The United States Commodity Futures Trading Commission (CFTC) has issued a notice, paving the way for spot Bitcoin exchange-traded fund (ETF) options. Analysts believe these products could be listed soon. “Ball now in OCC’s court, and they are into it, so they’ll prob list very soon,” ETF analyst Eric Balchunas commented in a Nov. 15 post on X (formerly Twitter). CFTC’s position on Bitcoin ETF options “Here. We. Go,” added ETF analyst James Seyffart. The CFTC’s Nov. 16 statement clarified the Division of Clearing and Risk’s (DCR’s) position, stating that the agency has no further role in clearing these options.
US dollar inflation rose to 2.6% in October after falling for 8 months from 3.5% in March, lagging Bitcoin’s bear market over the same period. Are stocks and BTC about to re-couple?
With Dogecoin (DOGE) facing stagnant growth, now might be the time to shift focus to Rexas Finance (RXS). Still under 10 cents, RXS offers the unique advantage of tapping into the high-potential market of real-world asset tokenization and DeFi solutions. Moreover, with its innovative approach, supported by a strong presence on CoinMarketCap and plans to
The recent Bitcoin surge has sparked a flurry of activity across the crypto ecosystem, influencing government policies, corporate strategies, and technological advancements.
Key Takeaways: Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts eagerly anticipate the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10? This forecast for Polygon’s price examines factors such as
A little over a year since its debut, the SEI token has experienced remarkable growth, looking to break into the top 50 largest cryptocurrencies by market capitalization. The altcoin has been one of the best performers in the past few days while posting a double-digit gain in the last 24 hours. Crypto Analyst Says Token Is Heading To $0.65 — Here’s How In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an interesting projection for the price of SEI in the short term. According to the pundit, the cryptocurrency seems ready to continue its upward momentum and movement. This bullish forecast revolves around the formation of the bull flag pattern on the SEI price chart on the four-hour timeframe. The bull flag formation often serves as a strong continuation pattern for upward price trends. Related Reading: Bitcoin Bears In Trouble: $800 Million Set For Liquidation If BTC Reclaims This Price The technical analysis formation is characterized by a period of almost vertical upward price movement (the flagpole) followed by a slight consolidation period (the flag itself). While the bull flag pattern signals the potential for price to trend higher, it is necessary to wait for a successful break out of the consolidation for confirmation. As observed in the chart above, the price of SEI appears to have broken out of the consolidation zone, with a four-hour candlestick closing above the upper boundary. According to Martinez, this recent price action puts the next stop for the token at $0.65, representing roughly a 20% rally from the current price. As of this writing, the SEI token is valued at around $0.53, reflecting an almost 16% climb in the past day. The altcoin, which was mostly quiet all week long, is now up by nearly 18% in the last seven days, according to CoinGecko data. Is SEI Following SUI? Earlier in the past week, Martinez predicted that the price of SEI was soon going to follow the path of the red-hot SUI. Perhaps due to their similar names, these two crypto tokens have an almost identical price trajectory. $SEI will follow $SUI… $1.60 next! pic.twitter.com/UA2a9hUSs1 — Ali (@ali_charts) November 11, 2024 It is worth mentioning that SUI, which is up by more than 50% in the past week, has been impressive long before positive momentum returned to the market. However, Martinez took to the X platform to share that SEI will follow SUI’s bullish footsteps — with $1.6 in its sights. Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs Featured image created by Dall-E, chart from TradingView
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Argentine President Javier Milei calls for maintaining cryptocurrency independence, Hive provides an update on its Paraguayan mining site, and World lands in Brazil. Milei Advocates for Crypto Independence: ‘Don’t Let States Take Over’
On November 17, COINOTAG News reported insights from Raoul Pal, a former Goldman Sachs executive and the founder of the macro research firm Real Vision. Utilizing the X platform, Pal
As Solana strives to reclaim its all-time high following recent gains, the trajectory of Bitcoin remains a pivotal factor in the cryptocurrency landscape. Recent shifts in market sentiment indicate Solana’s
An artificial intelligence (AI) tool has offered a possible bearish outlook for Bitcoin (BTC) in a worst-case scenario after the … Continue reading The post AI sets Bitcoin’s next low target in a worst-case scenario after record-high appeared first on Finbold .