📉📊 Bloomberg News analysis unfolds: Bitcoin's weekly returns, since last November, now mirror the lowest levels witnessed in the same period a year ago. Investor sentiment in high-risk assets has frozen, accentuated by a multi-year high in the 10-year US Treasury bond yield. Over the past week, Bitcoin has dipped over 10%, marking a two-month low. Ethereum and Ripple also followed suit, reflecting an impacting trend. The anticipation rests on Fed Chairman Jerome Powell's address at the Jackson Hole meeting, with hopes for a dovish signal. Yet, IG Australia's Tony Sycamore predicts otherwise, suggesting that dovish expectations might be disappointed. 📈🏦 #BitcoinMarketUpdate #BloombergAnalysis #CryptoWorldInsights

Uncorrelated Ventures raised $315 million for its new fund, which will back software infrastructure startups and crypto companies.
#BloombergAnalysis #bloombergcrypto

💬 Bloomberg analyst James Seyffart has provided insights into the SEC's meetings with cryptocurrency firms. He mentioned that during these meetings, representatives from both the corporate finance department and the trading and markets department were present. These interactions are indicative of the regulatory discussions taking place between the SEC and the cryptocurrency industry. 🏛️📊 #SECvsCrypto #CryptocurrencyRegulation #BloombergAnalysis

#Bitcoin reverses its trend after violent losses... and a breach of $50,000 is imminent 🚀🔥

_#Bitcoin.rebounded on Thursday to $44,500 as investors shrugged off Wednesday's flash crash and remained optimistic that approval for bitcoin exchange-traded funds (ETFs) is around the corner. While Wednesday's Matrixport report warning about potential rejections may have helped spark a rapid 10% decline in Bitcoin, the majority of observers still expect the SEC to approve the applications. Maybe on Friday.

The SEC was providing final comments on the filings, with potential issuers then updating their filings accordingly, said #BloombergAnalysis analyst #Eric.Balchunas . Shortly after, TechCrunch reporter Jacqueline Melinek said the SEC would soon approve multiple requests, citing sources “very close to the matter.” Bitcoin is up 2.3% in the past 24 hours and is trading at $43,950 at press time, erasing most of the declines that occurred on Wednesday when it fell below the $41,000 level.

$BTC

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