Jim Cramer Now Says Bitcoin is ‘Topping Out’
Cramer’s picks have the tendency to move in the opposite direction he touts.
Cramer’s picks have the tendency to move in the opposite direction he touts.
Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.
The 40-day correlation between the two has declined to zero.
With a Wednesday deadline looming, the regulator sent comments just hours after would-be issuers filed documents detailing their fees.
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
The wallet receiving the hefty payout is the address that mined the Bitcoin network’s first-ever block reward some 15 years ago, commencing the start of the blockchain.
Just one potential spot bitcoin ETF issuer has set a management fee above 1% as many of the others are asking for less than 0.5%.
While the industry eagerly awaits the U.S. regulator’s decision on spot bitcoin ETFs, Gary Gensler is on X warning investors that crypto is rife with scams.
Upbit said it is “poised to expand [its] range of offerings,” having acquired a MPI license.
The Grayscale Bitcoin Trust’s (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg’s Eric Balchunas.