There are many retailers accepting cryptocurrency as a form of payment and realizing how important it is to attract and tap into a more tech-savvy client base.
The cryptocurrency world is abuzz with significant developments as Bitcoin grapples with market volatility. On Thursday, Bitcoin’s price saw a notable decrease, dropping by nearly 4.50% to $43,000. Amidst this price fluctuation, major financial players like JPMorgan and Goldman Sachs are engaging in talks with Grayscale about the role of a Bitcoin Exchange-Traded Fund (ETF).
In the volatile world of cryptocurrencies, Bitcoin recently experienced a sharp decline, losing over 7% in just 24 hours, and dragging other major cryptocurrencies down with it. Ethereum, Solana, XRP, Cardano, and Avalanche all suffered significant losses following Bitcoin’s drop to below $42,000.
The U.S. Securities and Exchange Commission (SEC) will reportedly hold meetings with the nation’s largest stock exchanges on Wednesday, refining all details related to a suite of Bitcoin ETF applications.
More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval.
Cryptocurrency financial services company, Matrixport has projected a possible rejection of spot Bitcoin (BTC) ETF applications in January with final approval in the second quarter of the year.
Well-known macro expert and crypto veteran Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) during the next bull market would be a rather underwhelming outcome for the ongoing bullish cycle.
In a recent interview, analyst Glen Goodman, author of The Crypto Trader, discussed if a spot Bitcoin exchange-traded fund (ETF) is priced in, and what could happen if the “unknown factor”, Gary Gensler, decides to delay it.
In the dynamic world of cryptocurrencies, Bitcoin currently trades at $45,224, marking a slight decrease of less than 0.50% on Wednesday. In a significant move, Michael Saylor has initiated the sale of $216 million in MicroStrategy stocks, opting to invest further in Bitcoin.
Trillion-dollar asset managers are eyeing approval for their Bitcoin (BTC) ETF products within days, and all are competing to seize market share at the opening bell.