The SEC was instructed last week to revisit its earlier denial of the Grayscale Bitcoin Trust (GBTC) conversion, with no automatic implication of approval.
Towards the conclusion of August, Bitcoin validated an overextended decline in its monthly stochastic indicator, a warning sign that has historically coincided with market pinnacles.
Both tokens experienced a 3% increase, with bitcoin and ether gaining up to 1.2%, and bnb (BNB) surged by 1%, demonstrating resilience against worries about potential risks spreading within the BNB Chain ecosystem.
Meme coins and low-cap cryptocurrencies continue to be the preferred choices for traders, while investors in Bitcoin eagerly await a prompt ETF decision.
The regulatory body is currently examining over a dozen applications for spot Bitcoin and Ether futures-based ETFs.
The PayPal USD will be anchored to the value of the U.S. dollar and will be issued by Paxos Trust.
Despite the declining trading volume, all indicators strongly suggest an imminent break-out.
Several analysts are asserting that the largest cryptocurrency, with a market cap surpassing $29,000, will persistently trade within a narrow range.
MicroStrategy intends to offer up to $750 million worth of stock, potentially for the purpose of acquiring BTC. The announcement triggered an increase in the price of Bitcoin.
MicroStrategy is considering selling up to $750 million worth of its stock, with the potential intention of acquiring BTC. As a result of this announcement, the price of bitcoin experienced a surge.