NFT News by Thebittimes.Com

After the historic approval of a spot Bitcoin exchange-traded fund (ETF) by the Securities Exchange Commission (SEC), the focus has shifted to the overall market trajectory in the upcoming days, given the bullish sentiment associated with the investment product. In this context, a cryptocurrency trading expert by the pseudonym thescalpingpro shared insights in an X (formerly Twitter) post on January 11 about how Bitcoin (BTC) is expected to perform in the coming months . The first insight focuses on Bitcoin’s next price trajectory, where the expert pointed out that the maiden cryptocurrency is likely to trade sideways or enter a vertical accumulation phase. Notably, in a vertical accumulation phase, the price chart shows a steady upward trend, marked by consistent buyer participation and sustained demand for the cryptocurrency. However, the expert’s roadmap also acknowledges the inherent volatility of Bitcoin’s bull markets, forecasting a correction ranging betwe...

Bloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock XRP trust filing, but it is a “bad look.” The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. The Securities and Exchange Commission has previously claimed the Bitcoin market can be manipulated and has knocked back spot Bitcoin ETFs, citing a lack of market manipulation controls. Bloomberg ETF analyst Eric Balchunas told Cointelegraph the fake XRP filing should have little to no impact on the SEC’s final decision. “We doubt this will impact the situation with spot Bitcoin ETFs,” Balchunas said. However, he added the incident could validate the SEC’s beliefs. “There’s no doubt it is a bad look that arguably validates the ‘fraud and manipulation’ that the SEC...

The potential approval of a spot Bitcoin (BTC) exchange-traded funds (ETFs) is expected to boost the price of Bitcoin, but some analysts are concerned that it may not be sufficient to completely revive market sentiment. On October 24, Bitcoin experienced its most significant single-day rally in over a year, with a surge of more than 14%. This rally was triggered by the news that BlackRock’s spot Bitcoin ETFs, known as IBTC, had been listed on the Depository Trust & Clearing Corporation (DTCC) website. This development was seen as a positive step forward for the ETF’s application. The price surge on October 24 was even stronger than the one on October 16, which was based on incorrect information from Cointelegraph suggesting that a spot Bitcoin ETFs had been approved.  (BTC year-to-day (YTD) performance. Source: Finbold.com) According to a pseudonymous trader known as TheFlowHorse, who has a substantial following on X, these two market events provide a hint of...

Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa's Rand currency. Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase Cryptocurrencies and withdraw funds with the country's fiat currency, the South African Rand, according to local media reports.   South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a focal point for its growth plans, which includes reaching 5 million clients in 2023. Roqqu has its sights set on Ghana, Uganda, Kenya, and Tanzania for regional expansion in the near future.  South Africa is one of the biggest crypto and Blockchain adopting countries in Africa; and today, @roqqupay just receive d regulatory approval to operate in South Africa #RoqqucomingtoSA pic.twitter...