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Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance Level â How High Can BTC Go This Week?
The price of #bitcoin is at $30,558, having dropped by just under 0.50% on Sunday.
Bullish investors aiming to keep Bitcoin's price above $31,000 were taken aback by the US #SEC's recent denial of applications for Bitcoin spot-price ETFs.
In other news, #Cboe and #Coinbase have resubmitted Spot Bitcoin ETFs, but the SEC is still being cautious.
The successful recovery of billions of dollars' worth of assets by #FTX has also had a favourable effect on Bitcoin pricing.
Stay tuned as we study the elements affecting Bitcoin's price fluctuation and analyse the prospective trajectory of the cryptocurrency.
The price of #bitcoin is at $30,558, having dropped by just under 0.50% on Sunday.
Bullish investors aiming to keep Bitcoin's price above $31,000 were taken aback by the US #SEC's recent denial of applications for Bitcoin spot-price ETFs.
In other news, #Cboe and #Coinbase have resubmitted Spot Bitcoin ETFs, but the SEC is still being cautious.
The successful recovery of billions of dollars' worth of assets by #FTX has also had a favourable effect on Bitcoin pricing.
Stay tuned as we study the elements affecting Bitcoin's price fluctuation and analyse the prospective trajectory of the cryptocurrency.
đ #BlackRock | #ArkInvest and Wisdom Tree have updated their #BitcoinETFs proposals to comply with the #SEC's cash-only model.
Wall Street is knocking; please open the door.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.
In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.
The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.
Congressman Tom Emmer praised the passing of the Blockchain Regulatory Certainty Act as a "huge win" for the US.
đ It specifically deals with what qualifies as money transmitters, clarifying regulations for the #blockchain community.
However, not all bills received unanimous support.
đ The Digital Assets Market Structure bill faced opposition from both sides.
đ Some felt it gave too much leeway to the #crypto industry and ignored #SEC's guidance.
đ It specifically deals with what qualifies as money transmitters, clarifying regulations for the #blockchain community.
However, not all bills received unanimous support.
đ The Digital Assets Market Structure bill faced opposition from both sides.
đ Some felt it gave too much leeway to the #crypto industry and ignored #SEC's guidance.
đš **Breaking News:** đ° SEC meets with Nasdaq, CBOE, and NYSE today to discuss BTC spot ETF 19b-4s! đđ€ #SEC's #BTCETFSPOT
đđđ #RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
The head of India's central bank, Shaktikanta Das, issued stern warnings about the significant risks associated with cryptocurrencies, particularly for emerging market economies, during the World Economic Forum in Davos. Das emphasized the lack of underlying value in #cryptocurrencies , stating that while they are not currencies, they have the potential to become part of the payment system, posing risks to financial stability, currency stability, and the monetary system.
Commenting on the U.S. Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds (ETFs), Das expressed caution, noting that while some may see it as a cryptocurrency party, there are substantial risks involved. He highlighted the U.S. #SEC's responsibility for their nation's well-being, drawing a distinction from India's perspective.
Das, a longstanding critic of bitcoin and cryptocurrencies, reiterated concerns about volatility, money laundering, and terror financing risks inherent in these assets. He recalled the cryptocurrency crash from a few years ago and stressed the need for careful consideration, stating that celebrating new developments in the crypto space without acknowledging the associated risks could be shortsighted.
In January of the previous year, Das had strongly recommended a complete ban on cryptocurrencies in India, expressing concerns about their potential impact on the economy and the authority of the Reserve Bank. He argued that allowing cryptocurrencies would undermine the central bank's control over the money supply and could lead to the dollarization of the economy.
Source - news.bitcoin.com
#CryptoNews #BinanceSquare
The head of India's central bank, Shaktikanta Das, issued stern warnings about the significant risks associated with cryptocurrencies, particularly for emerging market economies, during the World Economic Forum in Davos. Das emphasized the lack of underlying value in #cryptocurrencies , stating that while they are not currencies, they have the potential to become part of the payment system, posing risks to financial stability, currency stability, and the monetary system.
Commenting on the U.S. Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds (ETFs), Das expressed caution, noting that while some may see it as a cryptocurrency party, there are substantial risks involved. He highlighted the U.S. #SEC's responsibility for their nation's well-being, drawing a distinction from India's perspective.
Das, a longstanding critic of bitcoin and cryptocurrencies, reiterated concerns about volatility, money laundering, and terror financing risks inherent in these assets. He recalled the cryptocurrency crash from a few years ago and stressed the need for careful consideration, stating that celebrating new developments in the crypto space without acknowledging the associated risks could be shortsighted.
In January of the previous year, Das had strongly recommended a complete ban on cryptocurrencies in India, expressing concerns about their potential impact on the economy and the authority of the Reserve Bank. He argued that allowing cryptocurrencies would undermine the central bank's control over the money supply and could lead to the dollarization of the economy.
Source - news.bitcoin.com
#CryptoNews #BinanceSquare
đš BREAKING NEWS: #SEC's Statement on #BlackRock's #BTC ETF slated for January 10th! đ°
#CryptoNews #ETF
#CryptoNews #ETF
đš đ đđđđđ đ
đđ
đđđđđ đđđđđđ đđđđđđđđ đš
Are you on the lookout for the perfect timing to dive into the cryptocurrency sphere?
Here's a rundown of major FUDs (Fear, Uncertainty, Doubt) since November 2022:
â November 2022: FTX insolvency scare
â December 2022: Allegations of a #BinancećŠć„łè bank crisis
â January 2023: #GENESIS facing financial troubles
â February 2023: Reports of a crypto bank collapse
â March 2023: #USDC facing depegging rumors
â April 2023: Rumors of #USGovernment selling BTC holdings
â May 2023: Speculations about Binance's financial health
â June 2023: #SEC's intensified crackdown on cryptocurrencies
â July 2023: Concerns over Tether depegging
â August 2023: SpaceX's alleged BTC sell-off
â September 2023: US government's partial shutdown and FTX's billion-dollar liquidation
â October 2023: Binance executives resignations and legal challenges
â November 2023: Distribution of BTC from Mt. Gox
â December 2023: Possible delay of ETF approval
â January 2024: Grayscale's selling pressure on Bitcoin
â February 2024: Genesis offloading GBTC holdings
â March 2024: Speculations about Bitcoin reaching its peak
Interestingly, despite these FUD events, Bitcoin surged from $15500 to $74,000, showcasing a remarkable 365% growth.
The takeaway?
There's no perfect moment to enter the crypto market. Instead, consider dollar-cost averaging (DCA) and seize buying opportunities during FUD periods.
Sell when the market is gripped by FOMO (Fear of Missing Out).
If you found this insightful, give it a thumbs up and share it with your crypto peers who might be waiting for the ideal timing to join the fray.
Thankyou for your support
đđđđđ đđđđđđ đđđđđđđđ đš
Are you on the lookout for the perfect timing to dive into the cryptocurrency sphere?
Here's a rundown of major FUDs (Fear, Uncertainty, Doubt) since November 2022:
â November 2022: FTX insolvency scare
â December 2022: Allegations of a #BinancećŠć„łè bank crisis
â January 2023: #GENESIS facing financial troubles
â February 2023: Reports of a crypto bank collapse
â March 2023: #USDC facing depegging rumors
â April 2023: Rumors of #USGovernment selling BTC holdings
â May 2023: Speculations about Binance's financial health
â June 2023: #SEC's intensified crackdown on cryptocurrencies
â July 2023: Concerns over Tether depegging
â August 2023: SpaceX's alleged BTC sell-off
â September 2023: US government's partial shutdown and FTX's billion-dollar liquidation
â October 2023: Binance executives resignations and legal challenges
â November 2023: Distribution of BTC from Mt. Gox
â December 2023: Possible delay of ETF approval
â January 2024: Grayscale's selling pressure on Bitcoin
â February 2024: Genesis offloading GBTC holdings
â March 2024: Speculations about Bitcoin reaching its peak
Interestingly, despite these FUD events, Bitcoin surged from $15500 to $74,000, showcasing a remarkable 365% growth.
The takeaway?
There's no perfect moment to enter the crypto market. Instead, consider dollar-cost averaging (DCA) and seize buying opportunities during FUD periods.
Sell when the market is gripped by FOMO (Fear of Missing Out).
If you found this insightful, give it a thumbs up and share it with your crypto peers who might be waiting for the ideal timing to join the fray.
Thankyou for your support
#Binance claims a conflict of interest and makes bogus accusations against the SEC.
In the ongoing legal dispute, Binance aims to limit the #SEC's ability to make public pronouncements.
Both the #cryptocurrency exchange and the larger crypto market have been significantly impacted by the ongoing legal dispute between Binance[BNB] and the U.S. Securities and Exchange Commission (SEC). The SEC accused Binance of listing unregistered #securities and offerings, among other things.
Binance, together with its legal counsel, vigorously refuted these allegations and added that SEC Chairman Gary Gensler was involved in a conflict of interest. Additionally, according to Binance, #Gensler had asked the exchange for an informal advising position before taking over as SEC chair.
In the ongoing legal dispute, Binance aims to limit the #SEC's ability to make public pronouncements.
Both the #cryptocurrency exchange and the larger crypto market have been significantly impacted by the ongoing legal dispute between Binance[BNB] and the U.S. Securities and Exchange Commission (SEC). The SEC accused Binance of listing unregistered #securities and offerings, among other things.
Binance, together with its legal counsel, vigorously refuted these allegations and added that SEC Chairman Gary Gensler was involved in a conflict of interest. Additionally, according to Binance, #Gensler had asked the exchange for an informal advising position before taking over as SEC chair.
PayPal seems to be watched closely by government regulators
People tell PayPal got a request from a government agency called the SEC to share some documents related to their PYUSD digital money. PayPal introduced PYUSD in August, and they were the first big traditional financial company to make their own digital currency. They said it would have new uses and help them compete better.
Heard the company mentioned in their report that they received this request from the SEC. It looks like they didn't say exactly what kind of documents the SEC wants, but they are working with the SEC to give them what they need.
Some people think the SEC is being very strict about digital currencies in recent times, and this request is part of that. Others believe it's just to make sure PayPal follows the rules.
#PayPal #PYUSD #SEC's #CryptoNewsđđ°đ«
People tell PayPal got a request from a government agency called the SEC to share some documents related to their PYUSD digital money. PayPal introduced PYUSD in August, and they were the first big traditional financial company to make their own digital currency. They said it would have new uses and help them compete better.
Heard the company mentioned in their report that they received this request from the SEC. It looks like they didn't say exactly what kind of documents the SEC wants, but they are working with the SEC to give them what they need.
Some people think the SEC is being very strict about digital currencies in recent times, and this request is part of that. Others believe it's just to make sure PayPal follows the rules.
#PayPal #PYUSD #SEC's #CryptoNewsđđ°đ«
After experiencing severe sell pressure brought on by the #SEC's charges, Cardano's ADA is beginning to show signs of recovery. #Cardano, which had been one of the worst performances among the top ten tokens in reaction to #regulatory scrutiny, has seen a stunning rise in price over the past week, igniting #investor excitement for a potential summer bull run.
We are happy to share our bi-weekly DailyCoin Regular on Cardano, written by our expert Insha Zia, to give you insights into these fascinating developments.
We are happy to share our bi-weekly DailyCoin Regular on Cardano, written by our expert Insha Zia, to give you insights into these fascinating developments.
Why does the #SEC want an interlocutory appeal in the #XRP lawsuit? What's at stake?
#_MarkFagel , a former official at the US Securities and Exchange Commission, revealed. Recently on the main reason why the SEC is seeking permission to certify the interlocutory appeal in the ongoing lawsuit between #Ripple  and the SEC. This revelation comes after Binance's recent motion to deny its appeal from the SEC. Pointing to the Ripple ruling as a pivotal legal precedent. Fagle reveals the #SEC's wide-ranging plan behind the appeal and his extensive knowledge of securities issues. Fagle emphasized that the SEC appeal was a strategic move to counter the effects of the Ripple ruling on its broader enforcement program. He stated that the SEC could have circumvented the ruling if it concerned only issuers of assets and tokens related to securities.
Follow us to see more news and details đđđâŹïž
#_MarkFagel , a former official at the US Securities and Exchange Commission, revealed. Recently on the main reason why the SEC is seeking permission to certify the interlocutory appeal in the ongoing lawsuit between #Ripple  and the SEC. This revelation comes after Binance's recent motion to deny its appeal from the SEC. Pointing to the Ripple ruling as a pivotal legal precedent. Fagle reveals the #SEC's wide-ranging plan behind the appeal and his extensive knowledge of securities issues. Fagle emphasized that the SEC appeal was a strategic move to counter the effects of the Ripple ruling on its broader enforcement program. He stated that the SEC could have circumvented the ruling if it concerned only issuers of assets and tokens related to securities.
Follow us to see more news and details đđđâŹïž
In USA, Today's on 29th Dec. 2023
Those 9 biggest institutions of Asset Management are updated their applications for #Bitcoin Spot #ETFs today...
- Fidelity
- ARK21Shares
- BlackRock
- VanEck
- WisdomTree
- Invesco/Galaxy
- Bitwise
- FranklinTempleton
- Valkyrie
Today is the #SEC's deadline for the first wave of approvals for Bitcoin ETFs.
The deadline means that on Dec. 29, the community will likely find out which spot #Bitcoin ETF filers out of 14 applicants could be in the first wave of potential spot $BTC ETF approvals, which is largely expected in early in January 2024.
Stay Tuned for #ETF's News..đ
Those 9 biggest institutions of Asset Management are updated their applications for #Bitcoin Spot #ETFs today...
- Fidelity
- ARK21Shares
- BlackRock
- VanEck
- WisdomTree
- Invesco/Galaxy
- Bitwise
- FranklinTempleton
- Valkyrie
Today is the #SEC's deadline for the first wave of approvals for Bitcoin ETFs.
The deadline means that on Dec. 29, the community will likely find out which spot #Bitcoin ETF filers out of 14 applicants could be in the first wave of potential spot $BTC ETF approvals, which is largely expected in early in January 2024.
Stay Tuned for #ETF's News..đ
A pivotal point has been reached in the #Ripple-SEC legal dispute.
Uncertainty has been bred by swirling rumours and contradictory assertions.
The #SEC's actions have been contested by #Ripple's chief legal officer.
The resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is eagerly anticipated by #cryptocurrency aficionados. Rumours and negative predictions are rampant as the conclusion draws near, which makes it difficult to determine the SEC's leadership position.
Uncertainty has been bred by swirling rumours and contradictory assertions.
The #SEC's actions have been contested by #Ripple's chief legal officer.
The resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is eagerly anticipated by #cryptocurrency aficionados. Rumours and negative predictions are rampant as the conclusion draws near, which makes it difficult to determine the SEC's leadership position.
Recent reports highlight active crypto investments, with inflows hinting at investor confidence. While exact $30B volume and $1.8B in #BitcoinETFs inflows weren't found, positivity reigns despite #SEC's ETF hesitancy and market fluctuations. $BTC
Pro-XRP Lawyer John Deaton Criticizes SECâs Actions đą
John Deaton's statements raise important concerns about the #SEC's approach to crypto regulation and its potential impact on the industry's growth and fairness.
He believes that the SEC's actions may prioritize the interests of larger financial institutions over individual investors, leading to a perceived double standard.
The allocation of limited resources and focus on certain cases could hinder innovation and hinder the development of the cryptocurrency industry. Additionally, Deaton highlights the SEC's opposition to retail investors participating in the Ripple case, further solidifying the perception of bias towards established entities.
These issues highlight the need for a balanced and effective regulatory framework for digital assets.
#Binance
#crypto2023
John Deaton's statements raise important concerns about the #SEC's approach to crypto regulation and its potential impact on the industry's growth and fairness.
He believes that the SEC's actions may prioritize the interests of larger financial institutions over individual investors, leading to a perceived double standard.
The allocation of limited resources and focus on certain cases could hinder innovation and hinder the development of the cryptocurrency industry. Additionally, Deaton highlights the SEC's opposition to retail investors participating in the Ripple case, further solidifying the perception of bias towards established entities.
These issues highlight the need for a balanced and effective regulatory framework for digital assets.
#Binance
#crypto2023
Solana Foundation Disputes SEC's Classification of SOL Token as Security
The #Solana Foundation has responded to the U.S. Securities and Exchange Commission (#SEC ), challenging the regulatory body's designation of its native token, $SOL as an unregistered security. In light of the recent lawsuits filed by the SEC against prominent crypto exchanges Binance.US and Coinbase, which included allegations of trading crypto asset securities like $SOL, the Solana Foundation has expressed its disagreement.
In a statement provided to CoinDesk, the Solana Foundation firmly asserted that SOL is not a security. It emphasized that SOL serves as the native token for the #Solana blockchain, a robust and open-source software project driven by a community-based approach. The foundation highlighted the reliance on decentralized user and developer engagement as key factors in the expansion and evolution of the Solana ecosystem.
Interestingly, during the recent #Solana hacker house event in New York City, the Solana community displayed a relatively nonchalant attitude towards the regulatory concerns facing the blockchain. When approached by CoinDesk, one developer expressed indifference, stating that the SOL token being classified as a security does not significantly impact those building on the Solana platform.
Furthermore, the #SEC's lawsuits against Binance.US and Coinbase also identified several other tokens, associated with projects such as Cardano ($ADA), Polygon ($MATIC), Sandbox ($SAND), Filecoin ($FIL), Axie Infinity ($AXS), Chiliz ($CHZ), Flow ($FLOW), Internet Computer ($ICP), Near ($NEAR), Voyager ($VGX), Dash ($DASH), and Nexo ($NEXO), as securities.
As the #Solana Foundation takes a firm stance in defense of SOL's status, the outcome of this dispute will undoubtedly play a significant role in shaping the regulatory landscape for cryptocurrencies in the United States.
In a statement provided to CoinDesk, the Solana Foundation firmly asserted that SOL is not a security. It emphasized that SOL serves as the native token for the #Solana blockchain, a robust and open-source software project driven by a community-based approach. The foundation highlighted the reliance on decentralized user and developer engagement as key factors in the expansion and evolution of the Solana ecosystem.
Interestingly, during the recent #Solana hacker house event in New York City, the Solana community displayed a relatively nonchalant attitude towards the regulatory concerns facing the blockchain. When approached by CoinDesk, one developer expressed indifference, stating that the SOL token being classified as a security does not significantly impact those building on the Solana platform.
Furthermore, the #SEC's lawsuits against Binance.US and Coinbase also identified several other tokens, associated with projects such as Cardano ($ADA), Polygon ($MATIC), Sandbox ($SAND), Filecoin ($FIL), Axie Infinity ($AXS), Chiliz ($CHZ), Flow ($FLOW), Internet Computer ($ICP), Near ($NEAR), Voyager ($VGX), Dash ($DASH), and Nexo ($NEXO), as securities.
As the #Solana Foundation takes a firm stance in defense of SOL's status, the outcome of this dispute will undoubtedly play a significant role in shaping the regulatory landscape for cryptocurrencies in the United States.
