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blockchain crypto cryptocurrency us senators intervene sec approve altcoin etfs (SpotedCrypto)

Two U.S. Senators Tell SEC 'Don't Approve Altcoin Spot ETFs,' Criticized by ETF Experts

"U.S. Senators Jack Reed (D) and Laphonza Butler (D) sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on Nov. 11 (local time) stating that the agency should not approve spot ETFs for any coin other than bitcoin," Fox Business reporter Eleanor

blockchain crypto cryptocurrency btc vs gold (SpotedCrypto)

Recent investment trends focus on BTC and gold, with the market rally driven by retail and speculative institutional investors

The Block cites a JPMorgan report that the recent Bitcoin rally has been driven by retail and speculative institutional investors. "The recent surge in crypto markets has been driven more by retail and speculative institutional investors buying both gold and bitcoin futures than by investors switching from gold to

blockchain crypto cryptocurrency btc investors gains 37b (SpotedCrypto)

Total realized gains for crypto investors last year: $37 billion

"Total realized gains for crypto investors last year was $37 billion," reports Cointelegraph, citing a report from Catalyst. This is a significant rebound from the $127 billion lost in 2022. "Despite similar two-year cyclical gains in crypto prices, total realized gains in 2023 were smaller than the

blockchain crypto cryptocurrency microstrategy short sellers lost 3.3b (SpotedCrypto)

MicroStrategy Short Sellers Have Lost $3.3 Billion So Far This Year

Investors shorting MicroStrategy (Nasdaq ticker: MSTR) have lost a total of $3.3 billion this year, according to a new study. As Business Insider notes, "MicroStrategy shares, which hold the most bitcoin of any single company, have surged 180% this year on the back of the BTC rally. Short

blockchain crypto cryptocurrency below 8 (SpotedCrypto)

Bitcoin RalliesBitcoin Breaks Rellie's Support? After falling below $70K, Bitcoin saw $0.6 billion worth of futures positions liquidated in the first hour.

Bitcoin's streak of ATHs above $70K has come to a halt as the cryptocurrency has fallen below $70,000. On the Binance USDT market, BTC was trading at $69,738. On major crypto exchanges, including South Korea's Upbit and Bithumb, it narrowly held the symbolic support

blockchain crypto cryptocurrency swissblock say btc fall to 58K (SpotedCrypto)

Bitcoin Breaks Through Ceiling, Cooling Imminent? Experts Suggest BTC Could Fall to $58K

Cryptocurrency data analysis firm Swissblock has released a report suggesting that a cool-off period for bitcoin is imminent. "Bitcoin's price has almost doubled from $3.8K at the end of January without any meaningful decline. A cooling off period may be imminent. Nothing rebounds in a straight

blockchain crypto cryptocurrency ethereum eth denkun (SpotedCrypto)

Coinbase CEO: "Completed Denkun upgrade enables Layer 2 scalability"

Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the U.S., told X: "The reduction in Layer 2 transaction fees (with the completion of Ethereum's Denko upgrade) will enable widespread adoption of cryptocurrencies. Scalability is finally here." Earlier, Jesse Pollak, Coinbase's Protocol