Bloomberg: Bitcoin Weekend Trading Volume Hits Record Low
The percentage of Bitcoin traded on weekends has fallen to an all-time low of 16% this year.
JinseFinanceThe percentage of Bitcoin traded on weekends has fallen to an all-time low of 16% this year.
JinseFinanceStocks and gold have also outperformed Bitcoin this quarter; JPMorgan strategists warn of the risk of slowing cryptocurrency inflows.
JinseFinanceBloomberg reveals that concerns over inflation and uncertainty have led to decreased trading volumes on cryptocurrency exchanges, causing Bitcoin, ETH, SOL, XRP, and SHIB prices to plummet.
AlexBIT set to surpass GBTC by April-end, highlighting evolving investor preferences in the Bitcoin market.
Huang BoValid S-1 approval is pending, meaning the spot Bitcoin ETF could begin trading as early as January 11, U.S. time.
JinseFinanceBloomberg predicts imminent approval for all 11 Bitcoin ETFs, marking a potential turning point for the industry. If approved, the move could reshape the crypto landscape, offering new investment avenues and enhancing the legitimacy of cryptocurrencies. As the SEC's decision looms, the crypto community is on high alert, awaiting confirmation of this significant development.
BerniceNearly a dozen companies are vying to launch spot Bitcoin funds as the U.S. Securities and Exchange Commission prepares for a key vote on pending documents later this week.
JinseFinanceBloomberg ETF analyst James Seyffart said that U.S. securities regulators implicitly accepted Ethereum as a commodity when they approved an Ethereum futures ETF.
JinseFinanceMike McGlon, senior commodities strategist at Bloomberg, said that bitcoin prices may stage a bullish rally this year as the market shows signs similar to the 2018 bottom.
Cointelegraph