Pure market ko hilane k liye ek news kafi hai đ¤Śđťââď¸
Reason behind the dump
â ď¸ Matrixportâs latest report released a rare view that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in the Q2.
It also predicts that the price of Bitcoin will fall to 36,000 to 38,000, and recommended that investors buy put options or even directly short Bitcoin.
Polymarket traders are expressing confidence in the approval of a U.S.-based spot Bitcoin ETF by the SEC before January 15.
The "Bitcoin ETF approved by Jan 15" contract's Yes shares are trading at 89 cents, reflecting an 89% likelihood of approval, a substantial increase from around 50% a month ago. Speculation surrounding the ETF's launch has influenced Bitcoin's 55% price surge, surpassing $45,000. Polymarket, established in 2020, has become a prominent prediction market, with $437,394 in bets on an ETF-related contract. Some investors are hedging against potential SEC delays by acquiring No shares, preparing for a market downturn if the anticipated ETF launch faces setbacks. #BTC #etf #NewsBTC
Bitcoin's price surged to nearly $46,000 in the early days of 2024 amid growing speculation that a U.S.-based spot bitcoin ETF could receive regulatory approval this week. The 7% gain within 24 hours marked its highest level since April 2022. The anticipation of the U.S. Securities and Exchange Commission (SEC) approving multiple spot bitcoin ETFs has been driving this upward momentum. A recent Reuters report hinted at the SEC potentially notifying ETF sponsors about approvals as early as Tuesday. Notable players like BlackRock and VanEck are in the race, and their success could trigger increased buying activity for bitcoin. However, opinions on the immediate impact of ETF approval vary among market experts, with some suggesting a potential delay in a significant rally even if approved. Analysts like Ryan Lee and influential trader Scott Melker hold differing views on the short-term price movement, while Matrixport predicts a rise to $50,000 within a month post-ETF approval. #BTC #etf #Sei #Launchpool #pumpanddump
"Bitcoin's Surge in 2023, 2024 Predictions, and the ETF Impact"
In 2023, Bitcoin witnessed a remarkable surge, propelled by institutional interest, growing adoption, and regulatory clarity. As we step into 2024, the outlook for Bitcoin is further shaped by key factors such as continued institutional adoption, market sentiment, technological advancements, regulatory developments, and macro-economic influences.
One significant development that could significantly impact Bitcoin's trajectory in 2024 is the potential approval and launch of Bitcoin Exchange-Traded Funds (ETFs). If regulatory authorities approve Bitcoin ETFs, it could open the floodgates for a new wave of institutional investors. The ease of access and regulatory oversight offered by ETFs may attract a broader range of investors, further boosting Bitcoin's demand.
The impact of Bitcoin ETFs on its price is a topic of considerable speculation. Some analysts suggest that the approval and launch of ETFs could lead to increased liquidity and a surge in demand, potentially driving Bitcoin prices higher. However, others argue that the impact may be gradual, with the true effects unfolding over time as institutional participation grows.
While predicting the precise impact of Bitcoin ETFs remains speculative, the potential approval of such investment vehicles underscores the evolving institutional landscape surrounding Bitcoin. Investors and enthusiasts keenly await regulatory decisions and closely monitor how ETFs could shape Bitcoin's journey in 2024, adding an extra layer of anticipation to an already dynamic cryptocurrency landscape. #BTC #BitcoinETFs! #BitcoinPrice2024