Bitcoin Breaks $60,000 Ahead Of SEC ETF Approvals

Bitcoin Breaks $60,000 Ahead Of SEC ETF Approvals

Bitcoin has broken a new five-month high on Friday after breaking above $60,000. The digital asset had begun its ascent weeks prior at the beginning of October, a historically bullish month for cryptocurrencies. This rally has been mostly driven by rumors that the SEC is set to approve the first Bitcoin ETF in the United States. With news like this circulating in the market, traders have ramped up their activities in the market. The rumors have triggered massive buying activities in the market and this has led to the price rally we are currently witnessing in the market. Related Reading....

Related News

Expect an “Inverse Capitulation” if Bitcoin Breaks $14,100: Analyst

Bitcoin currently trades for $13,800, establishing another floor as it looks to move even higher in the days ahead. The coin is below the daily highs of $14,100, set around 16 hours ago. Analysts think that Bitcoin could rip higher once it turns the $14,000 region into support. One trader went as far as to say that Bitcoin could see an “inverse capitulation.” Bitcoin Could Explode Higher if It Breaks $14,000, Analyst Says Bitcoin has […]

More Pain for Bitcoin Ahead as Price Breaks “Legacy Trendline,” Says Analyst

Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested it twice for an upside breakout, but with no success. The TradingView […]

Number Of Bitcoin Whales On The Rise As BTC Chases New All-Time High

Bitcoin whales are not slowing down on their accumulation tour despite rising prices. Bitcoin has now hit $62K for the first time in five months and the market has rejoiced over this milestone. With more growth expected in the coming weeks, investors are making sure that they do not miss out on what the digital asset has to offer in terms of value. BTC is now the de facto internet store of value, so investors are FOMO-ing into the asset. This has translated to a higher price for BTC. However, the majority holding is still skewed in favor of the whales. These addresses which hold 100 to.... secures regulatory approvals from Maltese authorities

The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018. Cryptocurrency exchange and debit card provider has scored major regulatory approvals from the Maltese government.According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted two financial licenses: a Financial Institution License and a Class 3 Virtual Financial Assets, or VFA, License.The Financial Institution License officially enables to provide payment services and issue electronic money. A Class 3 VFA License allows....

Analyst: Bitcoin Could Reel to $13,000 or Lower if It Breaks One Key Level

Bitcoin has been struggling to hold above $16,000 throughout the past couple of days, which is a somewhat grim sign Its weekly candle close is just a couple of hours away, and how it trades heading into this will likely set the tone for where it trends in the week ahead The ongoing influx of […]