合约挑战

These institutions are taking a second look at cryptocurrencies, and they are pouring in.

Last week, BlackRock (BLK) filed for a spot Bitcoin exchange-traded fund (ETF). This week, another comically large asset manager, Invesco (IVZ), reapplied for approval to offer a spot Bitcoin ETF. Less ridiculously sized ETF sponsor WisdomTree also reapplied for spot Bitcoin assets yesterday (WisdomTree’s application was originally rejected by the SEC in 2022).

Elsewhere in non-Bitcoin crypto, cryptocurrency exchanges backed by Fidelity, Schwab and Citadel Securities launched in the United States, and Deutsche Bank applied for a digital asset license in Germany.

Most Bitcoins are held in accounts that don’t trade. Despite recent negative crypto news, holders expect a sharp increase in Bitcoin value. Megacurrency…

Most Bitcoins are held in accounts that don’t trade

Despite recent negative crypto news, holders expect Bitcoin value to surge

Huge amounts of money are entering the Bitcoin market

How do markets thrive in the face of legal turmoil?

According to the illiquid supply change indicator, illiquid wallets holding crypto tokens, especially Bitcoin, were found to control the majority of the Bitcoin supply. Illiquidity trends indicate that hodlers predict that Bitcoin’s value will increase in the near future.

The digital currency ecosystem is awakening with new growth potential.

Part of the reason sentiment is building is positive economic data scheduled to be released this week.

Investors are advised to pay close attention to certain economic and financial data that had an impact on trading last week, especially after the U.S. Securities and Exchange Commission (SEC) took enforcement action against Binance and Coinbase, causing cryptocurrency prices to plummet. Bitcoin (BTC) and other cryptocurrencies have been affected by the crackdown on these digital asset service providers.

The price of the largest cryptocurrency by market capitalization plummeted to $25,400. So far, it corrected last week to a new multi-month low of $24,750.

Table of contents

Fidelity Investments Can Get Into Bitcoin!

Fidelity’s Crypto Initiatives

Fidelity Investments is expected to make an offer to acquire Grayscale and file for a Bitcoin ETF in the near future.

According to foreign sources, Fidelity may take action to acquire Grayscale, the world’s largest digital asset management company.

This step is not Fidelity’s first in the crypto market. Fidelity Investments operates its digital asset business under the name Fidelity Digital Assets.

Claims that the world’s third-largest asset manager will acquire Grayscale and apply for a Bitcoin ETF caused a stir in the community.

The U.S. Securities and Exchange Commission has revealed a significant increase in staff in its crypto legal division U.S. Securities and Exchange Commission enforcement has been used against numerous cryptocurrency issuers SEC Chairman Gary...

Key takeaways

U.S. Securities and Exchange Commission Reveals Major Increase in Staff in Its Crypto Legal Division

SEC enforcement has been used against numerous cryptocurrency issuers

SEC Chairman Gary Gensler urges cryptocurrency exchanges to register as securities trading platforms

Bitcoin not among cryptocurrency tokens subject to more regulatory scrutiny

An SEC complaint last week puts Coinbase under pressure amid crypto crackdown Robinhood is gaining market share from Coinbase, according to analysts.

Key takeaways

SEC complaint last week puts Coinbase under pressure amid crypto crackdown

Robinhood is gaining market share in the crypto space from Coinbase, according to analysts.

Coinbase’s decline in market share has led to a shift in focus to the European market as a potential area for expansion.

Retail Bitcoin traders from Coinbase Global Inc. may be switching to Robinhood Markets Inc., Mizuho Securities analyst Dan Dolev said.

Trading experience

If you don’t have enough patience and strict discipline in trading, no matter how many technical skills you learn, it will be of no use, because you will be influenced by market sentiment.

The biggest pain in trading is that you know what is right, but always make the wrong choice. You must cross this huge gap to know and do it.

There is not only technology in trading, but also iron-like discipline and strong execution. When the market is good and suitable for shorting, you should not hesitate to go short. Similarly, when the market is suitable for buying low, you should not hesitate to buy low. Do what you should do at the moment. made.