What Awaits Us in Cryptocurrencies Today? (October 24, 2023)
Spot Bitcoin ETF Case Between Grayscale – SEC: There seems to be a certain development regarding the spot Bitcoin ETF case between the SEC (United States Securities and Exchange Commission) and Grayscale. This case concerns the approval or rejection of Bitcoin ETFs by the SEC. It looks like no final decision has been made yet.
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Blackrock’s Spot Bitcoin ETF and iShares: Blackrock appears to have listed its spot Bitcoin ETF on the DTCC (Deposit and Collateral Clearing Board) for trading on Nasdaq. Likewise, iShares appears to be listed on DTCC for exchange transactions. This indicates that the transaction contained in these ETFs can be displayed.
Bitcoin Price: Following the mentioned developments, the price of Bitcoin seems to have exceeded the 35,000 USD level for the first time in 1.5 years. Finally, it was able to withstand this level until May 2022. However, since Bitcoin is a perpetual asset, prices can fluctuate rapidly.
Ethereum Price: It is stated that the price of Ethereum was traded at the level of 1,815 USD during the developments regarding Bitcoin. Ethereum is also a major player in the cryptocurrency market and its price can fluctuate like Bitcoin.
Fear and Greed Index: The Fear and Greed Index (Fear and Greed Index) is found at 66, indicating a neutral situation.
What to Expect During the Day?
General Market Activity: U.S. Services Purchasing Managers Index data will be available.
