Bitcoin (BTC) Skyrockets Above $30K, Ripple (XRP) Developments, and Shiba Inu (SHIB) Milestones: Bits Recap Oct 23
The post Bitcoin (BTC) Skyrockets Above $30K, Ripple (XRP) Developments, and Shiba Inu (SHIB) Milestones: Bits Recap Oct 23 appeared on BitcoinEthereumNews.com. TL;DR Bitcoin (BTC) Reached almost $31,000 due to optimism about a potential SEC-approved BTC ETF and Ripple’s legal wins. Ripple secured its third victory against the SEC, but a significant trial is slated for April next year. Shibarium surpassed 3.5 million transactions and launched an official LinkedIn account. Bitcoin Taps a 3-Month High The cryptocurrency market has recently flashed green, with numerous digital assets charting monthly peaks. Bitcoin (BTC) has been among the best performers, spiking to almost $31,000 (per CoinGecko’s data), a level unseen since mid-July this year. Some of the probable reasons for that increase could be the broad optimism toward potential approval of a spot BTC ETF by the US Securities and Exchange Commission (SEC) and Ripple’s third win in a row against the regulator. The cryptocurrency community cheered the reports last week, indicating that the watchdog has finally said “yes” to BlackRock’s intentions to launch such a product in the States. The jolly, though, was short-lived as the news turned out to be false. Nonetheless, prominent figures like John Deaton (pro-Ripple lawyer) and Cathie Wood (CEO of Ark Invest) assumed that the SEC might have changed its hostile attitude towards the digital asset sector. The former noted that the Commission’s Chairman Gary Gensler did not criticize the industry after the fake reports, while the latter believes the agency is warming up to the idea of approving a spot BTC ETF. Wall Street analysts at JPMorgan and Bloomberg Intelligence also think that such a financial product could soon see the light of day in America. According to them, the due date would “most likely” be before January 10, 2024. For more interesting BTC price predictions, feel free to check out our most recent video on the matter: Ripple vs the SEC The never-ending legal battle between Ripple and the US SEC has again made the…
The post Bitcoin (BTC) Skyrockets Above $30K, Ripple (XRP) Developments, and Shiba Inu (SHIB) Milestones: Bits Recap Oct 23 appeared on BitcoinEthereumNews.com.
TL;DR Bitcoin (BTC) Reached almost $31,000 due to optimism about a potential SEC-approved BTC ETF and Ripple’s legal wins. Ripple secured its third victory against the SEC, but a significant trial is slated for April next year. Shibarium surpassed 3.5 million transactions and launched an official LinkedIn account. Bitcoin Taps a 3-Month High The cryptocurrency market has recently flashed green, with numerous digital assets charting monthly peaks. Bitcoin (BTC) has been among the best performers, spiking to almost $31,000 (per CoinGecko’s data), a level unseen since mid-July this year. Some of the probable reasons for that increase could be the broad optimism toward potential approval of a spot BTC ETF by the US Securities and Exchange Commission (SEC) and Ripple’s third win in a row against the regulator. The cryptocurrency community cheered the reports last week, indicating that the watchdog has finally said “yes” to BlackRock’s intentions to launch such a product in the States. The jolly, though, was short-lived as the news turned out to be false. Nonetheless, prominent figures like John Deaton (pro-Ripple lawyer) and Cathie Wood (CEO of Ark Invest) assumed that the SEC might have changed its hostile attitude towards the digital asset sector. The former noted that the Commission’s Chairman Gary Gensler did not criticize the industry after the fake reports, while the latter believes the agency is warming up to the idea of approving a spot BTC ETF. Wall Street analysts at JPMorgan and Bloomberg Intelligence also think that such a financial product could soon see the light of day in America. According to them, the due date would “most likely” be before January 10, 2024. For more interesting BTC price predictions, feel free to check out our most recent video on the matter: Ripple vs the SEC The never-ending legal battle between Ripple and the US SEC has again made the…
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