Friday, April 26, 2024
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Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.”In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.Analysis: Enduring Bitcoin support “a great sign”Bitcoin is wedged between

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SEC Reportedly Won’t Appeal Loss in GBTC Case, Boosting Odds It Can Turn Into an ETF

In August, the D.C. Circuit Court of Appeals ruled that the SEC’s denial of Grayscale Investment’s application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF was invalid and must be reviewed, calling it an "arbitrary and capricious" rejection. The court said that federal agencies are required to “treat

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Federal Judge’s Ruling Boosts Odds of US Spot Bitcoin ETF Approval, Adds Optimism to Grayscale’s Bitcoin and Ethereum Trusts

My view is if a U.S. spot bitcoin ETF gets approved, there should be little argument for holding up a spot ether ETF. And Grayscale itself has said it plans to convert ETHE and other products to ETFs. I wouldn’t hold your breath when it comes to SOL, ATOM or

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Bitcoin hugs $29.5K into CPI as odds split over new US inflation spike

Bitcoin (BTC) hovered near $29,500 on Aug. 10 as markets braced for a fresh United States Consumer Price Index (CPI) print.BTC/USD 1-hour chart. Source: TradingViewTrader warns of Bitcoin "downside" despite CPI volatilityData from Cointelegraph Markets Pro and TradingView showed BTC price action stabilizing in the run-up to the CPI release

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