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The delays come amid heightened anticipation of a spot bitcoin ETF approval by the federal regulator, which has so far rejected every attempt to list such a product for the general investing public. Over a dozen companies have filed to launch spot bitcoin ETFs in 2023, with several others now
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Bitcoin and select altcoins are showing strength, a possible sign
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Traditionally, options are used to mitigate risk, although some speculators use them like futures to amplify returns. Bulls typically buy puts to protect against a potential downside, while bears use call options to protect from a sudden upswing in prices. Efficient use of options is contingent on a thorough understanding
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Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multiday lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sheds $1,000 in an hourData from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, which fell over $1,000 in a single hourly candle.The
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However, some market watchers warned of a dump as traders were more incentivized to go short or bet against, a price rise as such positions earned fees from those going long. In futures trading, longs pay shorts when funding is positive, and vice-versa when funding is negative. Source
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Big declines across the board prompted over $307 million in liquidations of leveraged crypto long positions – bets on higher prices – over the past 24 hours, data from CoinGlass shows. This was the largest amount of liquidated longs in a day since August 17, when bitcoin (BTC) plunged from
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"ETF speculation is front and center for now, but the store of value narrative still holds and will give the asset a resilient and increasing floor," Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted in an email to CoinDesk. "I very much doubt that the recent sell-off
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Riffing, then, on what the explanation might be for the SEC's continued rejections of spot ETF applications, Wood referred to "speculation" surrounding Gensler's desire to be Treasury Secretary. "What does the Treasury Secretary do? It's very focused on the dollar," she said. Original Source
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Prior to this morning's report, traders were pricing in about an 86% chance the Fed would hold rates steady at its next meeting in mid-December, and there's roughly a 75% chance of a continued pause at the January meeting, according to the CME FedWatch Tool. Shortly after the data, the
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Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says.In his latest interview with Cryptox, the co-founder of trading suite DecenTrader shares his thoughts on BTC price action.Filbfilb: Bitcoin has given “strong indicator” of bear market breakoutBitcoin has well and truly
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