SEC Shying Away From Bitcoin ETF, Why It Could Benefit BTC’s Price

SEC Shying Away From Bitcoin ETF, Why It Could Benefit BTC’s Price

With the unprecedented wave of institutions adopting Bitcoin, regulatory backing seemed like the next step. The appointment of Gary Gensler, former MIT professor on cryptocurrencies and blockchain technology, as Chairman of the Securities and Exchange Commission (SEC) strengthened this idea. However, as Bitcoinist reported earlier, the new SEC administration could continue its stand against BTC […]


Related News

Why You Should Be Wary Of The Bitcoin Rally With BTC At $22,000

Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels. At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last 24 hours and an 8% profit over the past week. This Bitcoin Bear Market Might Not Be Like 2020 Crypto market participants seem to be in pursuit of a quick and persistent uptrend, like the one seen in 2020. At that time, BTC’s price drop to a low of $3,000 and then began an ascend to its current....

How the “West” Is Driving Bitcoin’s Bull Market, But Asia Is Resisting

Bitcoin’s price is moving sideways in a critical support zone. At the time of writing, BTC’s price is trading at $55.780 with 0.3% in the daily chart and 7.3% losses in the weekly chart. According to Arcane Research’s most recent report, BTC’s 2020 and 2021 bull run has been heavily affected by the dynamics from […]

Get Ready For A Bitcoin Short Squeeze? Long Traders Pile Up As BTC Struggles

Bitcoin has been hinting at lower levels during today’s trading session. The benchmark crypto was rejected at around $48,000 and has been unable to reclaim its previous highs. Related Reading | Galaxy Digital’s Jason Urban What Will Drive Ethereum To Flip Bitcoin At the time of writing, Bitcoin trades at $43,100 with a 1% and 5% loss in the last 24 hours and 7 days, respectively. Data from Material Indicators records little support for BTC’s price as it moves in a tight range between $42,500 and $43,500. The benchmark crypto has been losing bid orders that could absorb future downside....

Why Bitcoin Needs To Go Above This Level To Reclaim $50K

Bitcoin slows downs as it makes its way back from the high area of around $30,000. The top crypto by market cap still records profits over the past week (3%) but could re-test support at lower levels. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position At the time of writing, Bitcoin trades at $41,300 with sideways movement over the past day. The cryptocurrency continues to trade in a tight range but soon could see an increase in volatility. Data from Material Indicators (MI) records short-term resistance as BTC’s price is above its current....

Why Bitcoin Must Meet These Conditions If It Wants To Stay Above $20K

Bitcoin managed to break above the resistance level above $21,000 and seems poised for further gains. The cryptocurrency records its first week in the green after relentless selling pressure pushed it to a multi-year low of around $17,000. Related Reading | Why Weakening Bearish Bitcoin Momentum Could Give Bulls The Upper Hand At the time of writing, Bitcoin (BTC) trades at $21,700 with a 5% and 12% profit in the last 24 hours and 7 days respectively. Data from Material Indicators (MI) shows an increase in bid orders for BTC’s price as it moves to $22,000. The cryptocurrency records....