Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Bitcoin ETF euphoria fades: BTC expected to slide to $40,000

  • Bitcoin (BTC) is expected to drop to as low as $40,000 despite hitting $49,000 post-SEC approval.
  • Crypto Fear and Greed Index drops to neutral after hitting October 2023 lows.
  • Investors seek clarity as Google searches spike 1,100%, questioning BTC’s fall.

In a rollercoaster week for the cryptocurrency market, the approval of spot Bitcoin ETFs in the US sent shockwaves through the industry. Bitcoin’s initial surge to $49,000 quickly turned into a decline, leaving market sentiment in a state of uncertainty.

As investors grapple with the aftermath, key indicators and market analyses offer insights into potential price movements and the impact of ETF approval on Bitcoin’s trajectory.

Bitcoin’s whirlwind

Bitcoin, the world’s largest cryptocurrency, experienced a momentous turn of events following the approval of spot Bitcoin ETFs by the SEC. The announcement triggered a rapid price surge, with BTC’s price reaching $49,000 within 24 hours. This surge was met with excitement, as industry players celebrated a significant step toward mainstream adoption.

However, the bullish rally was short-lived, as profit-taking sentiments among traders led to a substantial correction. Bitcoin tumbled to $41,500, wiping out the gains and prompting a shift in market sentiment. This sudden decline raised questions about the sustainability of the bullish momentum and the immediate implications of ETF approval.

Crypto Fear and Greed Index reflects changing sentiment

In the aftermath of the price turbulence, the Crypto Fear and Greed Index, a reliable gauge of market sentiment, took a notable hit. Dropping to its lowest level since October 2023, the index on January 15 stood at 52 out of 100, marking a shift to “neutral” sentiment. The decline in sentiment contrasts starkly with the earlier peak of “extreme greed” at 76, recorded during the anticipation of SEC’s approval.

Analysts suggest that the index’s plunge reflects the market’s response to the ETF approval, with the initial excitement giving way to a more cautious stance. The $BTC community, eager for mainstream adoption, is now grappling with uncertainties surrounding the performance of spot Bitcoin ETFs.

Lingering uncertainties

Despite the approval of spot Bitcoin ETFs being hailed as a groundbreaking development, the market response has been mixed. The surge in Google searches, with a 1,100% increase for “Why is Bitcoin falling?” underscores the growing need for clear and accurate information. Investors and enthusiasts alike are navigating uncertainties, with a lack of transparency about the assets underpinning these ETFs adding to the caution.

As Bitcoin hovers around $42,700, stability is sought amid conflicting data and speculative narratives.

However, the future of Bitcoin (BTC) remains uncertain, with market participants closely monitoring liquidity levels, ETF performance, and the broader impact on the cryptocurrency ecosystem.

The post Bitcoin ETF euphoria fades: BTC expected to slide to $40,000 appeared first on CoinJournal.

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Grayscale applies for a covered call Bitcoin ETF

  • Grayscale Investments files for covered call Bitcoin ETF post-SEC’s GBTC approval.
  • Covered call strategy leverages options on Grayscale Bitcoin Trust, targeting income.
  • Grayscale’s legal triumph shapes the evolving regulatory landscape for cryptocurrency.

Cryptocurrency asset manager Grayscale Investments continues its strategic moves in the crypto market, recently applying for a covered call Bitcoin ETF.

This comes hot on the heels of the successful launch of its spot Bitcoin ETF, the Grayscale Bitcoin Trust (GBTC). The move signifies Grayscale’s commitment to diversifying its offerings and expanding its presence in the cryptocurrency landscape.

Grayscale continues crypto market forays

Grayscale Investments’ bold move follows the approval of its spot Bitcoin ETF, GBTC, by the US Securities and Exchange Commission (SEC). The covered call ETF is designed to allow investors to generate income from options on Grayscale’s Bitcoin Trust.

The Grayscale Bitcoin Trust Covered Call ETF will involve the strategic sale of call options, enhancing investor yield by combining asset purchases with option writing.

The covered call strategy incorporated in Grayscale’s ETF suits investors anticipating minimal movement in the underlying Bitcoin price over the long term. Investors employing the covered call strategy often have a long-term asset retention plan while seeking to generate income through options trading.

Grayscale’s move to introduce a covered call Bitcoin ETF aligns with the broader industry trend of expanding investment avenues in the cryptocurrency market.

Background: Grayscale’s journey to Bitcoin ETFs

Grayscale’s foray into the covered call ETF space comes on the heels of a complex regulatory journey. The asset management firm had initially faced hurdles when the SEC rejected its application to convert the existing Grayscale Bitcoin Trust into an ETF.

However, a federal appeals court ruled in Grayscale’s favour in August 2023, prompting optimism and paving the way for the recent SEC approval.

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Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval

  • BTC options expiry reveals short-term volatility post ETF approval.
  • Bitbot’s presale on Jan 17 promises unprecedented excitement with self-custodial solutions.
  • With a total supply of 1 billion tokens, Bitbot aims for a $1B market cap and top listings.

As 2024 signals the potential start of a new bull run, the crypto market is buzzing with excitement. The recent Bitcoin ETF approval sparks short-term volatility, while Bitbot, a revolutionary Telegram trading bot, gears up for its token presale on January 17.

In this article, we delve into the first anticipated Bitcoin options expiry post Bitcoin ETF approval and the upcoming Bitbot presale, exploring the potential for exhilarating opportunities in the evolving crypto landscape.

First BTC Options expiry post Bitcoin ETF approval

The approval of the Bitcoin Spot ETF on Wall Street has set the stage for unprecedented market movements. Despite the historical significance, Bitcoin’s price exhibits a muted response, currently trading at $46,080.

According to Greeks.Live, as of January 12, 36,000 Bitcoin options are on the verge of expiration, presenting a Put Call Ratio of 0.9. With a Maxpain point at $45,000 and a notional value of $1.68 billion, the market anticipates a short-term rollercoaster ride.

Crypto market post-Bitcoin ETF approval

While the adoption of the Bitcoin Spot ETF promises long-term benefits, short-term uncertainties persist. Short-term implied volatilities (IVs) experienced a peak before declining, creating an environment of caution and anticipation among investors.

Santiment’s data suggests a potential shift post-ETF approval, with a slight decrease in active Bitcoin (BTC) wallets. Although this might not significantly impact prices, traders may explore transitioning to ETF exposure, adding a layer of intrigue to market dynamics.

Bitbot’s presale buzz

As the crypto community braces for potential market shifts, Bitbot, a Telegram bot, emerges as a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token presale, set to launch on January 17, introduces a new wave of excitement and investment opportunities.

The Telegram bot boasts a total supply of 1,000,000,000 tokens. The presale, spanning eight stages, will see 30% of the tokens distributed. An additional 20% is allocated to the Bitbot development team to fund ongoing innovation, ensuring long-term utility.

Bitbot’s ultra-flexible wallet management, powered by MPC custodial API technology, sets it apart. The MPC system replaces private keys with individual key shares, enhancing privacy and accuracy. Knightsafe, Bitbot’s custody partner, adds an extra layer of security with an open-source and decentralized digital asset self-custody service.

Is Bitbot a good investment?

Well, any cryptocurrency investment move is up to the investor. However, a thorough background check and market analysis are required due to the volatile nature of the cryptocurrency market.

As Bitbot’s presale launch approaches, it is important to note that the Telegram bot introduces an Anti MEV Bot, preventing monitoring by MEV bots and anti-rug features to thwart potential scams. Additionally, Bitbot users can copy trades of top traders, enjoy a built-in referral program, and sign up with ease, creating an enticing user experience.

Bitbot allocation strategy, focusing on development, marketing, and liquidity provision, aims to achieve a $1B market cap and secure listings on top exchanges. In addition, the upcoming $100K competition adds a layer of excitement, making Bitbot a potential gem in the evolving crypto landscape.

Conclusion

In the midst of evolving market trends and the potential for a crypto Bull Run, Bitbot and Bitcoin stand as key players.

The BTC options expiry and Bitbot’s presale create a dynamic landscape, offering traders and investors a myriad of opportunities.

The post Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval appeared first on CoinJournal.

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Novogratz foresees Bitcoin ETF Battle: does fractional vacation home ownership offer an alternative?

The recent regulatory green light for 11 Bitcoin spot exchange-traded funds (ETFs) has triggered fierce competition among asset management giants. Mike Novogratz, CEO of Galaxy Digital, anticipates a showdown between Invesco, Fidelity, and BlackRock, whose IBIT traded $7.5M shares in the first 10 minutes of the launch

Amidst this crypto turbulence, Everlodge, a disruptor in fractional vacation home ownership, is making waves with its ongoing ELDG token presale.

Bitcoin ETF war unleashed

The approval of 11 Bitcoin spot ETFs has set the stage for a high-stakes battle among industry behemoths. According to Mike Novogratz, a prominent figure in the crypto sphere, the ETF landscape is becoming a hotbed of competition. In a recent CNBC interview, Novogratz highlighted that success in this emerging market depends on execution, liquidity, and hidden fees, rather than just focusing on expense ratios.

Novogratz’s insights stem from his experience, as Galaxy Digital, his firm, has partnered with Invesco to launch its cryptocurrency ETF. He predicts a fierce struggle for dominance, emphasizing that the ETF market is not one-size-fits-all. The recent regulatory approvals have ignited a race for customers, with Invesco, BlackRock, and Fidelity emerging as key contenders in the crypto showdown.

Everlodge: unlocking vacation home ownership

In a parallel narrative, Everlodge is disrupting the vacation home industry with its ongoing ELDG token presale. This innovative platform allows users to invest fractionally in hotels, luxury villas, and vacation homes on the blockchain. Everlodge’s approach to fractional investing eliminates the complexities associated with traditional real estate investment, providing a seamless experience for users.

The ELDG token, designed as a genuine utility token, incentivizes and benefits the Everlodge community and investors. Early adopters stand to gain from features such as passive income through staking, exclusive monthly rewards, and eligibility for the Everlodge private members club. Token holders can also leverage their ELDG tokens for discounts on trading fees and purchases within the Everlodge ecosystem.

Is Everlodge a good investment?

The question on many minds is whether Everlodge and its ELDG token represent a sound investment opportunity. Everlodge’s unique approach to democratizing vacation home ownership, coupled with the integration of blockchain technology, positions it as a disruptor in the industry. The ongoing ELDG token presale provides early investors with a chance to participate in this groundbreaking venture.

Investors looking for an alternative asset class may find Everlodge appealing. The platform’s emphasis on providing passive income, discounts, and exclusive rewards adds an attractive layer to the investment proposition.

However, as with any investment, potential participants should conduct thorough research, considering factors like market trends, Everlodge’s roadmap, and broader economic conditions.

Conclusion

The cryptocurrency landscape is witnessing macro-level battles among industry giants like Invesco, BlackRock, and Fidelity, and micro-level disruptions through innovative platforms like Everlodge. The regulatory approval of Bitcoin spot ETFs has not only intensified competition but also highlighted the evolving nature of the crypto market.

As investors navigate this dynamic environment, Everlodge is a testament to the ongoing transformation in how people invest and engage with emerging technologies in the digital age.

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Bitwise and VanEck to donate 10% ETF profits following SEC’s spot Bitcoin ETFs approval

  • SEC approves spot Bitcoin ETFs: A historic moment for mainstream crypto integration.
  • Bitwise and VanEck donate 10% ETF profits to Bitcoin development: Philanthropy meets finance.
  • Meme Moguls emerges as the world’s first meme-backed stock market, aiming for 100x growth.

After the US Securities and Exchanges Commission’s (SEC) spot Bitocin approval, Bitwise, a major asset management player, has declared its intention to donate 10% of the profits from its recently approved Bitcoin ETF, BITB, to the development of Bitcoin’s open-source ecosystem.

Bitwise stated that its Bitcoin ETF $BITB would begin trading on 1/112024 with a 0% fee through 7/10/24 (on the fund’s first $1B in assets; 0.20% after).

This philanthropic move follows a similar commitment from VanEck, adding a new dimension to the intersection of traditional finance and cryptocurrency. Meanwhile, the emergence of Meme Moguls, a crypto platform integrating memes with trading, promises a unique venture in the crypto space.

SEC approves spot Bitcoin ETFs

In a historic move, the US Securities and Exchange Commission approved spot Bitcoin ETFs, marking a monumental moment in the financial world. This approval opens the floodgates for investors to directly participate in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible avenue for BTC investment.

This decision triggered a surge in Bitcoin prices, briefly touching the $47,000 mark. Analysts anticipate increased capital inflow into the cryptocurrency space as investors, both institutional and retail, explore these newly approved financial products.

As the market speculates on potential pullbacks, the SEC’s endorsement signifies a growing acceptance and integration of cryptocurrencies into mainstream financial instruments.

Bitwise and VanEck 10% profit donation for Bitcoin development

Bitwise’s commitment to donating 10% of BITB profits to Bitcoin development echoes a similar initiative by VanEck, another prominent financial institution. Both companies pledge to direct a percentage of their ETF profits to support the open-source development of Bitcoin, showcasing a shared vision for the cryptocurrency’s sustained growth.

Bitwise, having filed for a spot Bitcoin ETF five years ago, sees the recent approval as a significant milestone. The company envisions BITB as the ETF best suited for the evolving crypto landscape, and this philanthropic endeavour aligns with its dedication to fostering a robust Bitcoin ecosystem.

These donations will benefit organizations such as Brink, OpenSats, and the Human Rights Foundation, emphasizing a commitment to diverse causes within the Bitcoin community. Importantly, these contributions come with no strings attached, ensuring a transparent and altruistic approach to supporting the foundational aspects of the Bitcoin network.

Meme Moguls: where to trade memes

On another front, Meme Moguls introduces a novel concept by merging memes with a trading ecosystem. Positioned as the world’s first meme-backed stock market, Meme Moguls aims to leverage the power of memes for financial gains. The platform offers diverse meme-inspired assets, a trading platform, a fantasy trader game, a casino, and a metaverse world known as Mogul Land.

Participants can accumulate $MGLS tokens by engaging with the platform, staking tokens, and actively trading meme-inspired assets. With a focus on becoming the next 100x token, Meme Moguls aims to create millionaires within the first three months of launch. The ecosystem’s tokenomics, with 60% allocated to the presale, indicates a strategic approach to fueling the platform’s growth.

Is Meme Moguls (MGLS) a good investment?

As the cryptocurrency market continues to witness innovative ventures, potential investors may ponder whether Meme Moguls (MGLS) is a worthy addition to their portfolios especially now that the US SEC has approved spot Bitcoin ETFs for trading.

The platform’s unique features, including a fantasy trader game, a casino, and the promise of creating millionaires, contribute to its appeal. However, as with any investment, individuals are advised to conduct thorough research, considering the inherent risks associated with the cryptocurrency market.

To invest in the Meme Moguls (MGLS) token, you can visit the official website where the token’s presale is currently ongoing. The presale is currently in its fourth stage and the $MGLS token is going for   $0.0027.

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