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Bitcoin forms first ever weekly Golden Cross; What it means for BTC price?
After a sudden dip that retraced the Bitcoin (BTC) price, this flagship crypto is slowly recuperating, and one pattern can be a sign of bullish things to come. BTC has recently experienced a significant event in the trading realm known as the “Golden Cross.” This occurrence marks the first time this bullish pattern has manifested on the weekly chart, as per X post from analytics platform Barchart on January 8. A golden cross is identified when an asset’s short-term moving average (MA) surpasses its long-term moving average, signaling positive market sentiment. What can the Golden Cross mean for BTC? The ... (full story)
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Cryptocurrency exchanges, such as Coinbase, Crypto.com, and Gemini are warning UK users that they will have to complete risk assessments and investment questionnaires to showcase ...
Congressional leaders announced a $1.59 trillion deal on top-line spending Sunday as the government races to avoid a potential shutdown. The deal establishes an overall spending ...
Multiple applicants have filed amended S-1 forms in the final step in the process before a potential spot bitcoin ETF approval. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie have all filed amended S-1 forms. Included in the filings are some of the sponsor fees, which have not previously been announced. BlackRock has set its sponsor fee at 0.3% — although this will be even lower at 0.2% for the first year, or until the ETF hits $5 billion in assets. VanEck has gone for the joint lowest permanent fee out of the issuers so far at 0.25%. WisdomTree has gone for a higher 0.5% fee. "Damn, the fee for BlackRock’s Bitcoin BTC +2.51% ETF will be 0.30% as per their just filed S-1. This is much cheaper than I predicted. Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke," said Bloomberg ETF analyst Eric Balc post: Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, Vaneck have all filed updated S-1 filings with the U.S. SEC for Bitcoin spot ETF applications. Bloomberg previously reported that the SEC plans to vote in the coming days. https://t.co/oHCYhKM2Le post: Damn, the fee for BlackRock’s Bitcoin ETF will be 0.30% as per their just filed S-1. This is much cheaper than I predicted. Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke. pic.twitter.com/RZrfO8x61s
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The Peregrine 1 spacecraft took off early Monday from NASA’s Kennedy Space Center in Florida, carrying 20 payloads, including one called the “Bitcoin Genesis Plate.” Also ...
Bitcoin rose to start the week as investors awaited the potential approval of a U.S. bitcoin ETF this week. On Monday the cryptocurrency rose 1.5% to $44,854.11, according to Coin ...
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2023 Survey of Consumer Expectations, which shows that inflation expectations declined at the short-, medium- and longer-term horizons. Notably, inflation expectations at the short-term horizon reached the lowest level recorded since January 2021. Earnings growth and spending growth expectations also decreased slightly to their lowest recorded levels since 2021, while expectations about credit access and households’ financial situation turned less pessimistic. The main findings from the December 2023 Survey are: Inflation Median inflation expectations declined at all horizons, falling to 3.0% from 3.4% at the one-year ahead horizon, to 2.6% from 3.0% at the three-year ahead horizon, and to 2.5% from 2.7% at the five-year ahead horizon. Median inflation expectations at the one-year ahead horizon reached the lowest level recorded since January 2021. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) increased at the one-year ahead horizon, and decreased at the three-year and five-year ahead horizons. • Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—remained essentially unchanged at all three horizons. Median home price growth expectations remained unchanged at 3.0%, remaining well above the series 12- post: US NY Fed 1-Year Inflation Expectations Dec: 3.01% (prev 3.36%) post: NYFED: US CONSUMER 3-YEAR INFLATION EXPECTATION 2.6% IN DEC VS. 3.0% IN NOV VS. 3.0% IN OCT #inflation #expectations #economy #NYFederalReserve post: NYFED: US CONSUMER 5-YEAR INFLATION EXPECTATION 2.5% IN DEC VS. 2.7% IN NOV VS. 2.7% IN OCT #inflation #expectations #economy #NYFederalReserve post: NEW YORK FED: EXPECTED EARNINGS, SPENDING RISES AT LOWEST LEVEL SINCE 2021 #News #Markets #live
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- Posted: Jan 8, 2024 9:15am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 241