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Analysts foresee prolonged weakness in BTC and altcoins following hawkish comments from the Federal Reserve.
Bitcoin on-chain data shows the crypto exchange Binance observed large inflows amounting to almost 10k BTC yesterday. Bitcoin Netflow Shows A Huge Positive Spike As 10k BTC Enters Binance As pointed out by an analyst in a CryptoQuant post, the BTC ne...
The regulatory body said any rule change in favor of approving the ETF would not be aimed at preventing “fraudulent and manipulative acts and practices” nor would it necessarily “protect investors and the public interest.”
It's a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests.
Bitcoin "isn't shouting for bullishness" below $37,500, fresh analysis says, as the Federal Reserve's latest comments deliver little direction.
The regulatory body said it was "appropriate to designate a longer period" to approve or disapprove of the proposed Bitcoin ETF.
FRONT, DG and QSP join the list of altcoins which surged more than 40% after BTC recovered the $38,000 level.
The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining.
$39,600 is the favored short-term target, whether or not Bitcoin price action ultimately returns to downward momentum.