Select Page

Cryptocurrency

 

Bitcoin extends decline to 6%. What’s next

Bitcoin extends decline to 6%. What’s next

The ETFs came and yesterday's volume numbers were big but not as big as I thought they would be for some of the most-hyped financial products ever created. Now the pain trade is hitting with bitcoin down nearly 6%.I also wonder -- if on-exchange ETF buyers are now the...

Bitcoin ETFs approved — SEC document

Bitcoin ETFs approved — SEC document

Everyone is being careful with this but the SEC website this time has a new document here.It ends with:IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58;...

BTC/USD price rising, Who let the dogs out?

BTC/USD price rising, Who let the dogs out?

We finally got the news on the approval (that wasn;t fake):Bitcoin ETFs approved -- SEC documentEven though the SEC boss didn't like it:SEC head Gensler says does not approve or endorse bitcoin; a speculative, volatile assetThe Bitcoin price didn't do a whole lot on...

SEC says Bitcoin ETFs have NOT been approved

SEC says Bitcoin ETFs have NOT been approved

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

The SEC will never live this down

The SEC will never live this down

The SEC twitter account being hacked on the eve of the expected ETF announcement is a massive blackeye for the organization that's supposed to be in charge of investor protection.The risk is that this disaster delays the actual ETF approval. I can't imagine it would...

Why the spot bitcoin ETF will be approved

Why the spot bitcoin ETF will be approved

Spot bitcoin ETF approvals are a done deal, the only question is how the market will react.The co-founder of crypto manager Valkyrie Steven McClurg today said the SEC will approve the ETF sometime after the market closes on Wednesday with trading beginning on...

Bitcoin hits $47,000 as ETF fever builds

Bitcoin hits $47,000 as ETF fever builds

I ran a poll earlier today and the results so far have shocked me.I would put the odds at 99% and would have thought that a community of market watchers would have put it at least at 85%.Perhaps as the news continues to hit and bitcoin grabs more headlines, there will...

Bitcoin has hit its highest since April of 2022

Bitcoin has hit its highest since April of 2022

Bitcoin is having a Happy New Year, making a new high from all the way back in April of 2022:Weekly candlesLower rates on the horizon have been supporting all sorts of risk trades. Halving coming not doing it any harm either:Bitcoin, rising in price to over USD50K due...

Buyers are stuffing bitcoin in their stockings

Buyers are stuffing bitcoin in their stockings

The hype train around a bitcoin ETF continues to build and that's helped to to shrug off a recent pullback to rise back above $44,000. Until the ETF starts trading (or at least until it's announced) I can't see a reason to sell bitcoin. That pull is even stronger...

Bitcoin extends decline to 9%

Bitcoin extends decline to 9%

Bitcoin dailyBitcoin has now erased most of last week's gain.Prices of bitcoin have dropped 8.9%, or $4000 today to $40,550. The selling started in Asia without a catalyst and has continued today. Some eyes were on long options bets that were liquidated.A bitcoin spot...

Bitcoin has fallen as low as circa $35.8K

Bitcoin has fallen as low as circa $35.8K

News overnight that the U.S. Justice Department (DOJ)Binance founder and CEO Changpeng Zhao pleaded guilty to criminal charges brought by the U.S. Department of Justice.The DOJ is seeking over $4 billion from Binance as part of a proposed resolution of its probe.-The...

Bitcoin nears the highs of the year in a 5% rally

Bitcoin nears the highs of the year in a 5% rally

Bitcoin dailyBitcoin fell yesterday in a move that was strangely at-odds with the raging rallies in risk assets elsewhere. Some of the selling was because of confusion and bad reports about ETF filings. In any case, BTC found support ahead of the early-November lows...

Bitcoin wasn’t invited to the party

Bitcoin wasn’t invited to the party

The waiting game continues for a bitcoin ETF and it appears as though some bulls are losing patience, or taking profits. Bitcoin is down 3.7% today, or $1348 to $35,040 in the second day of selling. There have been several false reports of bitcoin ETFs and an approval...

Sam Bankman-Fried takes the stand

Sam Bankman-Fried takes the stand

Sam Bankman-Fried is testifying today. We got a preview of what he will say yesterday in a hearing with the judge but the jury excluded. His lawyers are working on an 'advice of council' defense where he claims that everything he did that was wrong was based on the...

Bitcoin higher again, above US$32K

Bitcoin higher again, above US$32K

I posted yesterday on some bullish BTC thoughts:Morgan Stanley says “crypto winter” may be in the past. Optimistic for an April 24 halvingAnd since then we've had some news:Bitcoin is up 4.7% today and there is all kinds of speculation about a bitcoin ETFBitcoin...

Bitcoin jumps above $28,000 | Forexlive

Bitcoin jumps above $28,000 | Forexlive

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Ethereum climbs 3% on talk of ETF launches

Ethereum climbs 3% on talk of ETF launches

Ethereum is at the highs of the day, up 3.1% to $1644.The catalyst is chatter that the SEC is trying to accelerate the launch of futures-based ETFs before the anticipated government shutdown on Monday. If a shutdown occurs, just 8% of SEC staff will stay on the job.A...

Bitcoin falls to the lowest since June

Bitcoin falls to the lowest since June

The risk mood is beginning to sour and an early tell was selling in bitcoin. The sales have accelerated in the past 15 minutes and bitcoin broke the recent range low of $25,269. The next level to watch is the June low of $24,750.Bitcoin dailyIn March, bitcoin briefly...

Bitcoin sags as Grayscale verdict awaited

Bitcoin sags as Grayscale verdict awaited

Cryto traders are watching the clock today and waiting for an 11 am (or just before) ruling on the Grayscale Trust vs SEC case in the D.C. Circuit Court. It won't necessarily come at that time, or today at all but rulings typcically come on Tuesdays and...

Bitcoin falls to fresh daily lows, falls 7%

Bitcoin falls to fresh daily lows, falls 7%

It's not a pretty picture in bitcoin as today's decline has extended to 7%, or nearly $2000.Two levels to watch: $25,000 and the June low of $24,750. If those break, there isn't much down to $20,000. This article was written by Adam Button at...

No Grayscale vs SEC decision today

No Grayscale vs SEC decision today

Eyes are on the US court of appeals for the D.C. Circuit for a potential decision in the bitcoin spot ETF case with Greyscale suing the SEC for approval. Some were pointing to slate of decisions today set for 11 am ET but that came and passed with four decisions and...

SEC now ready to consider ETH futures – report

SEC now ready to consider ETH futures – report

The SEC has indicated its readiness to publicly consider the latest ether futures filings, according to two sources cited by Blockworks. The report noted that the readiness to consider doesn't necessarily mean they will be approved.ETH dailyThe report adds to the...

Mad admits to being the original Bitfinex hacker

Mad admits to being the original Bitfinex hacker

The original Bitfinex hacker has finally been identified. Ilya “Dutch” Lichtenstein, a resident of New York, has admitted to being the original Bitfinex hacker. The coins were worth $71 million at the time and the value eventually grew to $4.5 billion.Lichtenstein and...

PayPal launches stablecoin | Forexlive

PayPal launches stablecoin | Forexlive

PayPal USD has launched a stablecoin PYUSD. The coin is is issued by Paxos Trust Co and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said on Monday. It’s pegged to the dollar...

where can I trade stocks