SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF
SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments. Gemini has been named custodian for the ETF. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision […]
Gensler issues warning ahead of SEC’s Spot Bitcoin ETF decision
Spot Bitcoin ETF applicants strategically adjust fees ahead of potential SEC approval. Invesco, Valkyrie, and WisdomTree reduce costs to attract investors. Gensler’s cautionary note; SEC emphasizes risks in cryptocurrency investments, warning of unique challenges. As the crypto community eagerly awaits the SEC’s decision on Spot Bitcoin ETFs, recent developments have intensified the competition among ETF […]
BTC/GBP and GBP/USD diverge after the BoE rate decision
The Bank of England delivered another interest rate hike. The BTC/GBP and GBP/USD pair diverged after the report. It has formed a bullish flag pattern on the daily chart. The BTC to GBP pair moved sideways after the latest Bank of England (BoE) interest rate decision. Bitcoin was trading at £23,000 on Thursday, where it has […]
Bitcoin price dips below $25k after Fed decision- what next?
Bitcoin price fell below $25,000 after the Fed rate pause news. An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next. The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back. Bitcoin price broke below the $25,000 level overnight […]
Bitcoin price prediction ahead of Fed decision, NFP data
Bitcoin price declined slightly on Monday after nearing the resistance at $24,000. Macro factors will be the key drivers for Bitcoin and other asset prices. Consumer confidence, Fed decision, and NFP data will be in focus. Bitcoin price pulled back slightly on Monday as investors started focusing on the key economic data from the US […]