Author: msmark

The discussion surrounding approving a spot Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) is intensifying as the decision announcement date rapidly approaches. Bloomberg’s Senior ETF Analyst, Eric Balchunas, has shared a rather cautious outlook, estimating the likelihood of an ETH spot ETF receiving the green light at a mere 25%. Ethereum Slight Chance To A Spot ETF Approval Skepticism about the unlikelihood of a spot ETH ETF approval is rooted in what Balchunas perceives as deliberate non-engagement from the SEC rather than mere procrastination, leading to an absence of positive indicators for approval in the…

Bitcoin price is consolidating gains above the $70,000 resistance zone. BTC could rally again if there is a move above the $71,500 resistance in the near term. Bitcoin price moved in a positive zone above the $66,500 level. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $71,500 resistance zone. Bitcoin Price Regains Strength Bitcoin price started a decent increase above the…

US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDU.S. dollar displays rangebound behavior ahead of high-impact events on FridayUS PCE data and Powell’s speech on Friday will be key for marketsThinner liquidity conditions are expected later in the week because of a bank holidayMost Read: Japanese Yen Outlook – Market Sentiment Signals for EUR/JPY, GBP/JPY, AUD/JPYThe U.S. dollar, as measured by the DXY index, moved within a narrow range on Tuesday, displaying a lack of clear direction, but ultimately managed to eke out tiny gains. Mixed U.S. Treasury yields and a sense of caution among market participants contributed to the muted price…

Jelle, a well-regarded crypto analyst, recently shared via the latest post on X that Bitcoin is on the verge of a significant upward movement, potentially reaching the $100,000 mark much sooner than many have anticipated. This optimistic prediction comes when Bitcoin has shown considerable resilience, bouncing back from various challenges and solidifying its position as a leading digital asset. The Bitcoin Path To $100,000 Jelle’s assertion that Bitcoin is gearing up for a significant price rally to $100,000 is supported by recent market movements and the strategic positioning of investors within the ecosystem. The analyst’s confidence is rooted in observing…

2024.03.26 2024.03.26 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 26.03.2024Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.The article covers the following subjects:Elliott wave Bitcoin analysisThe BTCUSD is forming a corrective wave (4) as a part of the bullish impulse. Correction (4) is developing as a standard zigzag A-B-C. Impulse A has completed, and correction B is to finish soon as a zigzag [A]-[B]-[C]. The Bitcoin price should turn down and start declining in the C impulse to a level…

Layer 1 (L1) blockchain platform Aptos has experienced a significant surge in key metrics, accompanied by a 12% price rally of its native token APT within the past 24 hours. On Tuesday, the token’s price approached its all-time high (ATH) level of $19,92, reaching above $19. APT Eyes $20 Milestone Despite the recent price correction across the broader cryptocurrency market, Aptos’ APT token has been on an impressive uptrend since early March. Over the past 30 days, the token has surged by more than 94%, showcasing its strong performance. Aptos has also gained recognition in crypto, climbing to the 23rd…

A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market. The pseudonymous analyst known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation for a breakout. He says many altcoins are forming similar bullish price patterns with consolidation in a broader uptrend as shown in Render’s chart. “RNDR: you know, a lot of good charts have this same type of price action. I think now is a great…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). When the value of this metric is positive, it means that the price listed on Coinbase is…

A group of Republican lawmakers, including the chairmen of the House Financial Services Committee and House Committee on Agriculture, has formally requested SEC Chair Gary Gensler to provide clear guidance on the regulatory stance regarding the custody of non-security digital assets by Special Purpose Broker-Dealers (SPBD).The March 26 letter specifically demands clarity on the status of Ethereum (ETH) and further requests the regulator to establish clear definitions for various terms related to crypto, digital assets, securities, and investment contracts.The letter was signed by 48 members of Congress, including House Financial Services Committee chair Patrick McHenry and House Committee on Agriculture…