ONLINE FOREX BROKER
2021-10-25 • Updated
The US Securities and Exchange Commission (SEC) has approved an exchange-traded fund called the Volt Bitcoin Revolution ETF. The fund, run by San Francisco-based Volt Equity, will provide retail investors with access to stocks of companies that hold a significant portion of the cryptocurrency on their balance sheets.
In its initial filing in June, Volt indicated that 25% of the ETF's assets would be in MicroStrategy (the largest publicly traded bitcoin holder). In an interview with Decrypt, Votl founder Ted Park said the percentage will be lower if the fund will be listed on the New York Stock Exchange in the coming weeks.
At the same time, the US Securities and Exchange Commission continues to delay decisions on other Bitcoin ETFs. The regulator fears the manipulation of the cryptocurrency market.
Bitcoin Daily chart
On the daily chart, Bitcoin price broke through the upper border of the flag pattern. It’s a bullish signal for the whole cryptocurrencies market. We expect Bitcoin’s big rally in the Q4 of 2021.
Also, on the daily chart, we can notice that the price has met significant resistance and it got rejection out of it already two times. That’s why we expect a correction before the next pump down to $52 500 $50 500 support levels, which could be a perfect long trade entry points.
Recently, on the 16th of January, 2023, Thailand Securities Exchange Commission issued fresh rules in its continued efforts to protect investors' assets and build confidence in the crypto space. It comes right after Bitcoin surged above $20k. However, is this enough to kickstart a full recovery for crypto coins?
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Over the last few weeks, a lot has happened in the crypto space and all does not seem to be well anymore for many. Usually, the word 'dip' refers to a slight retracement in price before the continuation of a trend, however, what we've seen so far on several crypto charts suggest otherwise. In this article, we examine the grounds for the resurrection of three of the mainstream cryptocurrencies
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
As expected, the Federal Reserve hiked the key US interest rate by 25 basis points for the second straight time during its two-day meeting ending March 22. The unanimous decision of the FOMC came amid major central banks' commitment to fighting inflation while maintaining economic...
Between October 2022, and January 2023, the Japanese Yen outperformed several other currency pairs, resulting in over a thousand pips move on pairs like EURJPY, GBPJPY, and 2000-plus...
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