At 8 o'clock last night, BTC, which had been breaking away from the 45k sideways position since 6 o'clock in the evening, reached the fastest acceleration of its downward decline. In just 2 hours, it went from 45k pins to nearly 40k.
JinseFinanceIf the SEC denies the filing, we may see cascading liquidations as we expect $51 billion in additional perpetual long Bitcoin futures to be unwound.
JinseFinanceThe likelihood of SEC approval for spot Bitcoin ETFs in January appears dim, posing challenges for the crypto market. Traders are urged to consider risk mitigation strategies amid uncertainties surrounding regulatory decisions.
Cheng YuanWe believe the SEC may reject all BTC spot ETF proposals in January.
JinseFinanceMatrix on Target writes that “Bitcoin is set for an explosive surge to $50,000 in January.” After a typical mid- to late-December consolidation, Bitcoin is poised for a strong wave of early-year buying power that could see it break through resistance levels.
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Coinlive Matrixport has confirmed with Decrypt that it is making reductions in its marketing department, impacting 10% of its nearly 300-person workforce.
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