Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price...
Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,” the world’s largest digital asset manager detailed. Grayscale’s Crypto Market Outlook Grayscale Investments, the world’s largest digital asset manager, published a report titled “Bear Markets in Perspective” this week. The firm explained: “The length,....
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Since February, Grayscale Bitcoin Trust (GBTC) has continued to trade at a negative premium. The Bitcoin fund, available to institutional investors on the traditional stock market, has traded below the price of Bitcoin since February 22, 2021 — a telling sign that its demand was drying up. Just four months ago, GBTC”s premium was at a whopping 33.12%. Since then, its premium has fallen into a downward spiral, hitting an all-time low of -14.34% on […]
Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours. See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
According to VeChain pricing analysis, VET prices have been moving sideways over the last few days. VET prices moving sideways as seen in the past few days VeChain price fluctuating in the $0.02 and $0.027 range VET price is down by 0.5% Nevertheless, because the prices have been trading above the crucial support level of $0.02412, there has been a minor bullish bias in the prices. At $0.02474, the prices are now being rejected. As of this writing, VET is trading at $$0.02491, down 0.5 percent in the last 24 hours. It turned out that the low volume breakout was a fakeout. As a result, the....
The price of Bitcoin experienced a notable increase after the U.S. Court of Appeals for the DC Circuit determined Tuesday that the Securities and Exchange Commission (SEC) was mistaken in rejecting Grayscale’s request to transform its prominent BTC trust into an exchange-traded fund (ETF). In response to the ruling, Bitcoin’s value surged by more than […]
Will GBTC get to become the first US-based spot bitcoin ETF? The euphoria from six months ago turned into Grayscale hinting that it might sue the SEC if its request is denied. Currently, the climate dictates that the answer will probably be negative, but the company is not giving up. According to CNBC, Grayscale “met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF.” Related Reading | Grayscale Removes Bancor (BNT) And Universal Market Access (UMA) From Its DeFi Fund The....