to gain exposure to the crypto market without directly owning the underlying assets.

The launch of Bitcoin ETFs has been a significant development, as it opens up access to Bitcoin for institutional and retail investors within a regulated framework. This can potentially increase liquidity and reduce some of the barriers associated with investing in cryptocurrencies.

However, it's important to note that while these ETFs provide indirect exposure to Bitcoin's price movements, they also come with their own set of risks and considerations. For example, some Bitcoin ETFs use futures contracts rather than holding actual BTC, which can introduce additional complexities.

Regulatory scrutiny is another key factor impacting crypto ETFs' future developments. The SEC has been closely monitoring this space due to concerns around investor protection and market manipulation risks associated with digital assets.

Looking ahead into 2024, we may see further regulatory clarity on cryptocurrency ETFs as well as potential launches focused on other digital currencies beyond just Bitcoin. As always when considering investments in this space—whether through direct holdings or via an ETF—it's crucial for investors to conduct thorough research and understand both the opportunities and risks involved.
#BTC #etf #BTC-ETF.
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Bitcoin ETF race Approximately a dozen companies, including financial giants such as BlackRock, Grayscale and Fidelity, had been vying for the establishment of Bitcoin spot ETFs. In the wake of the approval, these companies have announced, and in some instances adjusted, the fees they intend to impose on investors. This development underscores the competitive landscape emerging as firms strive to attract investors. It is crucial to note that the approved spot ETFs differ from previously authorized Bitcoin futures ETFs, as the former holds actual Bitcoin, while the latter involves derivatives contracts linked to BTC. The approval by the U.S. SEC marks a milestone on a journey that has seen years of delays and outright rejections of numerous attempts to launch spot Bitcoin ETFs. #BTC #etf #BitcoinETF💰💰💰 #BTC-ETF. $BTC
Bitcoin ETF race

Approximately a dozen companies, including financial giants such as BlackRock, Grayscale and Fidelity, had been vying for the establishment of Bitcoin spot ETFs. In the wake of the approval, these companies have announced, and in some instances adjusted, the fees they intend to impose on investors. This development underscores the competitive landscape emerging as firms strive to attract investors.

It is crucial to note that the approved spot ETFs differ from previously authorized Bitcoin futures ETFs, as the former holds actual Bitcoin, while the latter involves derivatives contracts linked to BTC. The approval by the U.S. SEC marks a milestone on a journey that has seen years of delays and outright rejections of numerous attempts to launch spot Bitcoin ETFs.
#BTC #etf #BitcoinETF💰💰💰 #BTC-ETF.
$BTC
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Important update
#KSM

Signal Type
LONG

Please Must follow our binance feed for more updates

Reasons:
As You can see in chart attached that KSM created falling wedge in 4H time frame.we can see that KSM breakout happened with good volume and retesting done.
Now its entered into a bullish channel so pump is expected.As its Rejected from lower trend line so go to test upper trend line.
I am expecting 2x move from retest.

Leverage:  Cross 10X

Entries: current price

Targets:
44
46
48
49

Stop Loss: 30%

Like and share our post to motivate us for more Good signals
The Biggest Bitcoin ETF Threat No One Is Talking About As I waited with the rest of the world for the first bitcoin ETF to be approved, one thing has been gnawing at me: With a handful of exceptions including Fidelity and VanEck, nearly every applicant for a spot bitcoin ETF intends to use Coinbase as its custodian.David Schwed is chief operating officer of Halborn.As a cybersecurity leader focused on blockchains, this concentration of risk along with the inherently high-risk nature of crypto custodianship and the still-evolving nature of security best practices gives me pause.It’s not Coinbase itself that worries me here. The firm has never been hit by a known hack, which explains why so many traditional institutions trust its know-how. However, there is no such thing as an unhackable target – anything and anyone can be compromised, given enough time and resources, which is a lesson I've learned over a career at the intersection of cybersecurity and asset management.What worries me is the extreme asset concentration in a single custodian. And given the cash-like nature of crypto assets, that makes the situation inherently concerning.See also: Gary Gensler's Bitcoin ETF Clown ShowIt may be time to rethink the “qualified custodian” designation, a regulatory sign-off which in its current form doesn’t necessarily ensure risky blockchain-based assets are necessarily (or best) secured. Further, ideally, digital asset custodians should be subject to more oversight by better-trained regulators, under more rigorous state and federal standards, than they are right now.Most qualified custodians today secure equities, bonds or digitally tracked fiat balances, all of which are fundamentally legal agreements, which can’t simply be “stolen.” But bitcoin [BTC], like cash and gold, is what’s known as a bearer instrument. A successful crypto hack is like a bank robbery in the Wild West, as soon as it’s in the hands of a thief, the money is simply gone.So for a crypto custodian, one mistake is all it takes for the assets to disappear entirely.We also know the forces of global crypto-crime are formidable and determined. To pick just one notorious example, North Korea’s Lazarus Group hacking cohort is believed to have stolen $3 billion worth of crypto over the past six years, and it shows no signs of stopping. Inflows to a bitcoin ETF have been projected at somewhere above $6 billion in the first trading week — making these funds a prime target.If Coinbase winds up with tens of billions in bitcoin sitting in its digital vaults, North Korea can easily organize a $50 million operation to steal those funds, even if it takes multiple years. Threat actors like Russia’s Cozy Bear/APT29 group might also find going after institutional crypto increasingly appealing as those pools get bigger — potentially much, much bigger.This is the level of threat that major banks prepare for. One widespread model of risk management for financial institutions utilizes three layers of oversight. First, the business management layer designs and implements security practices; second, the risk layer oversees and evaluates those practices; and third, the audit layer makes sure that risk mitigation practices are actually effective.On top of that, a legacy financial institution will have external auditors and external IT oversight, as well as numerous state and federal regulators looking over their shoulders. Many, many eyes will examine every aspect of risk and security.But these multiple levels of redundancy and nesting failsafes require one deceptively simple thing: headcount.During my time as global head of digital assets technology at BNY Mellon, the investment bank had roughly 50,000 employees, of whom around 1,000 – or 2% – were in security roles. Coinbase, even after recent expansion, has fewer than 5,000 employees. BitGo, also a qualified custodian certified by the State of New York and other jurisdictions, has only a few hundred.This is not to impugn the intentions or skill of any of these organizations or their employees. But real oversight requires redundancy that these new institutions may struggle to provide at a level appropriate for securing tens of billions of dollars in bearer instruments.See also: Bitcoin ETFs: The Bull CaseBefore those numbers get even bigger (and more enticing for the bad guys), it is well past time to refine the cybersecurity standards for qualified custodian designation. Right now, the designation accompanies trust or banking licensing, overseen by state and federal regulators. These are financial regulators largely focused on traditional banking, not cybersecurity experts, and certainly not crypto experts. They understandably focus on balance sheets, legal processes, and other financial operations.But for crypto custodians, those aren’t the only kinds of oversight that matter, or even necessarily the most important. There are no industry-wide standards for cybersecurity and risk management practices by crypto custodians specifically, meaning that “qualified custodian” status isn’t quite as reassuring as it might sound. That exposes not just investors but an entire nascent sector to opaque risk with potentially dire consequences.The approval of a cast of bitcoin ETFs is just the latest step in the continued integration of digital assets into the financial system. You don’t have to trust crypto partisans on that prediction – just ask Blackrock, a legacy giant that championed the ETF. As these developments continue, regulators truly interested in investor protection will focus on adapting to this new world: one in which rigorous cybersecurity standards are just as important to financial stability as honest disclosures and financial audits.#BTC-ETF. #BTCETFS #BTC

The Biggest Bitcoin ETF Threat No One Is Talking About

As I waited with the rest of the world for the first bitcoin ETF to be approved, one thing has been gnawing at me: With a handful of exceptions including Fidelity and VanEck, nearly every applicant for a spot bitcoin ETF intends to use Coinbase as its custodian.David Schwed is chief operating officer of Halborn.As a cybersecurity leader focused on blockchains, this concentration of risk along with the inherently high-risk nature of crypto custodianship and the still-evolving nature of security best practices gives me pause.It’s not Coinbase itself that worries me here. The firm has never been hit by a known hack, which explains why so many traditional institutions trust its know-how. However, there is no such thing as an unhackable target – anything and anyone can be compromised, given enough time and resources, which is a lesson I've learned over a career at the intersection of cybersecurity and asset management.What worries me is the extreme asset concentration in a single custodian. And given the cash-like nature of crypto assets, that makes the situation inherently concerning.See also: Gary Gensler's Bitcoin ETF Clown ShowIt may be time to rethink the “qualified custodian” designation, a regulatory sign-off which in its current form doesn’t necessarily ensure risky blockchain-based assets are necessarily (or best) secured. Further, ideally, digital asset custodians should be subject to more oversight by better-trained regulators, under more rigorous state and federal standards, than they are right now.Most qualified custodians today secure equities, bonds or digitally tracked fiat balances, all of which are fundamentally legal agreements, which can’t simply be “stolen.” But bitcoin [BTC], like cash and gold, is what’s known as a bearer instrument. A successful crypto hack is like a bank robbery in the Wild West, as soon as it’s in the hands of a thief, the money is simply gone.So for a crypto custodian, one mistake is all it takes for the assets to disappear entirely.We also know the forces of global crypto-crime are formidable and determined. To pick just one notorious example, North Korea’s Lazarus Group hacking cohort is believed to have stolen $3 billion worth of crypto over the past six years, and it shows no signs of stopping. Inflows to a bitcoin ETF have been projected at somewhere above $6 billion in the first trading week — making these funds a prime target.If Coinbase winds up with tens of billions in bitcoin sitting in its digital vaults, North Korea can easily organize a $50 million operation to steal those funds, even if it takes multiple years. Threat actors like Russia’s Cozy Bear/APT29 group might also find going after institutional crypto increasingly appealing as those pools get bigger — potentially much, much bigger.This is the level of threat that major banks prepare for. One widespread model of risk management for financial institutions utilizes three layers of oversight. First, the business management layer designs and implements security practices; second, the risk layer oversees and evaluates those practices; and third, the audit layer makes sure that risk mitigation practices are actually effective.On top of that, a legacy financial institution will have external auditors and external IT oversight, as well as numerous state and federal regulators looking over their shoulders. Many, many eyes will examine every aspect of risk and security.But these multiple levels of redundancy and nesting failsafes require one deceptively simple thing: headcount.During my time as global head of digital assets technology at BNY Mellon, the investment bank had roughly 50,000 employees, of whom around 1,000 – or 2% – were in security roles. Coinbase, even after recent expansion, has fewer than 5,000 employees. BitGo, also a qualified custodian certified by the State of New York and other jurisdictions, has only a few hundred.This is not to impugn the intentions or skill of any of these organizations or their employees. But real oversight requires redundancy that these new institutions may struggle to provide at a level appropriate for securing tens of billions of dollars in bearer instruments.See also: Bitcoin ETFs: The Bull CaseBefore those numbers get even bigger (and more enticing for the bad guys), it is well past time to refine the cybersecurity standards for qualified custodian designation. Right now, the designation accompanies trust or banking licensing, overseen by state and federal regulators. These are financial regulators largely focused on traditional banking, not cybersecurity experts, and certainly not crypto experts. They understandably focus on balance sheets, legal processes, and other financial operations.But for crypto custodians, those aren’t the only kinds of oversight that matter, or even necessarily the most important. There are no industry-wide standards for cybersecurity and risk management practices by crypto custodians specifically, meaning that “qualified custodian” status isn’t quite as reassuring as it might sound. That exposes not just investors but an entire nascent sector to opaque risk with potentially dire consequences.The approval of a cast of bitcoin ETFs is just the latest step in the continued integration of digital assets into the financial system. You don’t have to trust crypto partisans on that prediction – just ask Blackrock, a legacy giant that championed the ETF. As these developments continue, regulators truly interested in investor protection will focus on adapting to this new world: one in which rigorous cybersecurity standards are just as important to financial stability as honest disclosures and financial audits.#BTC-ETF. #BTCETFS #BTC
Understanding Bitcoin ETFs and related concepts can enhance crypto exchange companies in several ways: 1. Diversification of Offerings: Integrating Bitcoin ETFs broadens the range of investment products available on the exchange, catering to a wider audience with varying risk appetites and investment preferences. 2. Increased Liquidity: Bitcoin ETFs are generally more liquid than owning actual Bitcoin. By providing these investment options, exchanges can attract more traders and investors, contributing to increased liquidity in the market. 3. Accessibility for Traditional Investors: Traditional investors who are familiar with ETFs may find it more convenient to enter the crypto market through Bitcoin ETFs on a crypto exchange. This can bridge the gap between traditional finance and the crypto space. 4. Reduced Barriers to Entry: Investing in Bitcoin ETFs eliminates the need for users to navigate the complexities of owning and storing cryptocurrencies. This simplification can attract new users who might have been hesitant to engage in crypto trading. 5. Market Education: By offering Bitcoin ETFs, exchanges contribute to educating their user base about different investment instruments in the crypto space, fostering a better-informed and engaged community. 6. Adaptation to Market Trends: Embracing financial instruments like Bitcoin ETFs demonstrates the exchange's ability to adapt to market trends and provide users with contemporary investment options, enhancing its competitiveness. #ETFApproved #BTC-ETF. #BTC-ETF #cryptocurrecny
Understanding Bitcoin ETFs and related concepts can enhance crypto exchange companies in several ways:

1. Diversification of Offerings: Integrating Bitcoin ETFs broadens the range of investment products available on the exchange, catering to a wider audience with varying risk appetites and investment preferences.

2. Increased Liquidity: Bitcoin ETFs are generally more liquid than owning actual Bitcoin. By providing these investment options, exchanges can attract more traders and investors, contributing to increased liquidity in the market.

3. Accessibility for Traditional Investors: Traditional investors who are familiar with ETFs may find it more convenient to enter the crypto market through Bitcoin ETFs on a crypto exchange. This can bridge the gap between traditional finance and the crypto space.

4. Reduced Barriers to Entry: Investing in Bitcoin ETFs eliminates the need for users to navigate the complexities of owning and storing cryptocurrencies. This simplification can attract new users who might have been hesitant to engage in crypto trading.

5. Market Education: By offering Bitcoin ETFs, exchanges contribute to educating their user base about different investment instruments in the crypto space, fostering a better-informed and engaged community.

6. Adaptation to Market Trends: Embracing financial instruments like Bitcoin ETFs demonstrates the exchange's ability to adapt to market trends and provide users with contemporary investment options, enhancing its competitiveness.

#ETFApproved #BTC-ETF. #BTC-ETF #cryptocurrecny
Bitcoin Liquidation Update $1.8 bln - below $40150 $1.5 bln - below $37500 $3.1 bln - below $36715 $1.4 bln - below $35633 $1.8 bln - below $34758 $5.8 bln - below $34100 $3.6 bln - below $33400 $19bln are waiting to be liquidated on the way down to $33400 in total📉 + more local liqs! This looks bearish to me🐻 what you think ? Share Your Thoughts 👤 #ALT #BTC-ETF. #BTC #DYOR🟢.
Bitcoin Liquidation Update

$1.8 bln - below $40150
$1.5 bln - below $37500
$3.1 bln - below $36715
$1.4 bln - below $35633
$1.8 bln - below $34758
$5.8 bln - below $34100
$3.6 bln - below $33400

$19bln are waiting to be liquidated on the way down to $33400 in total📉 + more local liqs! This looks bearish to me🐻

what you think ? Share Your Thoughts 👤

#ALT #BTC-ETF. #BTC #DYOR🟢.
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#TOTAL MARKET CAP UPDATE : Marketcap still in a bullish market structure, in we'll see the top view. There are some minor breaks in below but still tend to be bullish. Well, price might again text the $750B Support zone before going up. We still have room for price to reach the Resistance area of $950B Mark. Attempting fresh trades would be not preferred. #Solana-SOL #BTC-ETF. #ETH-ETF $SOL $BTC $ETH
#TOTAL MARKET CAP UPDATE :

Marketcap still in a bullish market structure, in we'll see the top view. There are some minor breaks in below but still tend to be bullish. Well, price might again text the $750B Support zone before going up. We still have room for price to reach the Resistance area of $950B Mark. Attempting fresh trades would be not preferred.

#Solana-SOL #BTC-ETF. #ETH-ETF

$SOL $BTC $ETH
Bitcoin Price Prediction 2024-2030: Here’s How BTC Price Prediction Forecasts $100K After Halving 2024? ❤️‍🔥❤️‍🔥❤️‍🔥 Bitcoin Price Prediction January – 2024 With the recent news of Bitcoin Spot ETF approvals, Bitcoin saw a momentary rise to the $49K mark, hoping to cross the $50K milestone. However, the immense selling pressure above the $46.5K barrier and the short-term profit booking leads to a quick drop. With a longwick candle in the weekly chart, the BTC price trend delays the rounding bottom breakout, with a neckline at 61.80% Fibonacci level. As of now, Bitcoin trades at $45,757 and struggles to sustain the bullish momentum. In the breakout scenario where growing demand and market sentiment align, Bitcoin could very well reach the $50,000 mark this January. Optimistically, the uptrend can reach $60K by month’s end. Conversely, a fallback to the $45,000 level cannot be ruled out if the market fails to sustain momentum. $BTC #BTC-ETF. #BTCbitcoin #BTC-ETF #trading_tips
Bitcoin Price Prediction 2024-2030: Here’s How BTC Price Prediction Forecasts $100K After Halving 2024? ❤️‍🔥❤️‍🔥❤️‍🔥

Bitcoin Price Prediction January – 2024
With the recent news of Bitcoin Spot ETF approvals, Bitcoin saw a momentary rise to the $49K mark, hoping to cross the $50K milestone. However, the immense selling pressure above the $46.5K barrier and the short-term profit booking leads to a quick drop.

With a longwick candle in the weekly chart, the BTC price trend delays the rounding bottom breakout, with a neckline at 61.80% Fibonacci level. As of now, Bitcoin trades at $45,757 and struggles to sustain the bullish momentum.

In the breakout scenario where growing demand and market sentiment align, Bitcoin could very well reach the $50,000 mark this January. Optimistically, the uptrend can reach $60K by month’s end.

Conversely, a fallback to the $45,000 level cannot be ruled out if the market fails to sustain momentum.
$BTC
#BTC-ETF.
#BTCbitcoin
#BTC-ETF
#trading_tips
See original
🚀 ETF#Bitcoinse Approval Turns Into “News Selling” Event As Price Briefly Drops To $41,500! 😲 But don't worry, analysts say this is only a short to medium term high. How do you think the market will react in the coming weeks? 🤔 🔍 J.P. Morgan is skeptical about how much new capital the new#BitcoinETFspot will attract. Will this be a game changer or just another crypto product? Share your thoughts below! 👇 🇻🇪 Venezuela ends its controversial Petro#cryptocurrencyafter 5 years. Have you ever traded him or did you believe in his potential? Tell us about your experience. 💬 #BTC-ETF.
🚀 ETF#Bitcoinse Approval Turns Into “News Selling” Event As Price Briefly Drops To $41,500! 😲 But don't worry, analysts say this is only a short to medium term high. How do you think the market will react in the coming weeks? 🤔

🔍 J.P. Morgan is skeptical about how much new capital the new#BitcoinETFspot will attract. Will this be a game changer or just another crypto product? Share your thoughts below! 👇

🇻🇪 Venezuela ends its controversial Petro#cryptocurrencyafter 5 years. Have you ever traded him or did you believe in his potential? Tell us about your experience. 💬

#BTC-ETF.
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Binance News
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Bitwise Bitcoin ETP Trust Records Highest First-Day Inflows Among Peers
According to Foresight News, Bitwise Bitcoin ETP Trust has recorded the highest first-day inflows among similar products, with a total of $238 million. Bloomberg ETF analyst Eric Balchunas shared this information on Twitter. In comparison, Fidelity Wise Origin Bitcoin Trust had inflows of $227 million, while iShares Bitcoin Trust registered $111 million.
Historic Trading Frenzy: U.S. Spot Bitcoin ETFs Surge with $4.6 Billion Trading Volume on Launch DayOn 11 January 2024, Reuters reported significant trading activity in the newly approved U.S.-listed Bitcoin exchange-traded funds (ETFs), with $4.6 billion worth of shares traded as of Thursday afternoon, according to LSEG data. This surge in trading came a day after the U.S. Securities and Exchange Commission (SEC) approved these landmark products, marking a potential shift in the mainstream acceptance of crypto for investment purposes. Eleven spot Bitcoin ETFs, including notable ones, such as BlackRock’s iShares Bitcoin Trust, the Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, began trading on Thursday morning. This event marked a watershed moment for the cryptocurrency industry, testing digital assets’ broader acceptance among professional investors. Grayscale, BlackRock, and Fidelity dominated the trading volumes, according to the LSEG data. Todd Rosenbluth, a strategist at VettaFi, commented on the strong trading volumes but noted that the real test extends beyond a single day’s trading. The SEC’s approval came after a decade-long tussle with the crypto industry. Despite this breakthrough, some executives still view Bitcoin as a high-risk investment. Vanguard, for instance, stated it had no plans to offer these new ETFs to its brokerage clients. SEC Chair Gary Gensler emphasized that the approval does not constitute an endorsement of Bitcoin, which he described as a “speculative, volatile asset.” The ETF launches positively impacted Bitcoin’s price, driving it to $49,048, its highest level since December 2021. At the time of writing, Bitcoin is trading at around $45,790, up 2.9% in the past 24-hour period. The approval sparked intense competition among issuers, with some slashing fees well below the industry standard. For instance, Valkyrie reduced its fees to 0.25% and waived them for the first three months. Grayscale was approved to convert its existing bitcoin trust into an ETF, creating the world’s largest bitcoin ETF with over $28 billion in assets under management. Analysts’ estimates on the potential inflows into spot bitcoin ETFs vary widely, ranging from $10 billion to $100 billion for the year. According to Reuter’s report, as trading commenced, market participants closely monitored bid-ask spreads, a key indicator of an ETF’s desirability. Invesco’s Jason Stoneberg highlighted the importance of trading volume and market participants in driving spreads. Despite the enthusiasm, some analysts cautioned that the broader investment community still views cryptocurrencies as risky, citing incidents like the FTX implosion in 2022. Sharmin Mossavar-Rahmani of Goldman Sachs expressed skepticism about cryptocurrencies as an investment class. Meanwhile, Grayscale CEO Michael Sonnenshein revealed plans to file for a covered call ETF to allow income generation from options on its spot bitcoin product. Cryptocurrency-related stocks experienced mixed results on the same day. Bitcoin miners Riot Platforms and Marathon Digital saw significant drops, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, gained slightly. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BitcoinETF💰💰💰 #BTC-ETF. $BTC

Historic Trading Frenzy: U.S. Spot Bitcoin ETFs Surge with $4.6 Billion Trading Volume on Launch Day

On 11 January 2024, Reuters reported significant trading activity in the newly approved U.S.-listed Bitcoin exchange-traded funds (ETFs), with $4.6 billion worth of shares traded as of Thursday afternoon, according to LSEG data. This surge in trading came a day after the U.S. Securities and Exchange Commission (SEC) approved these landmark products, marking a potential shift in the mainstream acceptance of crypto for investment purposes.
Eleven spot Bitcoin ETFs, including notable ones, such as BlackRock’s iShares Bitcoin Trust, the Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, began trading on Thursday morning. This event marked a watershed moment for the cryptocurrency industry, testing digital assets’ broader acceptance among professional investors.
Grayscale, BlackRock, and Fidelity dominated the trading volumes, according to the LSEG data. Todd Rosenbluth, a strategist at VettaFi, commented on the strong trading volumes but noted that the real test extends beyond a single day’s trading.
The SEC’s approval came after a decade-long tussle with the crypto industry. Despite this breakthrough, some executives still view Bitcoin as a high-risk investment. Vanguard, for instance, stated it had no plans to offer these new ETFs to its brokerage clients. SEC Chair Gary Gensler emphasized that the approval does not constitute an endorsement of Bitcoin, which he described as a “speculative, volatile asset.”
The ETF launches positively impacted Bitcoin’s price, driving it to $49,048, its highest level since December 2021. At the time of writing, Bitcoin is trading at around $45,790, up 2.9% in the past 24-hour period.

The approval sparked intense competition among issuers, with some slashing fees well below the industry standard. For instance, Valkyrie reduced its fees to 0.25% and waived them for the first three months.
Grayscale was approved to convert its existing bitcoin trust into an ETF, creating the world’s largest bitcoin ETF with over $28 billion in assets under management.
Analysts’ estimates on the potential inflows into spot bitcoin ETFs vary widely, ranging from $10 billion to $100 billion for the year.
According to Reuter’s report, as trading commenced, market participants closely monitored bid-ask spreads, a key indicator of an ETF’s desirability. Invesco’s Jason Stoneberg highlighted the importance of trading volume and market participants in driving spreads.
Despite the enthusiasm, some analysts cautioned that the broader investment community still views cryptocurrencies as risky, citing incidents like the FTX implosion in 2022.
Sharmin Mossavar-Rahmani of Goldman Sachs expressed skepticism about cryptocurrencies as an investment class. Meanwhile, Grayscale CEO Michael Sonnenshein revealed plans to file for a covered call ETF to allow income generation from options on its spot bitcoin product.
Cryptocurrency-related stocks experienced mixed results on the same day. Bitcoin miners Riot Platforms and Marathon Digital saw significant drops, while the ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, gained slightly.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BitcoinETF💰💰💰 #BTC-ETF. $BTC
Bitcoin just became the second-largest commodity ETF in the US, surpassing Silver. Spot Bitcoin ETFs have soared to $27.9 billion, holding 647,651 Bitcoin. Grayscale alone has about 600,000 Bitcoin. #TrendingTopic #BTC-ETF. #BitcoinETF
Bitcoin just became the second-largest commodity ETF in the US, surpassing Silver.

Spot Bitcoin ETFs have soared to $27.9 billion, holding 647,651 Bitcoin.

Grayscale alone has about 600,000 Bitcoin.

#TrendingTopic #BTC-ETF. #BitcoinETF
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