Bitcoin - Optimisus

JPMorgan Casts Doubt on the Impact of Bitcoin ETFs

6 months ago 1 min read

JPMorgan Report Highlights Uncertainties Around Bitcoin ETFs

Bitcoin’s recent price surge, driven by optimism surrounding the potential approval of bitcoin exchange-traded funds (ETFs) in the United States, has sparked excitement in the crypto community. However, JPMorgan holds a more skeptical view on the matter. The bank acknowledges two major reasons behind this enthusiasm. First, the approval of bitcoin ETFs could potentially bring a fresh wave of investments into the cryptocurrency market. Second, it might lead the U.S. Securities and Exchange Commission (SEC) to adopt a more lenient stance toward crypto regulation. However, JPMorgan isn’t entirely convinced that this optimism is well-founded. One of the bank’s concerns is

Some cryptocurrency analysts say that Bitcoin halving could have potentially turned a mere $5 investment into a whopping $130K

6 months ago 1 min read

These Crypto Analysts Say Bitcoin Halving Could Turn $5 to $130,000

Bitcoin has been making waves in the financial world, especially during its halving events. These halvings occur around every four years and have a significant impact on Bitcoin’s value by reducing its new supply. As a result, prices tend to surge. Investors have noticed a unique pattern related to Bitcoin’s halving events. By following this pattern, one could have potentially turned a mere $5 investment into a whopping $130,000. This remarkable growth significantly outperforms just holding onto Bitcoin without taking advantage of these halving periods. Plan B, a well-known figure in the crypto world, highlights the potential of this investment

Bitcoin's (BTC) price soared past the $36500 mark

6 months ago 1 min read

Bitcoin (BTC) Surges Above $36,500 Amid Growing Open Interest

Bitcoin’s (BTC) price soared past the $36,500 mark, reaching almost $37,000 in a rapid price surge that caught many traders and investors off guard. This unexpected move, known as a “short squeeze,” fueled renewed optimism among BTC enthusiasts. Leading up to this price surge, there had been significant anticipation surrounding Bitcoin’s potential to break through a crucial resistance point at $34,800. However, few had predicted such a dramatic upward trajectory. The sudden price jump was triggered by a surge in open interest, a measure of the total number of outstanding futures contracts. This spike in interest indicated increased speculation and

Bitcoin is currently experiencing some volatility

6 months ago 1 min read

Bitcoin (BTC) surges above $35,000

Bitcoin (BTC) reached an impressive 18-month high, injecting a fresh wave of optimism into the cryptocurrency community. This surge in Bitcoin’s price has led many to believe that it could potentially reach even greater heights in the coming year. Despite this recent price surge, Bitcoin is currently experiencing some volatility, with its price swinging between $34,546 and $35,892. Over the past 24 hours, it has seen a modest 1% increase, and trading volume has spiked significantly, up by 42%. Notably, Bitcoin has demonstrated an impressive 27% increase in value over the last 30 days. Adding to the excitement in the

Bitcoin Approaches $35,000 Amidst Wall Street Closure: Steady Above $34,000

6 months ago 1 min read

Bitcoin Holds its Ground on $34,000: Will It Break $35,000 Barrier?

Bitcoin (BTC) finds itself in a tight consolidation phase, with its price fluctuating between the $34,800 and $35,250 levels. While the bulls have attempted to breach the resistance at $35,250, the bears have demonstrated resilience around the $35,300 and $35,550 levels, leading to a balancing act in the market. Recent data reveals that Bitcoin is maintaining stability as it approaches the $35,000 mark. The $34,000 price point has emerged as a temporary support level, suggesting the potential for upward movement in the near future. Notably, Credible Crypto, a prominent analyst, envisions Bitcoin surpassing the $35,000 threshold and identifies three crucial

6 months ago 1 min read

Invesco Galaxy Bitcoin ETF and BlackRock Listed on DTCC Site

The Invesco and Galaxy Spot Bitcoin exchange-traded fund (ETF) is making progress in its application process. The ETF, identified by the ticker BTCO, has recently appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. Notably, the BTCO ticker was not listed on the DTCC website as of October 25, indicating that this change has occurred within the last six days. However, it’s essential to understand that being added to the list of “ETF Products” on the DTCC’s site does not guarantee the ETF’s future approval. A DTCC spokesperson clarified that adding securities to the NSCC security eligibility file is

6 months ago 1 min read

Can Bitcoin ETF Approval by January Send BTC Price to $100,000?

The excitement and anticipation surrounding the potential approval of a United States-based spot Bitcoin exchange-traded fund (ETF) is reaching fever pitch. Bloomberg Intelligence has estimated a 90% chance of the Securities and Exchange Commission (SEC) granting approval by January 10, 2024. The approval could mark a significant turning point for Bitcoin’s price trajectory, potentially driving it to $100,000. The news that BlackRock might be investing in a Bitcoin ETF has sent ripples through the crypto market, pushing the price of Bitcoin above $35,000. This price level hasn’t been seen in nearly 18 months and stands in contrast to Ethereum’s 50%

Bitcoin's future price is a subject of debate among crypto enthusiasts

6 months ago 3 mins read

Will Bitcoin (BTC) Hit $50,000 Next Year?

Bitcoin (BTC) has indeed made a significant impact in the world of finance and technology since its inception in 2009. This article provides insights into its history, factors influencing its price, and its prospects in the years to come. What is Bitcoin? Bitcoin was introduced by an anonymous Satoshi Nakamoto and has since become the most well-known crypto globally. Its decentralized nature and cryptographic consensus have revolutionized how we think about and use money. The crypto landscape has evolved over the years, giving rise to several altcoins that attempt to compete with Bitcoin or offer unique features. Bitcoin’s market dominance

JP Morgan predicted that the US SEC might give the green light to Bitcoin Spot ETFs

6 months ago 1 min read

JP Morgan says the US SEC will approve Bitcoin Spot ETFs by January 10, 2024

JP Morgan, one of the largest and most influential banks, is predicting that the United States Securities and Exchange Commission (SEC) might give the green light to Bitcoin Spot ETFs (Exchange-Traded Funds) by January 10, 2024. Now, what’s so exciting about this? Well, Bitcoin ETFs would make it much easier for regular people to invest in Bitcoin. Think of them as a way to indirectly buy and own Bitcoin without dealing with all the technical stuff. You could own Bitcoin just like you own shares in a company. But here’s the twist: If the SEC says “no” to these Bitcoin

Bitcoin's dominance surged above 50% for the first time since April 2021.

6 months ago 1 min read

Bitcoin dominance exceeds 50% for the first time since April 2021

Bitcoin’s dominance surged above 50% for the first time since April 2021. This means that Bitcoin’s (BTC) market capitalization now accounts for over 50% of the total cryptocurrency market. It’s a development that many traders and investors closely monitor, as it reflects Bitcoin’s strength relative to other cryptos in the market. To put it simply, when Bitcoin’s dominance is high, it indicates that BTC is outperforming alternative cryptocurrencies to Bitcoin (altcoins). When it’s low, it suggests that altcoins are gaining ground. Now, there are a few reasons why this surge in dominance is happening. One factor is the recent buzz

Court's Ruling on Grayscale's Bitcoin ETF Proposal Sparks Market Gains

6 months ago 1 min read

Crypto Market Surges Following Court’s Decision on Grayscale’s Spot Bitcoin ETF

The US Courts have issued a new mandate concerning Grayscale’s proposal for a spot Bitcoin ETF, and this development has had a ripple effect across various markets. Grayscale seeks to convert it into a spot Bitcoin exchange-traded fund (ETF). The legal process started gaining attention on August 29, when courts mandated the U.S. Securities and Exchange Commission (SEC) to review Grayscale’s proposal. This week, a formal mandate was issued, further emphasizing the need for this review. This recent mandate coincides with positive performance across multiple assets. The Grayscale Bitcoin Trust (GBTC), which is at the center of these proceedings, has

Bitcoin Price Surge Results in $400 Million Worth of Liquidations in Just One Day

6 months ago 1 min read

Bitcoin Price Rally Leads to Over $350 Million in Liquidations

The recent surge in Bitcoin’s price was no exception, and it led to some dramatic developments, including massive liquidations. The moment came when a single Bitcoin liquidation order hit the market, and it was valued at an astonishing $9.98 million. This occurred in the BTCUSDT trading pair, and it’s a vivid example of the high-stakes nature of cryptocurrency trading. Over the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. That’s a substantial number of individuals and entities who found themselves in a tight spot due to the market’s volatility. Data from CoinGlass reveals