OCT 18: GBTC discount drop from near -48.5% in Jan 2023 to -13.54% today in hope Bitcoin ETF. The company said on Monday it is “operationally ready” to convert GBTC into an ETF upon the SEC’s approval. GBTC is the largest cryptocurrency fund in the world, currently with $16.7 billion in assets under management. #GBTC #bitcoin #etf
stratisplatform Team announced more update about Swap 1:10. - 20% increased proposed supply 1500 mil to 1800 mil which is expected. -minted tokens will not be available at launch; the release of tokens will be staggered over a three-year period. - Increase 20% supply will be distribute equally in 3 part for Adoption Incentivisation, Foundation and Network Incentivisation 100 mil each. - new Voting features released today, and voting start from today to 31st October. - Rest other timeline missing, Better to check Stratis Discord for more details. it will be good if team announce Swap date too. - No, i will not predict price in short term. Strax now on Future market where they can kill shorts too. Its also Upbit KRW pair and we know what market maker can do... #bitcoin #Binance #Web3 $STRAX
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Nilesh Rohilla , Crypto Analyst
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Strax : A 2017 Giant : Swap 1:10
#Strax : A 2017 Giant. I still remember when I traded it at around 100K-300K satoshi ($10+) in 2017. Then this giant turned into a mid-cap coin. Now, once again, the stratis team has announced a new update that breathes new life into the project. Strax is in the KRW pair, and we've seen how Upbit market makers have pumped $LOOM in the past month for 950%. The big question is, will STRAX be able to surpass 8000 Satoshi or $4.4? If I'm not mistaken, most traders moved on from this in the past few years. I would suggest market makers pump it up to 8000 Satoshi pre-halving and then push it above 8000 during the upcoming mega bull season. 😍 In January 2018, it reached a $2 billion market cap, and $475 million in 2021. What are your thoughts? Can this 2017 Giant reach a $2 billion market cap again? We suggested it near $.40 for 50%-100% target which we got. Strax listed in now Binance Future so we can see high volatility in this coin. Your comment will boost us to share further update in this project. #trading $STRAX
The BTC price closed at $28,500 with a 5% gain yesterday, despite the circulation of fake news regarding Bitcoin ETF approval. The positive aspect is that BTC closed above the MA200, which is situated near $28,000. The chart is also showing a Higher High and Higher Low pattern, indicating that the BTC price may once again test the $30,000 level. Support: Two key support levels are at $28,000 and $27,200. Resistance: The first short-term resistance is at $29,000, while $30,000 to $32,000 will ser
OCT 16: Bitcoin 4hr Analysis: $BTC give breakout at $26950 in 4 hr after 24 candle. However, the chart shows a new rising wedge pattern with support at $26,789 and resistance $27200. Any closing below $26789 will trigger a retest of $26,500 and might open the door to a bearish target of $25,000 next week. On the other hand, a close above $27,200 will be bullish and may open up $28,000 as the first target for scalpers. The key factor here is the choice of the time frame for trading.
Binance Monitoring Zone's trading volume jump131%. We are seeing heavy price manipulation by market makers in this zone. LOOM jump 950% in last 30 days and today Bond also take a rally of 300%. Others coin in this zone like PNT, CREAM, AMB GFT also showing high volatility in past days. Today WRS jump 80% as highest gainer, Band also jump 40% and ARK, BTS , PERL etc are getting momentum. The Monitoring Tag is applied to tokens that exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored by binance, with regular reviews conducted. Keep in mind that these tokens are at risk of no longer meeting our listing criteria and being delisted from the platform. $LOOM $WRX $BOND #BINANCE #crypto2023 #CRYPTO #TRADING
#Strax : A 2017 Giant. I still remember when I traded it at around 100K-300K satoshi ($10+) in 2017. Then this giant turned into a mid-cap coin. Now, once again, the stratis team has announced a new update that breathes new life into the project. Strax is in the KRW pair, and we've seen how Upbit market makers have pumped $LOOM in the past month for 950%. The big question is, will STRAX be able to surpass 8000 Satoshi or $4.4? If I'm not mistaken, most traders moved on from this in the past f
Seems it will easy for arbitrage trader to short BTC as a hedge against long GBTC. Soon in coming weeks GBTC discount turn into GBTC premium. #bitcoin #GBTC #BTC $BTC #Binance
US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source ( REUTER) #BITCOIN $BTC #ETF #BITCOINETF
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Nilesh Rohilla , Crypto Analyst
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RUMOUR: Spot ETFs might be approved today.
Today is the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. Rumour is If they don't appeal the court's decision, It is likely to Grayscale Bitcoin Trust (GBTC) will convert into ETF soon. The Grayscale Trust (GBTC) discount has narrowed from -45% to only -16.6 and climbing. This make market bullish.Jan 10: Critical decision point for other spot BTC ETF proposals. Bloomberg analysts see a 75% chance of spot bitcoin ETF approval by end of 2023. Conclusion: Seems Sec will find some way to delay it and may be Grayscale file new application for ETF which take another 240 days. In short, it may take time, expected Q1/2024. $BTC #bitcoin #ETF #BitcoinETF #GBTC #crypto2023
12 hrs to go. If the #SEC does nothing further by midnight Eastern, Grayscale's application to convert its Bitcoin Trust (GBTC) to an ETF formally returns to life.
Today is the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. Rumour is If they don't appeal the court's decision, It is likely to Grayscale Bitcoin Trust (GBTC) will convert into ETF soon. The Grayscale Trust (GBTC) discount has narrowed from -45% to only -16.6 and climbing. This make market bullish.Jan 10: Critical decision point for other spot BTC ETF proposals. Bloomberg analysts see a 75% chance of spot bitcoin ETF approval by end of 2023. Conclusion: Seems Sec will find some way to delay it and may be Grayscale file new application for ETF which take another 240 days. In short, it may take time, expected Q1/2024. $BTC #bitcoin #ETF #BitcoinETF #GBTC #crypto2023
NEW: The SECGov has until midnight tonight to appeal the @Grayscale decision. If they don’t, then in seven days from now the case will be closed and Grayscale can start working with SEC staff to get the process of approval rolling. #bitcoin $BTC #crypto2023 #btc #ETF
LIVE
Nilesh Rohilla , Crypto Analyst
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RUMOUR: Spot ETFs might be approved today.
Today is the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. Rumour is If they don't appeal the court's decision, It is likely to Grayscale Bitcoin Trust (GBTC) will convert into ETF soon. The Grayscale Trust (GBTC) discount has narrowed from -45% to only -16.6 and climbing. This make market bullish.Jan 10: Critical decision point for other spot BTC ETF proposals. Bloomberg analysts see a 75% chance of spot bitcoin ETF approval by end of 2023. Conclusion: Seems Sec will find some way to delay it and may be Grayscale file new application for ETF which take another 240 days. In short, it may take time, expected Q1/2024. $BTC #bitcoin #ETF #BitcoinETF #GBTC #crypto2023
Today is the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. Rumour is If they don't appeal the court's decision, It is likely to Grayscale Bitcoin Trust (GBTC) will convert into ETF soon. The Grayscale Trust (GBTC) discount has narrowed from -45% to only -16.6 and climbing. This make market bullish.Jan 10: Critical decision point for other spot BTC ETF proposals. Bloomberg analysts see a 75% chance of spot bitcoin ETF approval by end of 2023. Conclusion: Seems Sec will