Bitcoin Price Dips Below $43,000 Amidst Broader Crypto Market Decline
In the world of cryptocurrency, Bitcoin has recently experienced a downturn, falling below the $43,000 mark. This decline is in line with the overall crypto market, which has seen a slight drop in its global market cap.
US Consumer Price Index Release Influences Market Trends
The recent release of the US Consumer Price Index has had an impact on market trends, including the cryptocurrency market.
SEC Reconsiders Spot Bitcoin ETFs
The Securities and Exchange Commission (SEC) is now reconsidering applications for spot Bitcoin Exchange-Traded Funds (ETFs) after recent court rulings. This marks a change in their previous stance on these applications.
Major Financial Institutions Pursue Approval for Spot Bitcoin ETFs
Financial institutions such as BlackRock and Fidelity are actively seeking approval for spot Bitcoin ETFs.
Bitwise Predicts Significant Developments for Bitcoin in 2024
Bitwise forecasts that Bitcoin could surge beyond $80,000 in 2024, driven by the introduction of a new spot Bitcoin ETF and an upcoming supply halving. They also predict other positive developments in the crypto space.
Bitcoin Technical Outlook and Price Prediction
Bitcoin currently faces resistance at various price levels, but technical indicators offer mixed signals. The asset’s short-term forecast remains cautiously bullish above the $43,400 pivot point.
Top 15 Cryptocurrencies to Watch in 2023
If you want to stay updated on the world of digital assets and explore potential investment opportunities, check out our curated list of the top 15 alternative cryptocurrencies and ICO projects to watch in 2023. Our experts from Industry Talk and Cryptonews have selected these assets for their potential and critical insights.
Take advantage of this opportunity to discover the potential of these digital assets and stay informed.
The post Bitcoin Price Prediction as Gary Gensler Says SEC Taking ‘New Look’ at Spot BTC ETFs – Approval Coming? appeared first on Cryptonews.
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