The United Stated SEC has pushed out its ruling on Bitcoin spot ETF until October, which has put downward pressure on the BTC price. Several prominent analysts have all agreed that the BTC price will likely fall to $24,800 mark before perhaps recovering. Nonetheless, September’s bear market worries have reignited
As we find ourselves in the final month of Q4 this year, it’s crucial to reflect on the past months, marked by extreme volatility and a series of significant events. The year began by recovering from the FTX collapse, witnessed the Memecoin hype season in Q2, faced SEC regulatory challenges
After Grayscale’s recent success over the SEC, Bloomberg analysts have increased the likelihood of a permitted spot Bitcoin ETF by the end of this year. Due to the unanimous and decisive manner in which the U.S Court of Appeals Circuit reached its verdict in the current case, Bloomberg senior ETF
Bitcoin has regained the spotlight following a legal victory by Grayscale this week. And now, $30,000 emerges as the next key milestone, according to on-chain analytics by IntoTheBlock. Approximately 6.2 million Bitcoin addresses acquired coins between the current price and $30k. This represents around 2.6 million BTC worth of ‘underwater’
After celebrating a significant victory against the United States Securities and Exchange Commission (SEC), which aimed to transform the Grayscale Bitcoin Trust (GBTC) into a publicly listed Bitcoin exchange-traded fund (ETF), the charts of the major crypto Currencies turned green. However, in a surprising turn of events, the coins quickly
Robinhood has announced several major expansions to its self-custody cryptocurrency wallet in response to user feedback. According to the company, the Robinhood Wallet has seen significant global adoption with hundreds of thousands of users across over 140 countries since its public launch six months ago. In a recent blog post,
Grayscale’s recent win against the United States SEC in its fight to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF was significant. Since July 2021, shares of Grayscale Bitcoin Trust rose the highest on Tuesday. August 29 saw a 17% increase in the price of GBTC shares,
Grayscale Bitcoin Trust’s win against the SEC has sparked a flurry of activity in the crypto market. In the last 24 hours, the cryptocurrency market has seen $171 million in liquidations, with $119 million coming from shorts. According to statistics from Coinglass, the discount between Grayscale’s Bitcoin Trust (GBTC) price
On Tuesday, the federal appeals court ruled that the Securities and Exchange Commission (SEC) must reevaluate the application of Grayscale Investments, a crypto asset manager, to launch the first bitcoin exchange-traded fund (ETF). This ruling marks a setback for SEC Chair Gary Gensler’s attempts to regulate the burgeoning crypto sector.
Grayscale prevailed against the U.S SEC in a historic ruling over the conversion of the Grayscale Bitcoin Trust to a spot Bitcoin ETF in a lawsuit. The Grayscale legal win might be a crucial step toward getting the first ever spot Bitcoin ETF authorized in the United States, especially in
