The Wall Street Journal reports that the SEC finds the recent filings for the creation of the first Bitcoin ETF to be inadequate. The SEC specifically points out that filings from companies like BlackRock and Fidelity are unclear and insufficient. However, this does not necessarily mean that the SEC will not approve the applications from these firms. While these indications reinforce the perception of the SEC's negative stance towards the cryptocurrency market, it is important to note that no definitive conclusion can be drawn at this point. In the midst of these developments, Bitcoin's price has fallen below $30,000.
Within a few minutes, Bitcoin lost approximately 3% from its local peak, which was around $31,000. This translates to a loss of approximately 0.5% throughout the day.
Źródło: xStation5
Daily Summary: Wall Street Under Pressure After Highest Inflation Reading Since 2023
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
Morning Wrap: US–Iran Peace Talks in the Shadow of Trump’s Ultimatum
Technical analysis: Bitcoin gains and approaches important resistance zone
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
