Latest #crypto news & updates on (November 17, 2023):
Bitcoin Price Update:
BTC currently trades at $36,000, marking a 2.40% decrease in the last 24 hours post a recent rally nearing $38,000, its highest since May 2022.
Market Sentiment:
The crypto market exhibits signs of recovery following challenges in 2022. BTC's recent rally is attributed to increased ETF demand and positive industry developments.
Notable News:
- BTC retreats 5% below $36,000, liquidating $340M in two days amid market consolidation.
- Bitcoin integrates into SushiSwap via ZetaChain, a cross-chain communication protocol.
- SEC delays decision on Hashdex's Bitcoin ETF application, seeking additional information.
- Cardano (ADA) and Dogecoin (DOGE) lead gains as BTC approaches $38,000, with ADA up 4% and DOGE up 2%.
- Fhenix, developer of a 'confidential blockchain,' plans Ethereum rollups for scalable, efficient confidential transactions.
- Strike, a global Bitcoin payments app, expands services to over 100 countries with diverse payment methods.
- Analyst at Miller Tabak & Co. predicts Bitcoin could reach $45,000 by year-end, citing recent rally and market growth.
Overall Outlook:
While the crypto market shows signs of recovery, uncertainties persist. The SEC's decision on Hashdex's ETF application and broader economic factors will impact the future of Bitcoin and cryptocurrencies.
