Monat: März 2024

• PEPE and dogwifhat surge, then retract, amidst crypto market volatility.
• Bitbot’s $BITBOT presale attracts attention with $1,023,778 raised.
• Investors can buy $BITBOT at $0.0122 per token.

In the volatile world of cryptocurrency, recent movements in the prices of PEPE and dogwifhat (WIF) have sparked investor interest and concern. Both tokens experienced substantial gains followed by retracements, leaving investors wondering about their next moves.

Meanwhile, another cryptocurrency project by the name of Bitbot has caught the attention of those seeking potential opportunities in the market with its ongoing presale.

PEPE price rollercoaster ride

PEPE, a cryptocurrency known for its sudden price movements, recently surged, only to retrace significantly afterwards.

The token saw a remarkable increase of 603.36% in the past month, causing excitement among investors.

However, this surge was short-lived, as PEPE has since retraced, leading to uncertainty among holders. At press time, the token had seen a 7.65% decrease and a 10.40% drop over the past 24 hours.

dogwifhat (WIF) price volatility

Similar to PEPE, dogwifhat (WIF) experienced a rollercoaster ride in its price movements.

With a 511.59% increase in the past month, WIF attracted considerable attention from traders looking to capitalize on its momentum.

However, the token has also retraced by 19.23% over the past 24 hours, highlighting the inherent volatility of the cryptocurrency market.

Bitbot presale success amidst market turbulence

Amidst the market turbulence, Bitbot, a Telegram trading bot, has emerged as an intriguing option for investors seeking stability and potential returns.

The ongoing $BITBOT presale has raised significant funds, with $1,023,778 out of $1,106,000 already secured.

The current $BITBOT presale price stands at $0.0122, offering early investors an attractive entry point.

Additionally, participants can anticipate the next presale stage, where the $BITBOT price is set to increase to $0.0128.

Should you invest in PEPE, dogwifhat, or Bitbot?

As investors weigh their options in the crypto market, the decision between PEPE, dogwifhat, and Bitbot requires careful consideration.

While PEPE and WIF have shown impressive price movements, their volatility poses risks for investors.

On the other hand, Bitbot presents itself as a project with promising potential, backed by a robust presale and innovative technology.

With its focus on AI-powered trading and community engagement, Bitbot offers a unique opportunity for those seeking stability and growth in the crypto space.

However, investors must conduct thorough research and assess their risk tolerance before making investment decisions.

The post PEPE and dogwifhat drops after significant gains: does Bitbot offer a better opportunity? appeared first on CoinJournal.

• Senators Reed and Butler urge the SEC to halt crypto ETPs, citing risks to investors.
• Coinbase’s Grewal has countered the senators highlighting Ethereum’s liquidity and market metrics.
• Recently, Patient Capital Management revealed that it was ditching Grayscale Bitcoin Trust for Bitcoin ETPs.

In a move that highlights the growing scrutiny over the cryptocurrency market, two Democratic Senators, Jack Reed of Rhode Island and Laphonza Butler of California, have urged the Securities and Exchange Commission (SEC) to intervene and halt the approval of further cryptocurrency exchange-traded products (ETPs).

The senators’ concerns revolve around the potential risks faced by retail investors due to inadequate disclosure practices and thin liquidity in major cryptocurrencies.

Sen. Reed and Sen. Butler’s call for regulatory action

Senators Reed and Butler’s call to action comes amidst the rising popularity of Bitcoin (BTC) spot products, which has drawn attention from Capitol Hill.

In a letter addressed to the SEC’s chairman Gary Gensler, the senators not only advocate for a halt on approving ETPs for cryptocurrencies other than Bitcoin but also propose imposing stricter scrutiny on brokers and advisers who recommend Bitcoin ETPs to investors.

The letter raises significant concerns regarding the disclosure practices of brokers, citing findings from a FINRA survey that revealed a substantial portion of communications between brokers and retail investors violated fair disclosure rules.

The senators argue that such deficiencies may lead to incomplete or deceptive information being provided to retail investors regarding the risks associated with Bitcoin ETPs.

Coinbase CLO has countered the senators’ claims

Paul Grewal, the chief legal officer of Coinbase, a prominent cryptocurrency exchange, in a tweet thread, has pushed back against the senators’ concerns.

Grewal points out that multiple digital asset commodities, including Ethereum (ETH), demonstrate market quality metrics surpassing those of even the largest traded equities. He emphasizes Ethereum’s deep and liquid spot market, with trading volumes comparable to major stocks in the S&P 500.

Moreover, Grewal highlights the rigorous analysis conducted by Coinbase, which was outlined in a 27-page comment letter submitted to the SEC.

The letter provides a legal, technical, and economic rationale for the approval of an Ethereum Exchange-Traded Product (ETP), underscoring the viability and suitability of cryptocurrencies beyond Bitcoin for ETPs.

The ongoing debate between regulatory concerns and industry assertions underscores the complexities surrounding the integration of cryptocurrencies into traditional financial markets.

As policymakers grapple with these issues, the outcome will undoubtedly shape the future landscape of cryptocurrency investment opportunities and regulatory oversight.

The post Two Senate Democrats pressure the SEC to block crypto ETPs appeared first on CoinJournal.

• Cetera has released policy and guidance on spot Bitcoin ETFs for professional financial advisors.
• The wealth management firm has picked four spot Bitcoin ETFs for the over 12,000 financial advisors on its platform.
• Cetera pick is BlackRock’s IBIT, Invesco Galaxy’s BTCO, Franklin Templeton’s EZBC and Fidelity’s FBTC.

Cetera Financial Group, a wealth management firm with more than $475 billion in assets under administration and over $190 billion in assets under management, has approved four spot Bitcoin exchange-traded funds (ETFs) for its platform.

Cetera picks IBIT, FBTC, BTCO and EZBC for its advisors

The firm announced the move on Thursday, noting that the new policy and guidance will help financial professionals provide the best services to their clients as they look to grow their businesses.

More than 12,000 financial advisors with the Wealth Hub can now pitch four spot Bitcoin ETFs to their clients. These are Blackrock iShares Bitcoin Trust (IBIT), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC) and Fidelity Wise Origin Bitcoin Fund (FBTC).

“As expected, we are prudently embracing bitcoin ETFs and we prioritised developing this important guidance to help our financial professionals implement these products in client portfolios,” Matt Fries, head of investment products and partner solutions at Cetera, said in a press release.

According to Cetera, the selected ETFs are those of providers who have a “track record of successfully launching new product strategies.”

Such providers have the tools, knowledge and established resources that put them ahead of others.

Cetera will offer training to financial professionals on spot Bitcoin ETFs on its AdviceWorks portal beginning March 25, 2024.

The post Wealth manager Cetera picks 4 spot Bitcoin ETFs for its advisors appeared first on CoinJournal.