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Etf Approval

All articles tagged with #etf approval

cryptocurrency4 months ago•3 min saved

XRP Price Analysis: Potential Breakout and Future Surge

Ripple's XRP experienced a significant 45% drop after October 10 due to geopolitical tensions and market shocks, but has since recovered to around $2.52. The future remains uncertain amid regulatory delays, macroeconomic risks, and potential liquidity crises, with the possibility of sharp rebounds if positive catalysts like ETF approvals materialize. Investors should remain cautious given XRP's high volatility and the broader economic environment.

via TipRanks|

#cryptocurrency #etf-approval #macro-risks

cryptocurrency1 year ago•2 min saved

"SEC Approval of Ethereum ETFs Sparks Bull Run and Crypto Optimism"

Ethereum's recent bull run is driven by increased activity from whale addresses, particularly in anticipation of the Ethereum spot ETF approval. A notable whale acquired 8,733 ETH at around $3,054.56, resulting in significant unrealized profits. Following the SEC's approval of Form 19b-4, this whale also invested in other Ethereum ecosystem tokens, including Lido DAO. Data shows a rise in the number of addresses holding large amounts of ETH, while staked ETH saw a slight decline. Ethereum is currently trading around $3,790, attempting to establish $3,600 as a support level.

via AMBCrypto News|

#bull-run #cryptocurrency #etf-approval

cryptocurrency1 year ago•1 min saved

Bitcoin Whales: Impact on BTC Holdings and Market Outlook

The approval of the Bitcoin spot ETF in the United States led to an increase in whale addresses holding 1,000 or more Bitcoin, with their holdings surging by over 220,000 BTCs. Despite a recent price decline, the whales who purchased during this period are still holding at a profit, as indicated by the Market Value to Realized Value ratio. Bitcoin's price surged to new highs following the approvals, reaching close to $70,000, and despite recent moderation, it remains in a bullish trend, trading over $69,000 at the time of writing.

via AMBCrypto News|

#bitcoin #btc #cryptocurrency

cryptocurrency2 years ago•1 min saved

"Bitcoin's Soaring Value Boosts Crypto Stocks to New Heights in 2023"

Cryptocurrency-related stocks listed in the U.S. surged as bitcoin reached a fresh high for the year, surpassing $42,000. The rally in these stocks is driven by optimism about potential interest rate cuts in the U.S. and expectations of the approval of U.S. stock market-traded bitcoin funds. Bitcoin's rise is also attributed to falling yields and positive sentiment for the upcoming year, which includes the halving process. Companies such as Coinbase, Microstrategy, Riot Platforms, Marathon Digital, and CleanSpark experienced significant gains in November. The ProShares Bitcoin Strategy ETF rose, while the ProShares Short Bitcoin Strategy ETF fell. This rally comes after a lukewarm period for cryptocurrencies earlier this year, with bitcoin up over 150% in 2023, on track for its best annual performance since 2020.

via Reuters|

#bitcoin #crypto-stocks #cryptocurrency

cryptocurrency2 years ago•2 min saved

Bitcoin's Pre-Halving Rally Signals $120,000 Price Target by 2024

The pre-halving rally for Bitcoin may be approaching, with predictions ranging from $50,000 to $120,000. However, the increase in mining difficulty and the uncertainty of a spot Bitcoin ETF approval may impact the rally. Analysts suggest avoiding FOMO and waiting for entry points, while also considering the re-accumulation at $30,000 as a potential reference point. The potential approval of a spot Bitcoin ETF could lead to significant inflows and further price increases.

via Cointelegraph|

#bitcoin #cryptocurrency #etf-approval