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Bitcoin Price Prediction: VanEck CEO Optimism, Cathie Wood’s 2030 Forecast & Ripple Outlook
18.12.2023
In the ever-shifting world of cryptocurrency, Bitcoin’s recent price movement paints a complex picture, trading at $41,079 with a 2.01% decrease on Monday. Amidst this volatility, notable voices in the industry weigh in, offering diverse outlooks. VanEck’s CEO stands firm in the belief...
VanEck CEO Expects Bitcoin Price to See All-Time High in Next 12 Months
18.12.2023
Source: DALL·E Jan van Eck, CEO of the global investment managing firm VanEck, expected Bitcoin price to reach all-time high in 2024 in an interview with CNBC. During the interview, van Eck laid out his 2024 outlook for Bitcoin and cryptocurrency, making a prediction of Bitcoin to set a...
Spot Bitcoin ETF fate nears: Approval or rejection by Jan 10?
18.12.2023
The US Securities and Exchange Commission is expected to either approve or reject all applications for the Spot Bitcoin ETF on January 10, 2024. The community has been waiting for the moment since 2023; however, many members anticipate that this could be the ultimate deadline. The assumption...
Bitcoin Price Prediction as $860 Million Moved to Exchanges – Signaling Major Sell-Off Ahead?
17.12.2023
As the crypto market enters another week of trading, Bitcoin (BTC) has seen a slight decline to $41,978, dropping by nearly 50% on Sunday. This move coincides with a significant amount of Bitcoin, worth approximately $860 million, being transferred to exchanges, which could be indicative of...
Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval
16.12.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge...
Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?
16.12.2023
Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist. Amidst these...
Bitcoin Volatility Incoming as BTC Price Forms This Key Technical Pattern – $38K or $48K Next?
16.12.2023
Source: Adobe Stock Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken. Amid its consolidating back...
SEC’s Dialogue With Wall Street Behemoth BlackRock Regarding Spot Bitcoin ETF Application Continues – Approvals Coming in January?
15.12.2023
BlackRock Office Officials from the US Securities and Exchange Commission (SEC) met with three employees of BlackRock on Thursday to discuss the asset manager’s application to set up a spot Bitcoin Exchange Traded Fund (ETF), as per a memorandum released by the SEC on Friday. Blackrock met with...
Bitcoin ‘Cash Creates’ Model ETFs are a “Done Deal” Says Expert – Here’s What You Need to Know
15.12.2023
Source: Adobe Stock Bitcoin spot ETF applicants will almost certainly be forced by regulators to adopt an “in-cash” redemption model for their fund’s shares, according to Bloomberg ETF analyst Eric Balchunas. When asked how negotiations between the Securities and Exchange Commission (SEC)...
Bitcoin Price Prediction as Gary Gensler Says SEC Taking ‘New Look’ at Spot BTC ETFs – Approval Coming?
15.12.2023
In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion. This...
Bitcoin Price Pressured as Fed Official Says “Premature to Even Be Thinking About” Rate Cuts – Where Next For BTC?
15.12.2023
Source: Pixabay / Michael Wuensch The Bitcoin (BTC) price has come under pressure on Friday, dipping 2% from around $43,000 to the low $42,000s in wake of hawkish commentary from a leading US Federal Reserve monetary policymaker John Williams. Williams, who is the president of the influential...
Bitcoin’s Volatility Surge: $48 Million Liquidated in 24 Hours
15.12.2023
Source: Adobe / Maximusdn The surge in volatility that followed the US Federal Reserve’s interest rate announcement on Wednesday caused some $48 million to be liquidated in 24 hours in the Bitcoin market. As of press time on Friday, Bitcoin (BTC) again traded just below the $43,000 mark, after...
SEC Reversal: Bitcoin ETFs Back in Play as Gensler Reconsiders Stance
15.12.2023
Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant...
Crypto Market Bolstered By 150% Assets Under Management Surge and Bitcoin’s Market Resilience: Report
15.12.2023
Source: Adobe The digital asset market recorded positive developments throughout the year with significant institutional entries to the market in Q4 2023 as asset prices continue on an upward trajectory. CCData’s Q4 2023 Market Outlook report shows a stronger market sentiment, Bitcoin (BTC)...
SEC Chair Gensler Discusses Impact of Court Rulings on Reevaluating Bitcoin ETF Decisions
15.12.2023
Source: Pixabay / sergeitokmakov The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the SEC’s evolving approach towards spot Bitcoin exchange-traded fund (ETF) applications, acknowledging the influence of recent judicial decisions. In a recent interview with CNBC...
Bitcoin Price Prediction: Struggles at $43,400 Amid Fed’s Market Impact
15.12.2023
In the ever-shifting landscape of cryptocurrency, Bitcoin encounters resistance at the crucial $43,400 mark, forming a challenging double top pattern. This movement comes amid a backdrop of the Federal Reserve’s nuanced monetary balancing act, which has sent ripples across financial markets...
Bitcoin Price Prediction as BTC Surpasses $42,000 Amidst Dovish Fed Signals – Is the Bull Run Back?
14.12.2023
Bitcoin’s recent price surge beyond $42,000 marks a significant turnaround in its market trajectory, particularly in light of dovish signals from the US Federal Reserve. The central bank’s decision to maintain steady interest rates, coupled with hints of potential rate cuts in 2024,...
Bitcoin Bounces Back Above $43,000 After Strong US Retail Sales Data Prompts Brief Price Dip – Here’s Why BTC Could Soon Hit Fresh Yearly Highs
14.12.2023
Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500. Seemingly, the data, which showed an unexpected MoM leap in headline and core retail sales last month...
Argentina President Milei Devalues Peso, Receives IMF Praise but No Bitcoin Policy in Sight
14.12.2023
Source: Alexey Novikov / Adobe Argentina’s newly elected libertarian president, Javier Milei, has devalued the nation’s currency, the peso, by over 50% and received praise from the International Monetary Fund (IMF) for his plans to restore Argentina’s economy. However, despite...
Bitcoin gains as Fed hints at potential rate reduction
14.12.2023
Bitcoin has crossed the 42k-dollar market after the US Federal Reserve decided to maintain the interest rate at 5.5%. The call was interesting, given that the job market and growth rate have slowed down. The Fed noted that inflation has eased despite exceeding its 2% target. Experts suspect these...