Bitcoin Network Sets New Mining Hashrate Record in View of Upcoming Halving and Spot ETF Approval
The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving.
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The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving.
The recent uptick in amendments to filings awaiting SEC approval could be a sign of progress in negotiations between asset managers and regulators.
According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark.
While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface.
Market observers believe that Bitcoin is nearing a pullback after its momentum this week.
The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain.
Bitcoin market dominance measures the degree of the market capitalization of Bitcoin relative to that of the overall crypto market.
Hashdex’s proposed ETF stands out from existing cryptocurrency-related ETFs due to its unique approach, which is the purchase of physical Bitcoin.
Hayes has always maintained an optimistic outlook on Bitcoin and remains one of the market analysts who believes the best is yet to come for the premier cryptocurrency. He believes we will see a $1 million price tag for the coin in the long term.
A DTCC spokesperson confirmed that the IBTC ticker for the BlackRock iShares Bitcoin ETF has appeared since August through a unique ID code called CUSIP.
BlackRock has taken an important step forward by obtaining a CUSIP number for its iShares Bitcoin spot ETF.
Bitcoin (BTC) has established strong support between $25,000 and $30,000. Take a look at the next key resistance.
Matrixport says BTC price may even hit the $56,000 mark by the end of the year.
BlackRock’s iShares Bitcoin Trust gets listed on the Depository Trust & Clearing Corporation (DTCC), however, analyst predict all approvals to happen at once.
Initially submitted on October 2, 2023, the proposal aims to convert the Grayscale Ethereum Trust, the largest Ethereum investment vehicle globally, into an ETF.