The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage.
There is a recorded plunge in business activity as Europe reels from rising inflation and a consistent increase in interest rates.
The Monetary Policy Committee promises to keep an eye on the indications of the long-lasting inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices.
A flood of spot Bitcoin ETF applications coming from the wealthiest asset managers of the world has fuelled investor optimism with BTC price gaining more than 20% in the last three days.
The crypto sector also saw its largest Bitcoin short squeeze since May amid a new high spurred by traditional interest in cryptocurrencies.
Several Wall Street Banks, including Goldman Sachs, have cut their outlook on growth in China as the economy struggles.
The US central bank chairman Jerome Powell has stated that there would be two more rate hikes in 2023. Bank of America expects these hikes to come in July and September.
The deal will require Binance.US to submit its operating expenses to the court and the SEC to protect the business as the case progresses.
On Tuesday, June 13, the markets reacted positively to the publication of inflation data.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
While the SEC’s designation of some cryptocurrencies as securities has shaken the market, the development companies behind these assets have strongly rejected the regulator’s characterization.
Meta will work towards making these AI capabilities accessible to people.
The SEC has filed lawsuits against Coinbase and Binance, categorizing numerous cryptocurrencies, including Chiliz, Flow, Dash, and Near, as securities, further solidifying its aggressive stance on crypto regulation.
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
Binance said that although it takes the SEC’s actions seriously, it will defend its position in the court “vigorously”.