The Bitcoin community is expecting a Bitcoin ETF to begin trading today or tomorrow. BTC price is moving higher in anticipation of the launch.
The financial advisor to Bakkt Holdings in this deal was the investment banking company PJ Solomon.
Since the news broke out that the SEC could be set to approve a Bitcoin futures ETF application, the flagship crypto asset, for the first time since its April crash, managed to go above $60,000 again.
As Bitcoin nears $60K and looks to scaling its previous all time high, members of the community are hopeful for a US Bitcoin ETF approval.
Strong earnings reports help US stocks make major gains on Thursday. Stocks across the banking and tech sector registered major gains. Falling jobless numbers added fuel to the rally.
TradingView currently has about a 400% jump in created accounts and a 237% increase in visitors in the past 18 months.
Bitcoin price appears to take temporary respite after a five-month rally. However, analysts still remain bullish for the near future.
The Fidelity boss believes that the recent Bitcoin price rally is more sustainable and not just driven by short-term bulls. He also believes that Bitcoin doesn’t pose any threat to the USD.
The United States now dominates more than 35% of the global Bitcoin hashrate. Over the last few months, China’s dominance has dropped from 65% to zero.
According to Netflix, Bridgerton reached 82 million households in its first 28 days of release, compared to Squid Game’s record in 25 days.
With the exchange’s large customer base, Coinbase NFT can be positioned as a competitor for established marketplaces like OpenSea.
The investments that this fund will be powering are also billed to span other tech niches including virtual reality and artificial intelligence amongst others.
FTX.US also plans to start supporting NFTs on the Ethereum blockchain soon.
Making a move above $57,000 Bitcoin (BTC) sets a bull case scenario with an expected price target of $100K. Altcoin traders have also started moving to BTC in the prediction of a “Bitcoin season”.
In response to the global energy strain, the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+ decided to increase production in a steady manner.