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Lucy Hu, a senior analyst at Metalpha, told CryptoX that the new peak in mining difficulty, driven by the recent price surge and the halving's proximity, will lead to the dominance of advanced rigs like the Antminer S21, benefiting firms with the latest equipment. Source
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Popular trader Bitcoin Jack expressed doubt about BTC hitting $42,000, pointing out that the Binance and ETF news failed to significantly alter market dynamics Bitcoin (BTC), the world’s largest digital asset currently trading at $37,704 has experienced significant volatility since its inception. As we look ahead to 2024, investors, enthusiasts, and
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In recent months, the crypto world has been closely tracking news about spot Bitcoin ETFs. In October, fake news about the Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF sparked a rally in Bitcoin and altcoins. Based on this, analysts expect Chainlink (LINK), Meme Moguls (MGLS), and XRP to rally
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“If this $2.7b exits completely the bitcoin space then such an outflow would of course put severe downward pressure on bitcoin prices,” the authors wrote. “If instead most of this $2.7b shift into other bitcoin instruments such as the newly created spot bitcoin ETFs post SEC approval, which is our
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In a new analysis, JPMorgan has raised concerns about the potential outflow of funds following the possible conversion of Grayscale Bitcoin Trust
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There has been a lot of frenzy surrounding crypto exchange-traded funds, or ETFs. Some experts believe the crypto market bear run is ending as digital asset companies mount pressure on the U.S. Securities and Exchange Commission (SEC) and its chair Gary Gensler to approve ETFs. 2022 was a disappointing year for
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Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca. After the United States Department of Treasury purged Binance Holdings Ltd’s operations in the country, the pathway for spot Bitcoin exchange-traded
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Crypto asset manager Grayscale recently unveiled an updated version of its spot Bitcoin exchange-traded fund (ETF) following discussions with the US Securities and Exchange Commission (SEC). According to Bloomberg researcher James Seyffart, the updated documentation contains a plan to change GBTC’s ticker to BTC. After carefully reviewing the revised documentation, Seyffart
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Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine.BTC/USD 1-hour chart. Source: TradingViewBitcoin analysis: "Something is cooking"Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870.A subsequent
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