Breaking News
Get 40% Off 0
🔎 See NVDA full ProTips for an instant risks or rewards Claim 40% OFF

Crypto market anticipates SEC's decision on Bitcoin ETF

Published Nov 24, 2023 13:42
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
BTC/USD
+1.93%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
+5.33%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LINK/...
-1.16%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The cryptocurrency community is on the edge of its seat today as it awaits the U.S. Securities and Exchange Commission's (SEC) decision on the approval of a Spot Bitcoin ETF. This follows a surge in the market triggered by an unfounded approval rumor back in October.

In recent developments, Chainlink (LINK) has shown resilience despite a retraction from its November 9 peak of $16, which was influenced by the earlier SEC rumor. The token's active addresses hit a yearly high, signaling strong engagement within the Chainlink network. As of last Friday, Chainlink was trading at $15.06, with predictions from Coincodex suggesting an uptick to $15.55. The token has notably sustained above a strong support level of $14.

XRP, another major cryptocurrency, has also demonstrated tenacity amid market fluctuations. After dipping below $0.720, XRP found support around the $0.600 level and is currently trading at a subdued price point of $0.63. Analysts have indicated that XRP could potentially climb to $2.40 soon, drawing parallels to the technical patterns observed before its late 2017 rally and anticipating favorable regulatory outcomes for Ripple.

Additionally, Meme Moguls' native token MGLS is showing bullish signs during its presale stage, priced at $0.0019. The platform offers various features like Meme Moguls Fantasy Trader and Mogul Land, rewarding community engagement with NFTs that are tradeable on OpenSea.

Investors are closely monitoring these tokens and the broader crypto market as they navigate through regulatory expectations and market sentiment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Crypto market anticipates SEC's decision on Bitcoin ETF
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email