Bitcoin News Thebittimes.Com

Bitcoin (BTC) surprised investors after dropping to as low as $65,000 in the last 24 hours amid the ongoing short-term market sell-off. The sudden price drop has seen Bitcoin encounter significant resistance at $68,000, barely a week before the halving event. In line with this development, crypto trading analyst Rekt Capital , in an X (formerly Twitter) post on April 12, identified three stages revolving around the halving event that can help investors capitalize for maximum profits. Final pre-halving retrace According to the analyst, this first level has already occurred, characterized by a downturn in Bitcoin’s price as investors adjust their positions ahead of the halving event. The analyst pointed out that the retracement amounted to a mere 18%, starkly contrasting previous retracements observed in 2016 and 2020.  Picks for you Price of freedom? Bitcoin users pay a world's average working day in fees 2 hours ago 3 cryptocurrencies to watch fo...

Rebel Satoshi aims to represent a rebellious, meme-centric future Experts are confident the SEC will approve several Bitcoin ETFs. BNB Chain tokens rallying Bitcoin (BTC) last retested $40,000 in April 2022. However, institutional curiosity may see prices return to this level in the coming sessions. Meanwhile, Rebel Satoshi (RBLZ) is launching with a rebel-themed meme coin.  Finally, BNB (BNB) is also growing as more tokens launch on its blockchain.  Experts expect SEC to approve first spot Bitcoin ETF Bitcoin’s recent surge in value has been attributed to growing institutional interest and the anticipation of the first U.S. spot Bitcoin exchange-traded fund (ETF) approval.  The Securities and Exchange Commission (SEC) has until Nov. 17, 2023, to decide on 12 ETF filings, and many experts believe that approval is imminent.  You might also like: SEC delays verdict on Franklin and Globe X’s Bitcoin ETF applications While a delay is possible, the ap...