Ethereum Classic price formed a double-top reversal pattern that hints at a 21% decline.
Price indicators highlight the potential of the pattern failing due to bullish broader market cues.
The anticipated spot Bitcoin ETF approvals will likely have a bullish impact on altcoins, benefiting ETC.
Bitcoin briefly jumped to near $ 48,000 after a message posted on the Securities and Exchange Commission's account on X said the agency had approved the listing of exchange-traded funds that hold the cryptocurrency.
The message later appeared to have been deleted. SEC Chairman Gary Gensler and the SEC both said on the social network that it was "unauthorized" and the agency "has not approved the listing and trading of spot bitcoin exchange-traded products."
Bitcoin traded a bit below $ 45,600 at 5 p.m. ET, down 3.3% from its late-Monday level.
An SEC decision is expected tomorrow.
Ethereum's ether (ETH) has slumped to its lowest price versus bitcoin (BTC) since April 2021 as crypto investors obsess over the expected approval of bitcoin ETFs in the U.S.
ETH has lost 43% of its value against BTC since Sept. 7, falling from a price of 0.08566 BTC to 0.0482 BTC. In U.S. dollar terms, ether has risen by 41% in the same period, but that is dwarfed by bitcoin's 81% gain.
Bitcoin price could ascend to $ 50,000 if SEC greenlights spot BTC ETF.
Ethereum price readies for a possible 10% climb to $ 2,500 amid rising momentum and a weakening downtrend.
Ripple price finds support at $ 0.5442, recovery rally in the works as altcoin hopes rest on SEC decision.
Bitcoin has broken through the $ 45,000 mark.BTC short positions were impacted, with over $ 6 million in shorts liquidated in the past hour.
The bitcoin price has broken through the $ 45,000 mark, as anticipation grows that regulatory approval for U.S.-based spot bitcoin ETFs could be granted this week.
The largest digital asset by market cap is changing hands for $ 45,035 at 8:00 a.m. ET.
BTC slipped by 0.16% on Sunday, ending the session at $ 44,055.
The crypto market is betting on mid-week BTC-spot ETF approvals.
On Monday, the focus will remain on BTC-spot ETFs and the submission of S-1s by 0800 as per SEC instruction.
Last year, Solana stood out as one of the top-performing cryptocurrency, exhibiting a staggering surge of nearly 1,000%. While most of this growth occurred during the latter part of the year, it coincided with a resurgence in Solana’s DeFi sector and increased network activity.
Several observers had anticipated this positive trend to extend into the new year, supported by early indicators. As of December 31, SOL was trading at $ 103 and quickly ascended to $ 115 by January 2. However, the altcoin’s price experienced a correction on January 3, triggered by a report that the US SEC might reject all pending spot Bitcoin ETF applications.
Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. “It’s basically done,” an ETF analyst said, adding that the securities regulator is “trying to line everyone up for Jan 11th launch.”
Proposals to list and trade 11 spot bitcoin exchange-traded funds (ETFs) flooded for the U.S. Securities and Exchange Commission (SEC) Friday amid heightened speculation regarding the imminent approval of spot bitcoin ETFs by the securities regulator.
“The [SEC] staff had no additional feedback on the paperwork for several of the firms after the latest amendments,” Bloomberg reported, citing two people familiar with the matter. Form 19b-4 is used to propose rule changes to allow spot bitcoin ETFs to be traded on stock exchanges.
Bloomberg analyst James Seyffart shared a list on X Friday afternoon, revealing that amended 19b-4 forms have been submitted to the SEC for all 11 spot bitcoin ETF applicants. “All 11 of these bitcoin ETF filers are still in the Cointucky Derby,” he wrote.
Ethereum, one of the most prominent cryptocurrencies within the digital assets realm, recently gained significant traction across the broader crypto market following a noteworthy transaction on Saturday. According to the on-chain data floating over the crypto horizon, Paradigm, an institutional liquidity network, dumped substantial amounts of ETH to Coinbase, one of the world’s leading crypto exchanges.
The dumping of Ethereum to the aforementioned CEX soon nabbed noteworthy attention among crypto market enthusiasts globally as the transaction surfaced within the market amid the token’s price drop. Intriguingly, Ethereum’s price today traded briefly in the green, fueling market optimism. However, with the transaction emerging within the crypto landscape, the price promptly went downwards, curating a hurricane of speculations for the cryptocurrency.
Solana price is southbound, with indications of a continued fall amid a strengthening fall and waning momentum.
SOL could fall 15% to test the most important Fibonacci level of 61.8% at $ 83.63.
The bearish thesis will be invalidated if the price records a higher high above the $ 127.20 level.
