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Blockchain & Cryptocurrency
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Bitcoin and Ethereum ETF Approval Optimism Fuels All-Time High ...
2024-05-22 15:16:43

Bitcoin and Ethereum ETF Approval Optimism Fuels All-Time High Price Predictions

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Recent data on Bitcoin derivatives suggests the possibility of new all-time highs above $73,000, with growing optimism surrounding the approval likelihood of a U.S. spot Ethereum exchange-traded fund (ETF). Bitcoin's price surge above $65,000 has led to increased trading volumes in ETFs, exceeding $5 billion, attracting both institutional and retail interest.

Traders speculate on a 'real deal' market pump to $90,000 for Bitcoin, while Ether reaches a 2-month high against Bitcoin, with analysts closely monitoring resistance levels. Amidst these developments, investors are targeting six-figure prices for Bitcoin, with a surge in call options aiming for $75,000 to $100,000, reflecting positive market sentiment amidst expectations of short-term price increases.

Related news on that topic:

Bitcoin Derivatives Point to Potential Rally Towards New All-Time ... Highs

Bitcoin derivatives data suggests a probable surge in price above $73,000, driven by a significant 4% daily price increase and growing optimism for the approval of a U.S. spot Ethereum exchange-traded fund. Recent market movements show Bitcoin surpassing $65,000, leading to a 7-week peak in ETF volumes and heightened trading activity above $5 billion daily. Traders anticipate Bitcoin hitting $90,000 in a 'real deal market pump', fueled by positive sentiment surrounding potential SEC approval of spot Ether exchange-traded funds. Analysts are cautious as Bitcoin faces resistance at $69,000, while Ether's price hits a 2-month high against Bitcoin, with the upcoming ETF decision crucial for determining future price action. Furthermore, crypto traders are targeting a six-figure Bitcoin price, with a surge in demand for call options aiming for prices between $75,000 and $100,000, amid optimistic market sentiment and expectations of short-term price increases.

The Battle for a Spot Ethereum ETF: Regulatory Challenges and ... Market Speculation

The potential approval of a spot Ethereum ETF in the U.S. is a topic of discussion, with insights on regulatory challenges and market speculation. Experts debate the timeline for approval, with some projecting delays due to regulatory hurdles. The approval of an Ethereum ETF in the U.S. is contrasted with the successful launch of spot bitcoin and ether ETFs in Hong Kong. Regulators' decision on approving or denying these ETFs will significantly impact the short-term market outlook for ether. Speculation around an ETF approval has sparked bullish sentiment and price surges, while bitcoin ETFs are also experiencing increased value. The potential denial of an ethereum ETF could reinforce bitcoin's unique position in the market. The SEC's challenge to Robinhood's crypto arm is not expected to hinder the eventual approval of spot ethereum ETFs. There is also speculation about the SEC labeling Ethereum as a security, which could lead to legal battles and impact the entire U.S. crypto market. The approval of Ethereum index funds could also influence the price of the cryptocurrency. The SEC's decision on VanEck's spot Ether ETF application is expected by May 23, with the fate of an Ether ETF uncertain. The changing stance of the SEC on crypto approvals and the emergence of alternative blockchain solutions are also discussed. WisdomTree has received approval to list Bitcoin and Ethereum ETPs on the London Stock Exchange, while the SEC is still reviewing spot Ether ETF applications and extending the decision timeline.

Read 29 more recent news on this topic

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Cointelegraph.com News
21. Mai 2024 um 16:42

Bitcoin derivatives hint at potential rally above $73K — New all-time highs next

Finance
Cryptocurrencies & blockchain
Bitcoin derivatives data indicates potential for new all-time highs above $73,000, with a 4% daily price jump and growing optimism around the approval odds of a U.S. spot Ethereum exchange-traded fund (ETF). Approval chances for the Ethereum spot ETF have risen from 25% to 75% following a U.S. Senate resolution overturning SEC's stringent capital requirements on banks holding customer digital assets.
Cointelegraph.com News
22. Mai 2024 um 03:20

Bitcoin’s recent price move is the ‘real deal market pump’ to $90K

Finance
Bitcoin experienced a 14% surge over the past week, leading traders to believe it could be the 'real deal' market pump, with expectations to reach $90,000 before another correction. Market sentiment turned positive amid speculation of the SEC approving spot Ether exchange-traded funds, causing a spike in the Crypto Fear and Greed Index.
Cointelegraph.com News
22. Mai 2024 um 05:53

BlackRock's Bitcoin ETF hits 6-week inflow high amid early-week BTC rally

Finance
Cryptocurrencies & blockchain
BlackRock's IBIT Bitcoin ETF saw a significant inflow of $290 million on May 21, marking the highest inflow since April 5. The total inflow for all US spot Bitcoin ETFs on that day exceeded $300 million. The surge in inflows was driven by a recent uptick in BTC prices and anticipation around potential approval of spot Ethereum ETFs.
Cointelegraph.com News
22. Mai 2024 um 05:38

PEPE reaches new high amid ETH price jump on renewed ETF approval hope

Finance
PEPE, an Ethereum-based memecoin, surged 27% to a new all-time high amid speculation over the approval of United States spot Ether exchange-traded funds (ETFs). The price of Ether also rose by 23.28% in the past two days to $3,785, driven by hopes of SEC approval for Ether ETFs by May 23. PEPE's Open Interest increased by 40%, indicating growing confidence among traders in future positions on the cryptocurrency.
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