Bitcoin's recent correction and regulatory news have caused a wave of selling, but analysts from JPMorgan believe that the sell-off may be nearing its end phase, with limited downside predicted for the crypto market in the near term.
The number of bitcoin held in centralized exchange addresses has reached its lowest level in over five years, reflecting growing market sophistication and the rise of services like crypto custodian Copper's ClearLoop, which allows users to trade without moving funds to exchanges. This decline in exchange reserves suggests a shift towards self-custody and a long-term investment approach by investors.
The US Securities and Exchange Commission (SEC) has postponed its decision on three Bitcoin exchange-traded fund (ETF) applications from WisdomTree, Invesco, and Valkyrie, with new deadlines set for October.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot bitcoin ETF applications until October, causing a 4.1% drop in bitcoin's value.
The United States Securities and Exchange Commission (SEC) has delayed BlackRock's application for a Bitcoin exchange-traded fund (ETF), pushing the decision deadline to October 17th.
Bitcoin and major tokens have experienced losses as the U.S. Securities and Exchange Commission (SEC) delays key ETF decisions, dampening hopes of a long-term recovery.
The U.S. Securities and Exchange Commission's delay in approving the first spot bitcoin exchange-traded fund (ETF) has not diminished the optimism of many in the crypto industry, with approval still considered inevitable according to former SEC chair Jay Clayton, and pending applications from Blackrock, Fidelity, and others increasing the probability of approval, which would be a "watershed moment" for bitcoin.
Bitcoin and other cryptocurrencies experience a decline as the Securities and Exchange Commission slows down the decision process for crypto exchange-traded funds.
Bitcoin is trading near the $26,000 level and uncertainty about its next move suggests a limited downside in the near term, with hopes for approval of a spot Bitcoin exchange-traded fund by the SEC potentially providing support.
The Securities and Exchange Commission (SEC) is more likely to approve spot bitcoin ETF applications following a federal court ruling that highlighted the regulator's arbitrary treatment of similar products, potentially leading to the withdrawal of approval for futures-based bitcoin ETFs. However, while the approval of spot bitcoin ETFs may be closer, it is unlikely to have a significant impact on the crypto market.
The approval of a Bitcoin exchange-traded fund is likely to be delayed for years if the US Securities and Exchange Commission takes a hard stance on the matter.
A court victory for Grayscale Bitcoin Trust may lead to its transformation into an exchange-traded fund, potentially providing a profitable opportunity for investors. However, the approval of the US Securities and Exchange Commission (SEC) remains uncertain, despite a recent favorable ruling.
Investors shouldn't worry about a government shutdown as it is unlikely to have a significant impact on the markets.
A government shutdown on October 1 is likely, but it is not expected to have a significant impact on financial markets or cause an economic recession.
Experts suggest that the crypto industry's most urgent needs, such as SEC decisions on ETF applications and progress in court cases, won't be entirely derailed by a potential government shutdown, although there may be temporary slowdowns and a halt to SEC enforcement against crypto firms. Federal courtrooms are expected to operate normally for a few weeks, and criminal trials will continue, but the progress of cryptocurrency legislation in Congress may be stalled. If the shutdown persists, it may have significant repercussions as unpaid employees leave and government offices exhaust their funds.
A government shutdown in the US may cause the Federal Reserve to delay an interest rate hike and could impact the recent strength of the dollar, analysts have warned. The shutdown could also lead to a delay in key inflation data, which would affect Fed policy decisions, and may put pressure on consumer spending.
If U.S. lawmakers don't reach a decision on government spending by Sept. 30, bills focused on crypto regulation, market structure, and stablecoins could be put on hold, potentially impacting the progress of crypto legislation in Congress.
The U.S. Securities and Exchange Commission (SEC) has delayed its response to spot bitcoin ETF applications from Ark 21Shares and Global X as it extends the deadlines amid budget negotiations and the potential for a government shutdown.
Bitcoin and other cryptocurrencies remain stable or slightly higher despite turbulence in the stock market, but this calm may not last.
The impending government shutdown may have an impact on the financial markets, according to Kristina Hooper, Chief Global Market Strategist at Invesco.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
The initial public offering market is facing a potential halt due to a possible government shutdown.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
The United States Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck, extending the deadline to December 25 and December 26 respectively, while the New York Stock Exchange Arca and Cboe BZX Exchange also filed proposed rule changes for various crypto ETFs on September 27.
The launch of Ethereum futures ETFs in the U.S. may be expedited due to the possibility of a government shutdown, with analysts suggesting that trading could begin as early as next week.
The US Securities and Exchange Commission has further delayed its review of applications for the first Bitcoin exchange-traded fund (ETF) from BlackRock, Invesco, and others, despite having until mid-October to make a decision.
Bitcoin and other cryptocurrencies are rising as traders are optimistic about the potential of a US government shutdown, despite the risk of liquidity drainage.
Bitcoin's positive monthly return may be at risk due to a possible federal government shutdown, as the cryptocurrency faces a modest pullback, while other digital assets outperform the market.
A government shutdown could lead to disruptions in food aid, air travel, and financial markets, and increase the risk of cyber attacks on critical financial infrastructure, according to Karen Petrou of Federal Financial Analytics Inc.
The Securities and Exchange Commission is expected to release an important decision on the potential launch of a spot Bitcoin exchange-traded fund, which could significantly impact the token.
Cryptocurrencies and other digital assets experienced a slight decline, but remained at high levels as investors hope for regulatory approval of a Bitcoin exchange-traded fund.
Bitcoin and other cryptocurrencies are surging as investors anticipate the approval of spot Bitcoin exchange-traded funds by regulators.
Bitcoin has surged in anticipation of the approval of US exchange-traded funds, but some speculate that the news could lead to profit-taking.
The U.S. Securities and Exchange Commission (SEC) has multiple filings for potential bitcoin exchange-traded products under consideration, including an application from Cathie Wood's ARK Invest; approval of a spot bitcoin exchange-traded fund (ETF) could drive increased demand for the cryptocurrency.
