BlackRock and Bitwise’s Spot Bitcoin ETF Filing Updated
BlackRock and Bitwise updated their S-1 filings for spot bitcoin ETFs with the SEC on Monday. Asset management giant BlackRock filed an amended S-1 filing with the Securities and Exchange Commission for its proposed spot Bitcoin ETF on Monday. A similar move was made by Bitwise.
The updated BlackRock filing includes a new statement about the product manager’s efforts to monitor unusual price movements. A statement on anti-money laundering compliance has also been added and includes an audited statement from PricewaterhouseCoopers.
El Salvador’s Bitcoin Investments Turn Profitable
El Salvador’s President Nayib Bukele said the country’s Bitcoin portfolio is now in profit by about $3.6 million after a long period of losses. “El Salvador’s Bitcoin investments are in profit,” he said in a post on Monday, adding, “At the current Bitcoin market price, if we sell our Bitcoin, we will not only recover 100% of our investment, but we will also make a profit.” He also said, “We have no intention to sell. That has never been our goal. We are fully aware that the price will continue to fluctuate in the future, this does not affect our long-term strategy.”
Robinhood Says Crypto Trading Increased 75% in November
Robinhood said on Monday that Crypto Conceptual Trading Volumes in November were about 75% above October 2023 levels. This news could signal a reversal for the company, which has recently seen revenue from crypto trading decline. Transaction-based revenues from cryptocurrencies fell 55% to $23 million in the third quarter. The second quarter also saw declines. The company said last month that it plans to start offering crypto trading in the EU following its launch in the UK.
Michael Saylor’s Profit Exceeds $2 Billion
MicroStrategy held about 175,000 Bitcoins in its treasury at the end of November. He’s profiting more than $2 billion from his Bitcoin holdings following Bitcoin’s surge above $42,000 early Monday. MicroStrategy, led by Michael Saylor, started buying Bitcoin in August 2020. The company’s most recent acquisitions took place last month, and as of November 30, MicroStrategy holds 174,530 Bitcoins purchased for $5.28 billion, or an average of $30,252.
Inflows to Digital Asset Funds Continue
Digital asset funds saw $176 million worth of inflows last week, making it 10 consecutive weeks of inflows. Total inflows reached 1.76 billion dollars. When we analyze it on a coin basis, there was an inflow of $ 133 million to Bitcoin, $ 30 million to Ethereum and $ 4.3 million to Solana. In addition, there was an outflow of 0.2 million dollars from Litecoin.
Crypto Trading Service from Brazil’s Largest Credit Institution
Brazil’s largest lender, Itau Unibanco, has launched a cryptocurrency trading service for its clients on its platform. Itau will facilitate the trading of Bitcoin (BTC) and Ethereum (ETH), the two most prominent cryptocurrencies.
Blur’s NFT Market Dominates the Market with Industry Activity
Blur’s NFT market holds almost 80% of the NFT trading volume as the sector’s activity increases. At the same time, OpenSea’s NFT market share fell to almost 17% of total trading volume. NFT trading volume was around 90 million, of which around 70 million USD came from the Blur NFT market.
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BITCOIN(BTC)
Bitcoin is priced at $ 41,865 with a 0.30% loss in value as of today morning hours. Yesterday, it went up to $42,500 but could not hold on to those levels. 42,000 dollars is a difficult area to break through, and it is very difficult to break through on the first attempt. Pullbacks up to $40,900 are normal, and the price going sideways for a while between $40,000 and $42,000 will be a more positive movement for the future. On a break of $42,000, we could see the price suddenly rise to $44,000. If a downward correction is to take place, $ 40,000 seems to be one of the major supports after $ 40,900.
ETHEREUM(ETH)
ETH, which lost 0.58% as of morning hours, is priced at $ 2231. ETH rose as high as $ 2275 and then completed its retreat to $ 2200. In pricing below $ 2200, retreats up to $ 2150 can be seen. In the continuation of the upward movement, 2300 dollars will be the first resistance level.
RIPPLE(XRP)
XRP is pricing at $ 0.6203 with a 0.67% loss in value as of morning hours. With the sudden movements yesterday, it went up to 0.6450 and fell to 0.5820, the demand zone. A sideways movement between $0.60 and $0.62 would be better for a healthy rise. Pricing above 0.6230 dollars may pave the way for rises up to 0.64 again.
AVALANCHE(AVAX)
AVAX is pricing at $ 22.75 levels with a 0.35% gain in value as of morning hours. The horizontal channel seems to have formed. With yesterday’s sudden rises, it fell to $ 20.50, but the price recovered quickly and rose again to $ 23. A horizontal movement between $23 and $22 would be healthier for AVAX. In the short term, we can set the support zone at $22 and resistance zone at $23 in this small area.
SOLANA(SOL)
SOL is priced at $ 60.54, down 1.78% as of morning hours. SOL, which experienced some retracement yesterday, could not maintain above the resistance level of 61.40 and fell back to the 60 region. If this decline continues, the closest support point is 59 dollars. Reactions to be taken from this level can be followed. In order for the rise to continue again, persistence above the $ 62 region seems important. The other resistance point to follow is 66 dollars.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 15.515 with a 1.88% loss in value. When we examine the four-hour chart, we see that the ascending triangle pattern is broken upwards and there is a movement up to the 16,300 level. LINK, which could not provide permanence in this region, retreated to the 15.450 region yesterday. If this decline continues, a pullback to the 15,200 region may be possible. As resistance, 16,300 and 16,600 levels seem important.
ANKR
ANKR is priced at $ 0.02966 with a gain of 8.77% as of morning hours. When we examine the daily chart, we see that the resistance zone of 0.02740 has been broken upwards. If the upward movement continues, the 0.03050 level can be followed as resistance. In case of a pullback, the 0.02870 level can be followed as support.
SAND
SAND is priced at $ 0.4535 with a 5% gain in value as of morning hours. When we examine the daily chart, we see that the falling trend and the horizontal resistance zone are broken upwards and there is a strong movement. If this movement continues, the 0.4700 level can be followed as resistance. If this level is broken upwards, we may see a rise up to the 0.5000 region. In case of a pullback, the 0.4430 region can be followed as support.
