$BTCUSD Forex Signal: Bitcoin Gets Overbought Pointing to a Brief Pullback
Bitcoin price crossed the important resistance point at $30,000, which was much higher than this month’s low of $24,735.Bitcoin prices continued rising as sentiment in the crypto industry jumped. Data shows that the crypto fear and greed index jumped to the greed zone for the first time since May this year. The fear and greed index by CNN Money soared to the extreme greed zone of 75.
Greed in the crypto industry has been fueled by the recent decisions by large companies to seek exposure to the industry. Last week, Blackrock announced that it had filed for the iShares Bitcoin Trust. If accepted, it will be the first ETF for spot Bitcoin. Other large companies have also filed for their spot ETFs. For example, Invesco and WisdomTree, which have over $1.4 trillion and $87 billion, also filed for their spot ETFs. A spot ETF will be different from the existing fund, which tracks Bitcoin futures.
Meanwhile, Deutsche Bank announced that it had filed for a crypto custody license in Germany. Like the other companies, this is a large firm that has over 1.4 trillion in assets. Therefore, if it receives a license, there is a possibility that other companies in Europe will move to the industry.For one, the SEC will take months to review the ETF providers. And there is a likelihood that it will not accept the funds since it has rejected them before.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY Technical Analysis: Overbought LevelsFor three consecutive trading sessions, the price of the USD/JPY currency pair stabilized around its recent strong gains.
Leer más »
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady AccumulationData from glassnode show, $BTC is flowing into wallets tied to illiquid entities, or network participants with little to no spending history, at the fastest rate since December. reports godbole17.
Leer más »
EUR/USD Forex Signal: Temporary Pullback Ahead of an EventuaThe EURUSD pair retreated slightly ahead of the upcoming US building permit and housing starts numbers.
Leer más »
GBP/USD Forex Signal: To Retest 1.2676 Before Resuming the UThe GBP/USD pair retreated slightly on Monday as traders waited for a busy market week.
Leer más »
Bitcoin hits new high for June as more financial incumbents signal commitment to cryptoBitcoin climbed on Monday as more financial institutions gave their bitcoin blessing after BlackRock filed for a spot bitcoin ETF last week.
Leer más »
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation: GlassnodeAccording to Glassnode's illiquid supply change metric, investors remain confident of bitcoin's price prospects, despite continued macroeconomic uncertainty and heightened regulatory risks. The metric, which measures the number of coins held by illiquid wallets on a specific date compared with the same day the previous month, rose to 147,351.58 BTC on Monday, the most since December 19, 2022. CoinDesk's Jennifer Sanasie presents 'The Chart of the Day.'
Leer más »