Bitcoin News
Bloomberg Analysts Raise Probability of Bitcoin ETF Approval after Grayscale’s Legal Victory
The recent legal victory of Grayscale Investments in their Bitcoin ETF lawsuit against the SEC has led to Bloomberg analysts increasing the likelihood of an approved Bitcoin ETF by the end of 2023 to 75%. The court’s rejection of the SEC’s arguments and upcoming deadlines are expected to make it difficult for the agency to deny further approvals. Bloomberg’s James Seyffart even predicts that spot Bitcoin ETF approvals could be a “done deal” by Q4 2024, with approval odds at 95%.
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Robinhood Wallet’s BTC Integration Helps Users Limit BTC/USD Losses
Robinhood has expanded its crypto wallet’s support to include Bitcoin and Dogecoin, providing users with more options beyond the Ethereum ecosystem. This move has helped mitigate losses for BTC/USD traders. In addition to supporting BTC and DOGE transactions, Robinhood has also introduced swap functionality for select users, allowing for trade between Ethereum and over 200 different assets.
Bitcoin Price Prediction
Bitcoin is currently trading with a neutral bias, holding above the $27,000 mark. Breaking below the 38.2% Fibonacci retracement level could expose Bitcoin to lower levels, while closing candles above the 38.2% level could trigger a buying trend towards $28,000 or higher.
Top 15 Cryptocurrencies to Watch in 2023
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