As the year comes to a close, the focus on the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has intensified. While many predict that ETF approval will lead to a significant price surge for Bitcoin and the broader crypto market, Matrixport, a digital assets financial services platform,
Bitcoin
The United States Securities and Exchange Commission (SEC) has recently introduced a new regulatory standard for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants. This development came as spot Bitcoin ETF issuers were finalizing their filings with the regulatory body. The SEC’s latest requirement, known as the “Cash Redemption Model,” has raised eyebrows and garnered attention
In a surprising turn of events, JPMorgan analysts have expressed a bullish sentiment towards Ethereum (ETH), predicting that it will outperform Bitcoin (BTC) and other digital currencies in terms of market price performance by the year 2024. This forecast signifies a unique perspective within the institution, indicating that the analysts recognize the distinctive potential and
Bitcoin, the pioneer cryptocurrency, experienced a significant correction at the beginning of the week, causing its price to drop back to the $40,000 level. This sudden correction led to panic selling among some investors who wanted to avoid further losses. However, as the selling pressure subsided, Bitcoin began to recover slowly but steadily. In the
Shiba Inu has been defying the bearish trend as of late, and it appears that the increased adoption of the Shibarium Layer 2 network has played a significant role in this bullish return. However, it is the large holders of Shiba Inu who are taking the spotlight this time around. These whales have seen a
Bitcoin’s price has once again experienced a significant drop, plunging to the $40,000 support zone. While there has been a modest recovery, with BTC attempting to increase its value, it still needs to surpass the $42,350 mark in order to enter a positive zone. It is crucial for Bitcoin to gain momentum and overcome this
The crypto market has showcased its resilience in recent times, outperforming traditional assets like equities. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations at the beginning of last week. However, the short-term outperformance encountered limitations due to stronger-than-expected US jobs data, leading to a reversal in US