Will Ethereum Futures ETF Be Approved?
The news that the SEC will approve Ethereum ETF applications following the retreat in crypto assets helped the market to rise slightly. News that the SEC will accept applications for Ethereum Futures ETF.
Judge Grants SEC’s Appeal
In the Ripple-SEC case, the SEC’s appeal of Judge Analisa Torres’ ruling last week was upheld. Subsequently, the SEC’s request for permission to appeal in the process, which Ripple also objected to, was accepted by the court. The case decision will be reconsidered. Ripple had objected on Wednesday that the SEC had no valid grounds for objection and that its application should not be accepted.
SpaceX Allegedly Disposed of All Its Bitcoins
It was claimed that SpaceX, the company owned by Elon Musk and announced that it held Bitcoin in 2021, may have sold all its Bitcoins. For the company holding $373 million worth of Bitcoin, yesterday the Wall Street Journal reported that the company had sold the Bitcoins it held in 2021 and 2022.
1 Billion Dollar Liquidation
The huge drop in the markets yesterday, with Bitcoin falling as low as 25,200 support, caused thousands of investors trading on the futures side to liquidate. Of the $1 billion liquidation, $812 million came from long positions and $188 million from short positions. The decline in Ripple also had a significant impact on the liquidation process.
Solana Leaves Dogecoin Behind
Solana, which has recently come to the fore with its positive movements after the retreat seen in the markets, surpassed Dogecoin, which faced a more intense selling pressure, in terms of market capitalization and became the 9th largest. became a coin.
BITCOIN(BTC)
Bitcoin is priced at $ 26,512 with a 0.42% loss in value as of today morning hours. Bitcoin experienced a significant pullback with negative news flows yesterday after breaking its uptrend downwards. We see that the price fell to the 25,200 level, which we think is critical and quite far away, in the 1-hour period, but then realized some correction with both the buyer power at the critical support level and the Ethereum Futures ETF claims. In Bitcoin, we can say that the ETH ETF news is still a claim and if there is a correction from the authorities on this issue, the price may return to the 25,000 region, but if there is a development that the news is true, we can say that there may be an increase led by the gold.
ETHEREUM (ETH)
ETH, which gained 0.72% as of morning hours, is priced at $ 1694. After the decline in Ethereum with the market, we see that it has come close to the 1700 region again by making a significant turn with the Futures ETF claims. We can say that the range of 1680-1720 in Ethereum is a valuable support zone in long-term processes and that negative pricing may continue if this region is lost.
