[2023/10/24] Reuters: Bitcoin is back, stocks wobble

pawel7777

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Quote from: Kakmakr on October 25, 2023, 12:42:10 AM

Yea, people are watching Black Rock's platforms like crazy now, to see if the ETF approval are granted or not... and the Bitcoin price are reacting to this hype. I think most people are quite sure that the SEC will approve it, so they are buying early to maximize their profits by the time the announcement are made. (price jumped from $30 000 to $35000 in a day) Roll Eyes

There are some rumours that the recent price spike was triggered by the appearance of Blackrock's bitcoin ETF ticker (iBTC) on the DTCC exchange. This was taken as them having some insider info about ETF being approved, despite SEC not confirming this yet. The ticker has been removed yesterday and apparently brought back in today. I've no idea is it just an error or some blatant price manipulation attempt.

Some more info:
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Yea, people are watching Black Rock's platforms like crazy now, to see if the ETF approval are granted or not... and the Bitcoin price are reacting to this hype. I think most people are quite sure that the SEC will approve it, so they are buying early to maximize their profits by the time the announcement are made. (price jumped from $30 000 to $35000 in a day) Roll Eyes

In any way, it is nice to see the Bitcoin price increase before Black Friday and also before Xmas, when people need money for the festive season and for a well deserved holiday. Wink

pawel7777

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It's happening. Mainstream media are starting to pick up on Bitcoin's price climbing up. Is it the beginning of the bull run, or just a short-term rally driven by the news of approval of the spot ETF - I don't know. I guess we'll have to wait and see.
But seeing BTC moving up independently from the stock market has a value of its own.

Morning Bid: Bitcoin is back, stocks wobble

https://www.reuters.com/markets/europe/global-markets-view-europe-2023-10-24/

Quote

Earnings from big hitters, a crowded economic calendar and anxiety over the Israel-Hamas war will likely keep investors jittery as Europe wakes up, while bitcoin prices have struck an 18-month high

MSCI's broadest index of Asia-Pacific shares outside Japan whipsawed between gains and losses, touching a fresh 11-month low before reversing course to nudge back into the black. Futures point to a lower open in European bourses.

Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. It was last at 4.846% in Asian hours.
(...)
Meanwhile, bitcoin prices soared on the back of rising speculation about the possibility of a bitcoin exchange-traded fund.

Topic: [2023/10/24] Reuters: Bitcoin is back, stocks wobble (Read 43 times)