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Bitcoin Traders Anticipate Breakout as ETF Decision Looms

Bitcoin Traders Anticipate Breakout as ETF Decision Looms

BTC price is expected to experience a significant shift due to the upcoming spot Bitcoin ETF decision and incoming U.S. inflation data.

What are the next steps for the Bitcoin ETF?

What are the next steps for the Bitcoin ETF?

Final amendments from asset managers seeking regulatory approval for a spot Bitcoin ETF are due on Jan. 8. Analysts expect trading to begin on Jan. 11.

Digital Currency Group Settles $700 Million Debt with Genesis

Digital Currency Group Settles $700 Million Debt with Genesis

Digital Currency Group (DCG) has announced that it has paid off its short-term loans to Genesis, a now-defunct crypto lending platform, totaling approximately $700 million. This payment is part of DCG's efforts to satisfy over $1 billion of debt to its creditors within the past year.

Cryptocurrency Investors Await SEC Ruling on Bitcoin ETFs

Cryptocurrency Investors Await SEC Ruling on Bitcoin ETFs

Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected.

Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

Bitcoin Rebounds Above $44K as Spot BTC ETF Approval Looks Increasingly Likely

BTC recovered almost all losses from Wednesday's flash crash amid reports that a spot ETF approval could be imminent.

Bitcoin Price Could Soar as Spot Bitcoin ETFs Gain Approval

Bitcoin Price Could Soar as Spot Bitcoin ETFs Gain Approval

Financial professionals predict that the price of Bitcoin could surge following the approval of spot Bitcoin exchange-traded funds (ETFs). These ETFs, which are expected to be approved in 2024, would provide investors with direct exposure to Bitcoin and could drive significant demand for the cryptocurrency. If approved, a spot Bitcoin ETF from BlackRock alone could draw $100 billion in institutional investments to Bitcoin, according to SkyBridge Capital founder Anthony Scaramucci. Other industry experts, such as MicroStrategy former CEO Michael Saylor and Ark Invest, have even more bullish price predictions, with Saylor predicting $500,000 per Bitcoin and Ark Invest forecasting $1.48 million per Bitcoin by 2030. Despite the potential for significant upside, investors should be aware of the volatility and regulatory uncertainty in the cryptocurrency market.

SEC Expected to Reject Bitcoin Spot ETF Proposals: Matrixport

SEC Expected to Reject Bitcoin Spot ETF Proposals: Matrixport

Crypto investment services provider Matrixport predicts that the U.S. Securities and Exchange Commission (SEC) will deny all applications for a spot bitcoin exchange-traded fund (ETF) this month.