🇺🇸🥊🇰🇵 #FBI warns that North Korea is trying to hack American crypto funds and $BTC - #ETF.

For what reason is crypto up today? What macroeconomic variables and news occasions have prompted costs expanding? Figure out more.

Central issues:

The crypto market siphoned yesterday after an adjudicator decided that the SEC would need to rethink the GrayscaleSpot Bitcoin ETF application.

Significant stock files additionally revitalized in the US, Asia and Europe.

Bitcoin ($BTC ), Ethereum ($ETH ) and Dogecoin ($DOGE) all revitalized by more than 5%.

Following a little while of vulnerability and long red candles, crypto was up impressively yesterday. All driving digital forms of money, including $BTC , $BNB and $ETH , were siphoning hard as news that the SEC is more probable than any time in recent memory to be pushed to support spot Bitcoin ETFs energized the market. How about we dive into the subtleties behind for what reason is crypto up today.

Why Is #Crypto Up Today: Bitcoin Value Investigation

Recently, the crypto market was siphoning. As you can see from the $BTC diagram, the flood was really great, with high volumes and supported purchasing pressure. $BTC , the main crypto, hopped from just shy of $26k the whole way to $28k.

The previous flood has given the bulls a lot of expectation for additional green days ahead because of specialized and basic reasons that we'll investigate later here. $#BTC moved above $28k yesterday yet has since surrendered a portion of its benefits as it exchanges for around $27.5k

SEC versus Grayscale: Bitcoin Rallies After Court Backs Grayscale ETF

The SEC recently denied the Grayscale association's application to change over its Bitcoin Trust into an ETF. The disavowal was important for the SEC's overall enemy of crypto position that implied the capacity of monetary instincts to send off Spot Bitcoin ETFs in the US was totally hampered.

Grayscale chose to pursue the SEC's choice, refering to a few elements, including the way that the SEC has previously supported a Bitcoin fates #ETF. Important Spot Bitcoin ETFs have previously been supported and sent off in the European Association and Canada.

📌URGENT NEWS ‼️

📌Blackrock have stated there is no demand for another #ETF. But this is what they don’t want you to know 🤯

📌BlackRock have a history of fudding the market, just before making large purchases. And again they have provided a negative statement towards the upcoming Ethereum ETF. Below is some history on the BTC ETF, and how the $ETH ETF is going to follow: 👇🏻

📌The introduction of Bitcoin ETFs has had a significant impact on the market.The first #Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), was launched in October 2021, and since then, several other Bitcoin ETFs have been approved by regulatory authorities, each time triggering a large rally. 🎁🚀

📌These ETFs have made it easier for institutional investors and retail traders to gain exposure to Bitcoin without directly holding the cryptocurrency. This increased accessibility has led to an influx of capital into the crypto market, driving up demand for Bitcoin and other cryptocurrencies.💠🧩

📌The approval of Bitcoin ETFs has also contributed to increased market liquidity and reduced volatility. As more institutional investors enter the market, the trading volume of Bitcoin and other cryptocurrencies has increased, making it easier for traders to buy and sell assets at fair market prices.💠🧩

📌Moreover, the introduction of Bitcoin ETFs has helped to legitimize the cryptocurrency market in the eyes of traditional investors. This has led to increased mainstream acceptance of cryptocurrencies and has encouraged more investors to consider adding them to their portfolios.💠🧩

📌Based on this historical data, it is highly likely that the Ethereum ETF will trigger another bull run.🧩🎁

#HotTrends #BNBChain #BOME

#SEC has pushed investors into 'toxic' #crypto products and #FTX

According to Cameron Winklevoss, co-founder of Gemini, the US securities regulator has been pressuring investors into "toxic" and "unregulated" crypto products for the past ten years.

The Winklevoss twins criticised the U.S. Securities and Exchange Commission (SEC) on July 2 for continuing to reject spot #Bitcoin exchange-traded funds, noting that it has been 10 years since they first requested that the regulator approve their own #ETF.

“The SECGov's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator.”

Bitcoin hits it's highest price in over a year.

#Bitcoin notched its highest price in over a year on Monday, coasting upwards on news that #BlackRock resubmitted its application for a spot Bitcoin #ETF. The largest coin by market capitalization traded hands at $31,250 as of this writing, according to CoinGecko. It represents a gain of 2.4% over the past day and Bitcoin’s highest price since June of last year.

▪️ The Institutional investors who filed for Bitcoin ETF:

1-Schwab

2-Fidelity

3-Blackrock

4-Deutsche Bank

5-Citadel

#crypto2023 #investors #ETF #ETFs #ETF.

📢📢📢📢 Just put $100 in BRC-20 Fungible Low Cap tokens and avoid big CAPs as they already gone quite high to make money. By the end of 2024, you will see the growth, but do DYOR. #SATS #ETF. Someone said it right, "Start Small, and Stay Faithful (A Waqar)"

Former #SEC chair Jay Clayton feels regulators could soon feel compelled to approve a spot #bitcoin #ETF. Clayton also stated that Bitcoin's standing has changed as reputable companies have decided that markets, custody, and protections surrounding Bitcoin are sufficient. They are now willing to be involved with #BTC

#crypto2023

Bitcoin suddenly plunged, falling 4.44% on the day. The cumulative increase this year has exceeded 145%. What is the future trend of Bitcoin?

On the morning of December 11, Beijing time, according to Bitstamp quotations, Bitcoin plunged during the session, falling 4.44% during the day. It was close to US$40,500 during the session, down more than US$3,000 from the intraday high. It is now trading at US$41,807 per coin.

According to 8marketcap data, the market value of Bitcoin has now surpassed Meta, rising three places to rank ninth in global asset market value. The market value is approximately US$856.73 billion, an increase of 11.07% in 7 days. The market value of Meta is approximately US$855.12 billion, an increase of 2.44% in 7 days.

Since the beginning of this year, Bitcoin has started a "mad bull" market, with a cumulative increase of more than 145% during the year. Affected by the upward trend of the overall market, the total market value of cryptocurrency has grown rapidly. According to Coingecko data, the current total crypto market value is close to US$1.5 trillion (approximately RMB 10.7 trillion).

According to a report by the Securities Times on December 5, in response to the surge, some analysts pointed out that the expectation that the Bitcoin spot ETF will be approved in the United States next year, coupled with the rising expectations of the Federal Reserve’s interest rate cut, has triggered excitement about the cryptocurrency market and promoted Bitcoin prices have surged recently.

According to data from the investment platform eToro and discussions on social media, U.S. retail investors are pouring into the virtual currency market, and cryptocurrency positions on the eToro U.S. platform have increased by 28% month-on-month. Currently, some market analysts are increasingly optimistic about the Bitcoin market, and some analysts even boldly shouted: "The price of Bitcoin will exceed the US$100,000 mark in 2024."

However, in the face of the recent surge in the virtual currency market, many analysts have warned of risks. Among them, Ayyar, vice president of international markets from cryptocurrency exchange CoinDCX, warned that if the Bitcoin ETF is rejected by US regulators again. The current Bitcoin rally may come to an end and the correction may continue.

He further stated that this round of Bitcoin rally is largely based on the expectation that the Bitcoin spot ETF will be approved.

Ayyar said: "A blanket rejection of the Bitcoin ETF could also wreak havoc on the cryptocurrency market, so it will definitely need to be watched closely."

Invest in the currency circle, pay attention to Brother Yu, and share with Yue Xianhuo Daily Power Ma for free.No threshold circle

#BTC🔥🔥
#ETF.

Increased miner #outflow occurs around halving events in the cryptocurrency market, such as those in July 2016 and May 2020 for #Bitcoin. Miners sell more of their mined cryptocurrencies to cover costs ahead of #halving, where mining rewards are reduced by half. This selling pressure by miners contributes to downward pressure on prices before halving events.

In this cycle, we can see that the outflow rate soared sharply in January 2024. This is because miners moved a large amount of their holdings to the #ETF with the approval of the #BTC #ETF. $BTC

#CoinDesk reported on Thursday that #BlackRock intended to issue a #bitcoin ETF with #Coinbase acting as custodian. This was later confirmed when a document revealed that the company's iShares fund management division had submitted the necessary paperwork for the creation of a spot bitcoin (BTC) #ETF.

Trillions of dollars will flow into #Bitcoin if the SEC approves the spot #ETF.

#ETC SPOT BUY:- Good Project for long term
$ETC halving and the potential approval of the $ETH #ETF.

Targets 🎯
1)65$
2)100$
3)190$
4)270$

JUST IN: 🇦🇺 Australia's largest #StockExchange , ASX, approves its first spot #bitcoin☀️  #ETF.

🇺🇸🥳 $BTC SEC Approves First MicroStrategy Long Leveraged #ETF.

📉 The price of $ETH fell by 26% after the launch of the #ETF. At the same time, the total net outflow amounted to $420.5 million.

BREAKING: 🇹🇭 #Thailand SEC approves the first spot #bitcoin☀️  #ETF.