![]() Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. BTC may face intensifying selling pressure at the $35,265 resistance level. The 14-Daily RSI reading of 73.58 shows BTC sitting in overbought territory. Hints of the SEC planning to decline one, some, or all the BTC-spot ETF applications could send BTC into retreat.Ī BTC fall through the $34,000 would give the bears a run at the $32,436 support level. Progress toward SEC approvals and an expected influx of institutional monies remain the driving force behind recent crypto gains. This is tho big reason why most everyone else does want to launch one, less fee pressure when Vgrd not around.” Technical Analysis Bitcoin AnalysisīTC remained above the 50-day and 200-day EMAs.Ī BTC breakout from the $35,265 resistance level would support a move to the November 2 high of $36,024 and the $36,400 resistance level.Ĭrypto-spot ETF news is the focal point. It’s just miles away from their DNA/brand. “Vanguard ruling out doing a bitcoin ETF is like Radiohead ruling out doing a Christmas album. On Sunday, BTC-spot ETF news failed to spook investors, who are more focused on SEC approvals than more spot-ETF applications.īloomberg Intelligence ETF Analyst Eric Balchunas reacted to recent news of Vanguard opting out of the BTC-spot ETF race, saying, ![]() While investors target altcoins in a rotation toward trailing coins, BTC remains the bellwether for the crypto market. ![]() ![]() In the week ending November 5, BTC gained 1.34% to end the week at $35,061. The market euphoria toward the launch of a BTC-spot ETF remains intact. “If Ripple ends up paying $20M or less it’s a 99.9% legal victory.” BTC-Spot ETF Hopes to Keep BTC at the $35,000 Mark Deaton believes there is a 90% chance of a favorable outcome for Ripple, saying, On November 4, CryptoLaw US founder and amicus Curiae attorney John E. The SEC is eying a $770 million penalty, while pro-crypto lawyers suggest a significantly lower penalty. If the two parties fail to agree to a briefing schedule, the court will arrange a contested briefing schedule. The outstanding charges relate to the unlawful sale of XRP to institutional investors. In October, the court ordered the SEC and Ripple to jointly propose a briefing schedule on related charges by November 9, 2023. The crypto community awaits updates from the SEC and Ripple on progress, if any, toward a briefing schedule. Investor sentiment toward the SEC v Ripple case likely fueled the buyer appetite for XRP. On Monday, November 6, XRP struck a high of $0.6887. In the week ending November 5, XRP surged 18.9% to end the week at $0.6611.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |