"Hello to everyone who, like me, is interested in and learning about the world of cryptocurrencies, and who also looks far into the future. I'll be delighted to
F🇻🇨 From January 8 to 10, the SEC will approve several spot ETFs for BTC
This was stated by a Bloomberg analyst.
In his opinion, the Commission strategically delayed applications for the instrument in order to approve most of them at the same time and not give an advantage to one of the issuers.
🪙 An additional argument in favor of the adoption of BTC-ETF is Grayscale’s victory in court against the SEC in August.
The expert said the Commission was "backed into a corner by the judges" and had no choice but to reject or accept the first two applications.
💬 Of course, the regulator can still give a negative answer. However, this will be a real surprise for the market, the analyst noted. #BTC🔥🔥 #etf #BinanceTournament
🪙 XRP has significant potential, not inferior to the shares of Amazon, Apple and Netflix, says cryptanalyst Panos Mekras. He bases his opinion on the statements of investor Brian Feroldi, who argues that even newcomers to the market have the opportunity to make profitable investments. As an example, he cites the success of investments in Apple, Amazon and Netflix, made 5 years after their key points in their development.
Mekras shares this view, but pays special attention to the XRP cryptocurrency. He emphasizes that the cryptocurrency space provides similar opportunities for those who join later.
💬 In his opinion, XRP is a highly rated crypto project, comparable to a “blue chip” in the world of cryptocurrencies. #XRP #binancebuild #futures
Previously, Bitcoin approached the $36,000 mark, which was last seen in May 2022, after which a correction began. The results of the latest meeting of the Federal Reserve System (FRS) provided important support for Bitcoin. The regulator left the key interest rate at 5.5%. However, the Fed emphasized that inflation in the US is still above the target level, and therefore it is too early to draw conclusions about a possible reduction in the key rate, market participants say. 💬 According to cryptocurrency analysts, a steady consolidation above $35,000 is helping to strengthen Bitcoin's position. However, if buyers fail to hold this level, there is a high probability that a deep correction will begin.
BlackRock has updated its bid for a spot BTC-ETF. The revised document includes 5 new pages that address additional risks that exchange-traded fund investors may face. In the new version of the application, BlackRock made amendments regarding the risks associated with the potential consequences of unpredictable events in the crypto industry on the value of the ETF. Whereas previously the focus was on how fraud and security failures on exchanges could affect the fund, the company has now expanded the list of risks to include BTC directly.
💬 With this commentary, BlackRock is fulfilling its responsibility to warn other market participants about the possible risks associated with the crypto industry. #BTC #binance
PetroChina made the first ever purchase of oil for digital yuan
The management of the state-owned company does not disclose the name of its counterparty and the size of the transaction. It is noted that the transaction on SHPGX occurred at the request of the local government of Shanghai, which strongly recommended the use of the electronic yuan (e-CNY) in international trade. The state-owned company emphasized that the PetroChina (SS: 601857) oil purchase deal was the second purchase deal raw materials on the Shanghai Exchange, where the transaction currency is denominated in digital yuan, and the first in history when the object of the transaction was oil. Previously, China National Offshore Oil and France's Engie entered into a similar agreement with payment in e-CNY for the supply of 65,000 metric tons of liquefied natural gas. Former head of the People's Bank of China (PBOC) Zhou Xiaochuan expressed the opinion that the integration of the digital yuan (e -CNY) into the country's economy contributes to the effective fight against financial crimes and money laundering.#futures #binance
🚀 Why did the price of LINK increase by 20% per day? Sunday started with LINK price slightly above $9, but in the morning it had already reached $10.86. This level is the highest since May 2022, when the LUNA ecosystem crisis occurred. Over the past 7 days, the coin has shown an impressive increase of 44%. 🗼 Analysts from the Lookonchain portal have identified several large transactions with LINK, which indicate some activity and a price increase on October 22. Experts believe that the growth of cryptocurrency is associated with actions on Korean exchanges and the interest of cryptocurrency “whales”. In addition, a representative of the Chainlink ecosystem today recalled the project’s collaboration with leading financial institutions aimed at implementing the idea of tokenizing real-world assets.
Analysts say that all signs indicate that the price of this cryptocurrency will continue to rise in the next few months. #LINK#binance #futures
Avoid useless thoughts while trading. Trust your proven strategy 📈. It is important to remember that when trading, focus on reactions rather than predictions. The best traders have patience and take their time in making trades. Trust your proven model and wait for the right moment. Your strategy has already taken into account all the nuances - trust it and act with confidence 📊. #futures #BTC #DeFi
It would seem that everything has already been said regarding spot Bitcoin ETFs, but then suddenly JPMorgan came up with a theory that approval of these funds is possible in the next few months 📈.
Matrixport believes that if approved, the price of Bitcoin could shoot up to $42,000 🚀.
Anecdotally, there have already been a significant number of applications for Ethereum (ETH) spot ETFs. However, unlike Bitcoin, the prospects are extremely vague 👀. #BTC #NEWS
By the way, Bitcoin is currently following gold, rising against the backdrop of a difficult political and economic situation in the world 🌍💰. For a long time, it was believed that Bitcoin as a “digital safe haven” only caused discontent and doubts. However, now Bitcoin is getting closer to truly becoming “digital gold” 🚀🪙. #BTC
Bitcoin quickly surged to $30,000 in response to news of the supposed approval of BlackRock's Bitcoin Spot ETF 📈. However, soon after this, BlackRock itself denied this information, causing a wave of indignation among investors 🙅♂️.
Such sharp fluctuations in the cryptocurrency market are often perceived as manipulation and can create opportunities for both shorts and longs. Investors are looking to adapt their strategies and reset their expectations. In this case, many are suggesting that stops for short positions are concentrated below $25,000 💡.
The market is expected to remain unpredictable and volatile in the near future and investors will continue to closely monitor news and developments. Bullrun development could take a few more months, and many remain cautiously optimistic 📅. #BTC
One of the key trends in 2023 was the increase in institutional interest in cryptocurrencies. Large financial institutions such as banks and hedge funds are actively investing in Bitcoin and other cryptocurrencies. This is a sign that cryptocurrencies are becoming increasingly recognized assets in the global financial system. Another notable trend is the development of cryptocurrency ecosystems such as decentralized financial (DeFi) applications and non-fungible tokens (NFTs). These technologies are creating new opportunities for financial transactions and digital assets, changing the way we perceive and use money and digital assets. #будущеенаступило #DeFi #NFT