Bull Run Saga (brc20 tokens will continue the rally upwards In 2024)First time I saw the brc20 tag was when I opened Coinmarketcap & was like; “hmm!” how come is a complex category on the trending line”.  @ First I didn’t really place much interest, until I witnessed “ORDI” a meme-coins pump to the roof.Okay now I’m interested and as usual (for those of us addicted to fundamental analyses) went back to “coin market-cap” to check this new category out.It turns out this undiscovered blue chip category is bound to make serious noise in this upcoming Bull Run. My reason for being extremely bullish on this ecosystem is simple.  So sit down, chill, see  this article as an unopposed debate, and enjoy a layman's precise proof of what a fellow “Bitcoiner”  like u thinks about this hot blockchain space. Proof 1We can all agree that “BRC20 “is relatively new to the exposure of a bull circle, like it has never experienced one b4.  Even the so-called metaverse and nfts are more like a senior brother in this scenario, so the chance of brc20 busting into a mega bull run backed with the anticipation of feasible institution money flowing in, stands as a key factor.Proof 2Unlike Erc20, trc20 etc: the brc20 tokens are built on the original block chain network and bitcoin remain the king of this bull run, so as far as the “Crypto-God” keeps his kingship titled as the boss with the largest market share,  the category will surely hit the roof.Proof 3With all the community noise brc20 ecosystem has been making over the last few months, you won’t believe that at least 70% of its promising projects are still chilling at the “Low market cap” range.Proof 4Angry bird syndrome: The system is preparing to enter the stage with so much annoyance like “If ethereum ecosystem can give birth to so many projects why won’t a Brc20 blockchain brag about such an entry next year.Proof- 5On a common ground we all know that big exchanges only list coins they have declared their rightful spot in the crypto space. Obviously there are millions of good coins out there, but for some unknown force driving the credibility of the brc armies, the leading brc boys are being listed on exchange like binance despite being a relatively new baby. This alone is a sign that “brc20” is angry that it missed the previous Bull Run.Proof-6As we can see, the ecosystem comprises all aspects that should trend in this Bull Run including: swap, defi, nft, meme, gamefi and the rest. When a single category decides to present itself in the market with so much utility and yet hasn’t even surfaced before, betting on such a token shouldn’t be a matter of debate.So yes “BRC20 is relatively new, but the fundamentals around the ecosystem are as old as when the Bitcoin white paper was first released.  This only remains a number one green flag for the brc20 hype in this coming Bull Run.  Like even if you choose not to relate with this sector, don’t forget the ETF approval will also affect the massive increase and exposure to bitcoins blockchain network. For newcomers willing to dive into the crypto space after the ETF approval, I think it will be easier for them to trust the block chain of the leading crypto in the ETF Game than a native extended altcoin.Please, your comments, likes, and shares will be highly appreciated. Thanks 9ja one luv.#SATS #ORDI #BRC20 #ETFBuzz

BlackRock has made changes to its Bitcoin Spot ETF proposal. Attracting investors while balancing the SEC’s preferences is the goal. BlackRock has been attempting to make real Bitcoin trading possible, but the SEC has been cautious in granting requests of this nature. The intention is to keep the product unrelated to the cryptocurrency market’s volatility.
Exchange Traded Funded, the in-kind Bitcoin Spot ETF, has undergone revisions to guarantee that traders can trade Bitcoin directly, independent of futures, unlike other cash-based ETFs. The SEC and Nasdaq are presently considering the suggestion. It happens after BlackRock received input from the SEC requesting that the fund management adhere to legal requirements. The comments were made in response to the first suggestion that was made.
Days after the SEC declared that it would be postponing the approval of Franklin’s Spot Bitcoin ETF, a change has been made. Although some industry participants have voiced their worries about the delay, numerous experts have come forward to speculate that this might be done in order to submit all of the applications at once for approval.
Hashdex and Franklin were the only organisations awaiting a resolution. Thirty days prior to the deadline, the SEC has finally communicated its intentions.
The anticipated date of approval for all applications to be approved for the Spot Bitcoin ETF is January 10, 2024. The first deadline for Franklin was January 1, 2024. If the deadline had been missed, the final approval would have been delayed by more than nine days. Experts say that the SEC is holding up all applications for clearance mostly because the Commission doesn’t want to give any company a first-mover advantage.
It is currently projected that the entire cryptocurrency market will begin its bull run on January 10, 2024. Standard Chartered and other experts believe that Bitcoin may be the main source of interest in the cryptocurrency space.
The price of bitcoin was last observed at $37,734.89, down about 0.93% over the previous day but up 1.35 percent over the previous seven. Also, during the previous 30 days, the value rose by about 9.31%. By the end of 2023, predictions indicate that BTC will reach its ATH value. That is an unrealistic estimate because the token would need to be jumped farther.
It also increases the difficulty of reaching $100,000 by the end of 2024. It will need to prove its argument with an almost 168% increase in the next 13 months. By resubmitting its application for the Spot Bitcoin ETF, BlackRock is moving in the direction of the SEC’s wishes. In the coming days, the Commission might reach a final conclusion.
#Bitcoin #ETFBuzz

As of July 19, 2023, the total exposure of Bitcoin exchange-traded products (ETPs) reached an all-time high of $196.824 billion, according to data from K33 Research. This represents an increase of 27,095 BTC (or $757 million) over the past month.The surge in ETP exposure is being attributed to a number of factors, including the recent approval of Bitcoin futures ETFs in the United States and Canada, and the growing institutional interest in Bitcoin.According to K33 Research, ProShares' Bitcoin Strategy ETF (BITO) has the highest Bitcoin equivalent exposure of 4,425 BTC.BITO is a futures-based ETF that tracks the price of Bitcoin futures contracts. It was approved by the US Securities and Exchange Commission (SEC) in October 2021, and it has been one of the most popular ETFs among Bitcoin investors.The next highest Bitcoin equivalent exposure is Purpose Investments' Bitcoin ETF (BTCC), with 2,133 BTC. BTCC is a spot-based ETF that tracks the price of Bitcoin itself. It was approved by the Ontario Securities Commission (OSC) in February 2021.The total exposure of Bitcoin ETPs is now at the highest since June 2022. This is a positive sign for the Bitcoin market, as it suggests that institutional investors are becoming increasingly interested in the asset.Overall, the increase in Bitcoin ETP exposure is a positive development for the Bitcoin market. It suggests that institutional investors are becoming more comfortable with Bitcoin, and that they are increasingly seeing it as a legitimate investment asset.🪷Write: @PortableD07 (X)🪷$BTC $ETH $XRP #BTC #etf #cpi #ETFTrends #ETFBuzz

Introduction: As the crypto markets gear up for 2024, key developments are shaping the landscape. From the potential approval of a spot Bitcoin ETF to the upcoming Bitcoin halving and evolving regulatory scenarios, investors are bracing for a year that could redefine the crypto narrative.Spot Bitcoin ETF: A Potential Game Changer: The anticipation surrounding the approval of a spot Bitcoin ETF remains a focal point for investors. With Blackrock leading the charge, the SEC's decision could open the floodgates for retail investors, enabling access to Bitcoin without the need for a dedicated wallet. Analysts predict substantial inflows, estimating the spot Bitcoin ETF market to reach a staggering $100 billion.Uncertainties linger: Despite the optimism, industry leaders acknowledge uncertainties, with BitGo CEO Mike Belshe cautioning about the possibility of additional rejections before a positive outcome.Bitcoin Halving: Unraveling the Impact: The looming Bitcoin halving in 2024 adds another layer of significance. With the event set to reduce rewards for miners, its repercussions on the crypto market's boom-and-bust cycles are under scrutiny. Grayscale's report suggests that this halving, coupled with potential approval of a spot Bitcoin ETF, could wield more influence than in previous cycles.Mining industry resilience: Notably, industry experts like Sabre56 CEO Phil Harvey express confidence in the mining sector's ability to weather the storm, even without the launch of a spot Bitcoin ETF.Regulatory Clarity: A Turning Point: 2023 witnessed a surge in crypto enforcement actions, signaling a potential end to the Wild West era of the crypto industry. Amidst legal battles involving major players like Binance and Coinbase, regulatory clarity is expected in 2024. U.S. Senator Cynthia Lummis and CFTC Chair Rostin Behnam highlight the convergence of traditional financial giants into the crypto market, signaling a shift toward clearer regulations.Key regulatory factors: TradeStation's Anthony Rousseau points to the FASB rule change for valuing crypto assets and the potential conclusion of central banks' monetary tightening policies as pivotal factors that could impact the crypto market in 2024.Conclusion: As we stand on the brink of 2024, the crypto market is poised for transformation. The approval of a spot Bitcoin ETF, the Bitcoin halving, and regulatory clarity are set to shape the narrative, offering both challenges and opportunities for investors navigating the dynamic world of cryptocurrencies. Stay tuned for a year that promises to be pivotal in the ongoing evolution of the crypto landscape.#cryptocurreny #BTCto40k #CryptoNews #ETFBuzz #MarketAnalysis $BTC $SOL $DOGE

Dec 7, 2023, 13:49 GMT+5:30In the midst of Bitcoin's remarkable ascent, crypto trader Christopher Inks foresees potential for further gains before a possible pullback. Emphasizing a historical pattern of a 61.8% retracement in past bull cycles, Inks suggests this trend may repeat. Speculating on the current surge, he anticipates Bitcoin reaching the upper 40s to lower 50s before retracing to the mid-30s.Addressing concerns in a recent YouTube interview with trader Scott Melker, Inks acknowledges the overbought status on charts but asserts the resilience of Bitcoin's upward momentum. He draws parallels to previous cycles, highlighting instances like the drop from $14,000 to $3,000 at the onset of the last bull cycle and a comparable retracement during the COVID-19 pandemic.Despite acknowledging the possibility of a 61.8% retracement, Inks deems a return to 20K levels unlikely. Instead, he predicts Bitcoin's ascent to the upper 40s or lower 50s before a retracement to the mid-30s. The crypto trader attributes the potential for a lower retracement to the upcoming halving scheduled for next year, which traditionally serves as a robust price movement catalyst.Notably, the market's bullish surge is further fueled by speculations around the approval of a spot Bitcoin ETF. Investors anticipate increased capital inflow if approved, with optimistic predictions ranging from $100K to $150K for Bitcoin's price by December 2024.While Bitcoin experienced a slowdown in the past 24 hours following its breach of an annual peak on Monday, currently exchanging hands at $43,907 with a 0.48% increase in the last 24 hours, the overarching sentiment remains buoyant, supported by factors such as the upcoming halving and ETF approval speculations.#BitcoinTrends #ETFBuzz #trending #CryptoNews #MarketAnalysis $BTC