Bitcoin (BTC) was declining toward the $44,000-$45,000 support zone at the time of writing and is roughly flat over the past 24 hours. Indicators suggest a possible price bounce, albeit limited toward the $55,000 resistance level.BTC has been stuck in a month-long trading range after a near 20% crash in early December discouraged some buyers. Since then, the relative strength … [Read more...] about Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce
Await
Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed
Bitcoin traded in a tight range around $46,000 on Tuesday. Some traders prefer to remain on the sideline until the U.S. Federal Reserve concludes its two-day monetary policy meeting on Wednesday, which could be a source of market volatility.Despite relative calm in crypto markets, equities traded lower as the CBOE Volatility Index (VIX) remained elevated around the 20 level. It … [Read more...] about Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed
More than 40 digital currency ETFs await US regulatory approval
Fund managers appear to be scrambling to match demand from investors as major cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH) teeter around record price levels. According to a Bloomberg Terminal screenshot taken by Bloomberg Intelligence analyst James Seyffart, over 40 cryptocurrency exchange-traded funds, or ETFs, are now awaiting listing in the U.S. The source … [Read more...] about More than 40 digital currency ETFs await US regulatory approval