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 […]
Bitcoin’s correlation with gold sinks to two-year low, a warning for investors
Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum With full effects of tight monetary policy still to come, market should not get ahead of […]
Smartest man in the room has a warning about Bitcoin prices
Morgan Stanley’s Mike Wilson is seen as one of the best analysts in Wall Street. He warned that the S&P 500 is ripe for another 21% crash. If this view is valid, we could see BTC prices crash as well. Bitcoin price dipped to about $24,000 as a somber mood engulfed the stocks and cryptocurrency […]