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Exactly 14 years ago, 1 Bitcoin was worth more than $0 for the 1st time in history $1 = 1,309 $BTC
Exactly 14 years ago, 1 Bitcoin was worth more than $0 for the 1st time in history
$1 = 1,309
$BTC
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Statement on the Approval of Spot Bitcoin Exchange-Traded Products
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BREAKING BREAKING BREAKING 🌟🌟🌟🌟 #BitcoinETF from ARK and VanEck are listed on Fidelity's trading platform.
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BREAKING NEWS BREAKING NEWS ARK 21Shares, Invesco Galaxy, VanEck, Fidelity and Franklin Templeton #BitcoinETFs receive CBOE approval ~ CT
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https://www.binance.com/en/feed/post/1288398615737?ref=115412260&utm_campaign=app_share_link
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#BTC Bitcoin Faces Sharp Correction Amidst Regulatory Concerns and Market Volatility Analyzing the Recent 6.5% Drop and its Ripple Effects, as Regulatory Scrutiny and Market Dynamics Converge The Plunge: The price of Bitcoin, which had reached a high of $44,699, plummeted to as low as $40,198 at 2:15 am UTC on December 11. At the time of publication, Bitcoin showed signs of recovery, trading slightly above the local low at $41,960, according to TradingView data. Regulatory Concerns: Experts had been anticipating a market correction after eight consecutive weeks of green candles. Recent developments, such as the United States Department of Justice's (DOJ) ongoing actions against Binance, added to the uncertainty. The DOJ unsealed Binance's compliance commitments on December 8, revealing an exhaustive list of obligations. John Reed Stark, a former Securities and Exchange Commission (SEC) official, characterized these commitments as a "consulting firm's wish list," potentially signaling challenges for the platform. Tether's Move: In another significant development, Tether announced its decision to block wallets sanctioned by the United States from using its stablecoin USDT. The company froze 161 Ethereum wallets, although 150 of them currently hold no USDT tokens, as per blockchain data accessed through Etherscan. This move added to the regulatory concerns surrounding the cryptocurrency market. Market Drivers: Despite the recent setback, Bitcoin has experienced a remarkable rally, surging over 150% since the beginning of the year. This upward trajectory has been fueled by expectations that the United States SEC will approve several spot Bitcoin exchange-traded funds (ETFs). The approval of such ETFs would allow large institutions to gain significant exposure to Bitcoin, marking a pivotal moment for the asset.
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