Crypto2024

In spite of the fact that ChatGPT is not equipped with the most recent information and does not offer any forecasts about the future, I used a jailbreak to question it about what the future holds for XRP, taking into consideration the current situation. When the bot was asked what the future holds for XRP in light of the positive court verdict, it answered by suggesting that the cryptocurrency may have short-term momentum as investor confidence improves.

On the other hand, this may slow down at some point in the future due to the fact that the market is influenced by a variety of factors, including acceptance, attitude, and the clarity of legal requirements. In addition, the bot added that although favorable developments on the legal front are a sign of optimism, it is still essential to maintain watch of other developments and prospective regulatory changes that might have an impact on the price of XRP in the future.

When I asked ChatGPT what the price of XRP would be in the first quarter of 2024, the bot made a bold assertion that the cryptocurrency will achieve $10 per token. I provided ChatGPT with some context by mentioning the press time pricing of Bitcoin and Ethereum.
Although it referred to this peak as the "comeback of the century," it also cautioned that its forecasts are only hypothetical and that the real prices may differ drastically from what was predicted.

Lastly, I inquired as to whether or not the cryptocurrency will reach its all-time high in the year 2024. A confident response was sent to me by the bot, which stated that XRP will "blow past" its all-time high (ATH) in 2024 and reach heights that have never been seen before, leaving its previous all-time high in the dust.
#XRPUpdate #XRP #crypto2024

An gain of 7.5% in the price of Bitcoin over the past twenty-four hours has resulted in the price reaching above $45,900 in the most recent few hours. Below are the three primary causes behind this:
1.A Huge Offer from CME
The operations that took place on the Chicago Mercantile Exchange (CME) were primarily responsible for the recent spike in the price of Bitcoin. There was a period of time when the price of Bitcoin on CME was nearly $1,400 higher than it was on Coinbase, which indicates that there was strong purchasing pressure on cryptocurrency exchanges.
Due to the fact that the CME Group, which is a well-known exchange for cash settled Bitcoin futures contracts, is able to attract a sizeable number of institutional investors, the price changes that it experiences are particularly notable. The odd trading behavior was brought to light by analyst Will Clemente, who stated via X that "CME trading at fresh 52-week highs on an illiquid Monday night like someone knows something."
2.Bold Predictions Are Shared by Leading Experts
Significant market expectation has been sparked as the deadline for the United States Securities and Exchange Commission's (SEC) decision on the approval of a spot Bitcoin exchange-traded fund (ETF) draws closer. The deadline is set for January 10. According to a story that was published by Bitcoinist today, the SEC is apparently finishing up the paperwork.
Additionally, yesterday, there was an increase in the number of speculations that the Securities and Exchange Commission (SEC) would approve a batch of spot Bitcoin exchange-traded funds (ETFs) as early as today, on January 2. According to a report from Reuters, the Securities and Exchange Commission (SEC) may be able to provide issuers with information on their authorization to launch spot Bitcoin exchange-traded funds (ETFs) for the following week as early as today, Tuesday or Wednesday. The investors may have had a feeling of FOMO, which stands for fear of missing out, as a result of this supposition.
That being said, this is by no means a finalized agreement. During her discussion on X, Eleanor Terrett of FOX Business offered her observations and commented on the unpredictability of the SEC. Terrett made the following observation: "Despite the fact that the SEC is undoubtedly unpredictable, it would be surprising to me if approvals were to take place [today]." [...] The Securities and Exchange Commission (SEC) is still required to analyze all of the modifications that were made to the S-1s that were submitted on Thursday and Friday, as well as to provide feedback on those modifications.
3. Powerful Technicals on a Number of Different Time Frames
Bitcoin's technical performance was characterized by the presence of strong bullish signals over a variety of time periods. Skew, a well-known cryptocurrency expert, focused his attention on the 30-minute chart of the Bitcoin to US Dollar exchange rate. A chart was connected to a post that Skew made on X, and he assessed the following:

Bitcoin (BTC) has successfully rebounded from the lower lower end of the ascending trend channel and is currently attempting to surpass the upper resistance on the daily chart. Bitcoin has once again shown respect for the trend that began in the middle of October and is currently beginning another effort to break out of the current range. It is possible that a daily close that is higher than $45,500 will be crucial. After that, the next possible objective might be the 0.618 Fibonacci retracement level, which is located at $48,700. At the time of publication, the price of Bitcoin was $45,693.

#BTC #etf #crypto2024 $BTC

After plummeting below $41,000 the previous day as a result of the Matrixport FUD, the price of bitcoin increased by 3% on Thursday but then fell again.
Two days ago, VanEck, Grayscale, and Fidelity all submitted their applications to the Securities and Exchange Commission (SEC) to register their securities.
As a result of the SEC's meeting with the NYSE, NASDAQ, and CBOE exchanges to discuss the spot Bitcoin exchange-traded fund (ETF), the approval hype momentum is in full gear.
As a result of investors being aware of the false information that was behind the drop, the price of bitcoin has practically rebounded one day after the crash. On the other hand, the rationale for the false information was also dispelled as spot BTC ETF applicants made another step ahead in reassuring customers who are waiting for permission from the Securities and Exchange Commission (SEC).
The Daily Digest Market Movers: Applicants for the Bitcoin Exchange-Traded Fund have submitted fresh applications
The 8-a forms for the registration of the securities were submitted on Thursday by VanEck and Grayscale, following in the footsteps of Fidelity, which had already done so. The applicants are not, contrary to what would seem to be the case, resubmitting their applications. This is something that should be taken into consideration.
This stage is a component of the procedure that necessitates the submission of this information by each and every application. This is done to guarantee that they do not overlook anything that might potentially impede their acceptance during the first wave, which is anticipated to take place between January 8 and 10.
As a result of the fact that it requires the applicant to include a description of the sort of securities that are being offered, data about the issue date, distribution date, and conditions, this document functions as a brochure for investors who are not very familiar with the investment product.
These submissions were made less than a day after the regulatory body had a meeting with the exchanges that were anticipated to assist in the launch of the investment products that the applicants had submitted. In order to get their feedback about the possibility of spot Bitcoin ETF approval, the Securities and Exchange Commission (SEC) held meetings with the New York Stock Exchange (NYSE), Nasdaq, and Cboe exchanges.
With all of these occurrences pointing in the direction of a bullish result, it is impossible to know for definite what will occur until it actually takes place.
Investors were alarmed when the price of Bitcoin dropped below $41,000 on Wednesday; but, as this article is being written, the cryptocurrency has recovered by 2.3% and is now trading at $44,234. This price movement is still, for the most part, fulfilling the bullish divergence that has been witnessed over the course of the preceding several days.

As a result, Bitcoin is on the right track and is expected to maintain the upward trend it is now experiencing in order to break beyond the $45,000 level before the spot BTC ETF approval. There is a possibility that it may encounter some resistance around $45,259; nevertheless, transforming it into a support floor would allow for further increase.
However, if the barrier is not broken, Bitcoin might retrace its steps to $44,000 or below, which would indicate that the short-term bullish argument is not supported.
#BTC #etf #cryptocurrency #crypto2024