Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day – CoinDesk
bitcoin price (Bitcoin) It fell another 4.5% on Thursday to a one-month low of $40,800. The decline is roughly in line with the CoinDesk 20 Index, which tracks the world's largest and most liquid cryptocurrencies, which is currently down 4.6% over the past 24 hours. Since the newly approved Spot Bitcoin ETF began trading on […]
Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say – CoinDesk
Headwinds to Bitcoin (Bitcoin) Despite the early success of some US-listed spot exchange-traded funds (ETFs), stock prices continue to linger, which could contribute to price declines in the coming days. Bitcoin prices have fallen as much as 15% since the long-awaited ETF listing last week, with outflows from Grayscale's Bitcoin Trust product said to be […]
BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple – CoinDesk
The Wall Street machine needs to be fed, and pushing more crypto ETFs is an obvious choice, especially given the focus on Bitcoin. (Bitcoin) The products have been collected. This essentially means thousands of salespeople meet to showcase a new product, explain its features, and see if people want to buy it. But sell the […]
Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko – CoinDesk
Bitcoin (Bitcoin) Stocks have been under pressure since spot exchange-traded funds (ETFs) began trading in the U.S. last Thursday. The selling pressure is concentrated on the top crypto exchanges by trading volume, Binance, OKX, and Upbit, according to data tracked by Paris-based Kaiko. Bitcoin, the top cryptocurrency by market capitalization, is trading at $42,700 at […]
SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement – CoinDesk
Based on current information, staff understands that an unauthorized party gained access to @SECGov shortly after 4:00 PM ET on Tuesday, January 9, 2024. X.com Delete your account by taking control of the phone number associated with your account. An unauthorized person made a post at 4:11 p.m. ET purporting to announce the Commission's approval […]
Bitcoin ETFs: What to Expect on Day One – CoinDesk
Spot Bitcoin ETF has finally been approved in the US after 10 years of rigorous trials. The next step is to have it traded on Thursday morning. Following the Securities and Exchange Commission's green light Wednesday afternoon, the long-awaited product will debut on U.S. markets run by the NYSE, Cboe Global Markets and Nasdaq, with […]
Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to 'Chancellors on the Brink' Reference – CoinDesk
A clever jokester pays tribute to the world's biggest blockchain hype as speculation reaches fever pitch over the impending approval of a Bitcoin spot exchange-traded fund (ETF) in the US It seems like he put a lot of effort into it. While analysts speculated that approval could come as early as Wednesday, and that vehicles […]
Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations – CoinDesk
Later price changes series of false tweets Approximately $90 million worth of Bitcoin leaked from U.S. Securities and Exchange Commission (SEC) X account (Bitcoin) Long and short positions will be liquidated, exposing the operational risks associated with the industry. hacker Caught SEC's X account On Tuesday, it used that to post its approval of the […]
Jim Cramer Now Says Bitcoin Is 'Topping Out' – CoinDesk
Signals historically associated with inverse bets may spell better days for Bitcoin (Bitcoin) As the world's largest cryptocurrency investor, bulls await significant regulation on exchange-traded fund (ETF) products in the US Jim Cramer, a former hedge fund manager and host of CNBC's Mad Money, declared on Monday's TV segment that Bitcoin is “at an all-time […]
SEC Hustles to Answer Latest Bitcoin ETF Filings: Source – CoinDesk
U.S. Securities and Exchange Commission officials told prospective issuers of Bitcoin exchange-traded funds (ETFs) that the companies would submit documents detailing fees for their proposed products, according to people familiar with the comments. I posted a comment just a few hours later. The issuer is required to submit updated documents on Tuesday, the person said. […]