Friday, February 3, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Bitcoin tops $60,000 as investors bet on ETF approval – KION546

by Crypto News
October 15, 2021
in Bitcoin
0
Bitcoin tops $60,000 as investors bet on ETF approval – KION546
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


By Paul R. La Monica, CNN Enterprise

Bitcoin costs continued their October surge on Friday, topping $60,000 on hopes that the Securities and Change Fee will quickly approve a bitcoin futures exchange-traded fund.

Cryptocurrency traders have been excited by a tweet from the verified account of the SEC’s Workplace of Investor Training and Advocacy late Thursday that stated, “earlier than investing in a fund that holds Bitcoin futures contracts, be sure you fastidiously weigh the potential dangers and advantages.”

That gave the impression to be a tacit admission that the SEC would quickly give the regulatory inexperienced gentle to “a fund that holds Bitcoin futures contracts.”

Quite a few investing corporations, together with ProShares, Invesco, VanEck and Galaxy Digital, have filed with the SEC for bitcoin futures ETFs.

It’s a manner for particular person traders that don’t wish to undergo the difficulty of mining -— i.e. utilizing fancy {hardware} to resolve complicated mathematical issues that generate a brand new bitcoin — to entry different methods to purchase and promote the cryptocurrency.

And bItcoin bulls have been ready for the SEC to approve one, with the hopes that having an ETF will make it even simpler for common traders to purchase crypto.

“It appears clear that regulators will approve some model of a crypto ETF quickly,” stated Chris Kline, chief working officer and co-founder of Bitcoin IRA., including that “the SEC is beginning to perceive how these belongings are saved, secured, and reconciled in order that it is sensible in conventional finance.”

Brokerages like Coinbase and Robinhood permit for bitcoin transactions, and there are additionally a number of ETFs already that put money into firms tied to cryptocurrencies and blockchain know-how.

Bitcoin’s curler coaster experience

It’s been a whirlwind of a month for bitcoin. The world’s most useful cryptocurrency topped the $50,000 level last week for the primary time in 4 weeks and quickly surged past $55,000 after the household workplace of billionaire investor George Soros disclosed it was investing in bitcoin.

Bitcoin costs are actually solely about 8% under their all-time excessive of slightly below $65,000 that they hit earlier this 12 months.

Buyers are hoping that, along with approving a bitcoin ETF, US monetary businesses will proceed to take a extra measured method to regulating cryptocurrencies. Federal Reserve chair Jerome Powell and SEC chief Gary Gensler have advised that the US received’t crack down on crypto as severely as China has done.

“With current affirmation from each the Fed’s Powell and SEC’s Gensler that though laws are coming, there isn’t a China fashion clampdown envisioned, this can present consolation to the broader institutional market that [bitcoin] is right here to remain,” stated Seamus Donoghue, vp of gross sales and enterprise improvement at METACO, a digital asset infrastructure supplier.

Costs have additionally continued to rally recently regardless of extra criticism from bitcoin bear Jamie Dimon.

The JPMorgan Chase CEO stated on the Axios HBO present earlier this month that bitcoin was “just a little little bit of idiot’s gold” with “no intrinsic worth.”

Dimon additionally warned on the Axios present that “regulators are going to control the hell out of it.” And if that wasn’t sufficient, Dimon called bitcoin “worthless” throughout a digital look on the Institute of Worldwide Finance Assembly on Monday.

The-CNN-Wire
™ & © 2021 Cable Information Community, Inc., a WarnerMedia Firm. All rights reserved.





Source link

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022
Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

February 3, 2023
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023
🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

🚀XRP NEDEN YÜKSELDİ? RIPPLE DAVAYI KAZANACAK MI? SEC’NİN RIPPLE XRP TALEBİ REDDEDİLDİ! #xrp #ripple

February 3, 2023
#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

#shorts 👉 DO NOT BUY ANY CRYPTO TODAY!! My short term ETHEREUM prediction

February 3, 2023

Recent News

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

February 3, 2023
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News