Cryptocurrency Analysis and News Portal
Following the recent rejection of another Bitcoin ETF proposal by the U.S. Securities and Exchange Commission (SEC), one of SEC’s Commissioners, Hester Peirce, has criticized the agency’s decision. According to Peirce, the SEC’s rejection indicated that the chance of getting a bitcoin ETF approval was almost impossible and the securities
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The bitcoin price looked to be en route of surpassing a key resistance level at $8,250 that would leave it open to testing $9,000 and levels higher above it. But, the weekly close below $8,500 may leave it vulnerable for a steep pullback.In short-term trading, a weekly close is considered
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Bitcoin is showing first signs of a weakening upside momentum as traders adjust their sentiments near key resistance areas.The benchmark asset on Wednesday plunged by up to 3.15 percent in what appears to be a corrective action. The move downhill prompted it to establish an intraday low of $8,202.57 on
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Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from
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The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca.Taking a second lookIn an announcement on Nov. 18, the commission said that the ETF filing from Bitwise Asset Management and NYSE
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Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside.Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark. Daily
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Bitcoin (BTC) price continued to fluctuate around $10,500 on Sept. 5 as the largest cryptocurrency stopped short of breaking $11,000.Market visualization. Source: Coin360Bitcoin simmers after latest $11K moonshotData from Coin360 showed less volatile action for BTC/USD on Thursday, following the pair’s sudden rise of over $1,000 in the first
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Bitcoin price is at risk of falling from the current trading range and is hanging by a thread at $9,600 after repeated attempts to hold above $10,000 failed.And while a rebound from here cannot be ruled out, Bitcoin price was rejected by high timeframe resistance dating back to the previous
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