Charts: How an ETF Approval Could Impact Bitcoin's Price
This infographic of bitcoin's price is something I've been pondering today. It tells bitcoin's often dramatic price story in fundamental trend lines that abstract away some serious doses of speculative activity. There's a lot in this chart, so lets break it down: In late 2015 through to May 2016, we saw a three cats and a moon consolidation pattern play out over six months after a multi-level marketing (MMM) pyramid scheme took bitcoin price action through some exciting times. By early June 2016, we saw a speculative bubble (marked in green above) as the market sought to price in the....
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Needham & Company has put together a report on the prospects of the Winklevoss twins’ proposed bitcoin ETF, and it comes with both positive and negative news for the digital bearer asset. Spencer Bogart, a research analyst at Needham & Company, put together the report in response to the questions the company had been receiving from their clients regarding a possible bitcoin ETF. According to the report, the positive effect that a bitcoin ETF would have on the price of bitcoin is vastly underappreciated, and the probability of approval is drastically overestimated within the....
Amid the market slowdown, crypto analysts believe Ethereum (ETH) might be ready to retest key resistance levels again. Meanwhile, investors are expectant about the second-largest cryptocurrency performance as the final approval of spot ETH ETFs (exchange-traded funds) approaches. Related Reading: TrumpCoin (DJT) Surges 55% After News Of Trump’s Participation In Bitcoin 2024 Conference Is Ethereum ETFs Approval Already Priced In? The upcoming approval of spot Ethereum ETFs has crypto investors speculating about the launch’s impact on ETH’s performance. Renowned investor Daan Crypto Trades....
Despite some analysts noting why XRP is unlikely to end on a high, certain macro (and micro) factors could significantly impact the token’s price and possibly see it enjoy the same trajectory it did following Judge Analisa Torres’ ruling in favor of Ripple. SEC-Related Factors Could Impact XRP Price On August 17, the US Securities and Exchange Commission (SEC) was given approval by Judge Analisa Torres to file its motion seeking an interlocutory appeal against her ruling at the Court of Appeals. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600?....
Looking at the Ethereum price in the USD segment, very little has changed over the past few days. Now that the Bitcoin price has been on the rise again, the discussion ultimately turns to how Ethereum is doing. Albeit Ethereum has been losing some of its value compared to the Bitcoin trading price, the Ethereum price in USD remains virtually unaffected. Trading in the world of cryptocurrency is an exciting experience, as there are so many things taking place at once. Now that the Bitcoin price is rocketing over the past few days, there is usually a significant impact on the value of all....
The anticipated approval of a spot Bitcoin Exchange Traded Fund (ETF) has dominated discussions among traders, analysts, and market observers over the past few days. With many speculating on the potential impact, the age-old strategy of “buy the rumor, sell the news” has been at the forefront of many conversations. Will the strategy push the […]