Author: NBTC
The price of Bitcoin is maintaining an upward trajectory, catching many off guard this weekend. As of now, BTC has surged by 3.0% in the last 24 hours, and sustaining a 12% rally in the last week. At $30,780, according to data by Coingecko, the top crypto is just inches away from reaching the vaunted $31K, a territory it briefly crossed in April 10 this year. The $30,000 mark holds considerable significance for Bitcoin, functioning as both a psychological milestone and a technical resistance point. Psychologically, it represents a round number that influences investor sentiment, inspiring confidence when surpassed and…
The price of Bitcoin (BTC) moved above $30,000 in the last few hours, according to data from CoinMarketCap. However, as with multiple instances in the past week, the crypto market leader was unable to sustain its bullish momentum, dipping by 0.6% in the last hour. As the BTC market continues its battle against the $30,000 resistance zone, Bitcoin critic and gold advocate Peter Schiff has weighed in on the ongoing discourse surrounding the potential effects of the approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin ETF Will Not Boost Institutional Investment, Schiff Says In a post on X on Saturday,…
Hong Kong’s Customs and Excise Division is trying to tighten regulatory measures to handle the money-laundering dangers related to cash-for-crypto retailers, South China Morning Submit reported on Oct. 21. The choice comes after police arrested a few of these retailer homeowners in reference to the alleged $192.7 million fraud perpetrated JPEX crypto alternate. In Hong Kong, conventional cash changers are overseen by the Customs and Excise Division. Nevertheless, over-the-counter (OTC) cryptocurrency alternate retailers at the moment function with out licensing or regulatory oversight. A few of these OTC retailers promoted JPEX’s funding choices, which the Securities and Futures Fee (SFC)…
Ethereum (ETH) has so far relatively underperformed in comparison to the flagship cryptocurrency Bitcoin. However, that could change soon enough as a crypto analyst has predicted the second-largest crypto token by market to gain some momentum soon enough. Ethereum To Hit $1900 In a post shared on his X (formerly Twitter) platform, prominent crypto analyst Ali Martinez mentioned that Ethereum could rise to as high as $1,900. His prediction was based on data that he had pulled up from the chart which he shared in his post. The chart (a 3-day timeframe) featured an ascending triangle pattern, which usually represents…
The crypto community is buzzing with excitement after a renowned finance author predicts an impending Bullish outcome for Bitcoin. The words of the respected financial figure have raised questions and discussions across the crypto community. Rich Dad Poor Dad Author Sees Bitcoin Rising Japanese-American entrepreneur and author of the famous Rich Dad Poor Dad book, Robert T. Kiyosaki recently stated in an X (formerly Twitter) post on Thursday, that Bitcoin was poised to reach $135,000 after hitting a $30,000 mark at one point on Friday following rumors of BlackRock’s Bitcoin ETF approval. Gold will soon break through $2,100 and then…
In the last seven days, Bitcoin has gone up by 10.50%, following a series of significant gains across the week. Most notably, the largest crypto asset surged by 7% on Monday following the emergence of fake news on the approval of the BlackRock iShares Bitcoin Spot ETF. As expected, this price gain drew a plethora of reactions from various crypto enthusiasts and analysts. In particular, Larry Fink, the CEO of BlackRock, stated in an interview with Fox Business that the BTC surge was partially due to the fake news of the spot ETF approval but also because of a growing…
Crypto financial services platform Matrixport has predicted that an approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could push the price of Bitcoin between $42,000 and $56,000 per unit. BTC, the world’s largest cryptocurrency, has experienced notable increases in value throughout the current week, with the aim of surpassing the significant threshold of $30,000. The cryptocurrency has been influenced by the operations of a spot Bitcoin Exchange Traded Fund (ETF) as investors continue to await approval to onboard institutional and mainstream exposure to the digital asset. Bitcoin Is Headed For $56,000 Matrixport conducted an…
The Bitcoin price has surged to a 2-month high of $30,245 today, reflecting a 5.7% increase within the last 24 hours. While several factors could have contributed to this rally, four principal drivers appear to dominate discussions. #1 Expectations Of A Spot Bitcoin ETF Approval There’s palpable excitement within the community as rumors intensify about the US Securities and Exchange Commission (SEC) potentially approving the first-ever spot Bitcoin ETFs. Currently, the SEC is actively engaging with prominent applicants including Grayscale, BlackRock, Fidelity, Invesco, and Ark Invest, among others. This has never happened before in the long history of Spot Bitcoin…
In a recent development, leading investment bank Morgan Stanley has weighed in on when the lingering Bitcoin bear market is likely to end. Interestingly, they share some similar views with analysts who have made predictions in the past. Bitcoin Halving A Major Factor In an article released by the investment bank, Morgan Stanley highlighted Bitcoin’s importance as the leading crypto and how the Bitcoin Halving, which is set to take place in April 2024, could affect its price and other crypto tokens by extension. Bitcoin halving is a deflationary measure that occurs every four years, during which the rewards of…
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