crypto expert

 A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly. A change to the mechanics of BlackRock's proposed spot bitcoin (BTC) ETF opens the door for Wall Street banks, which face restrictions holding cryptocurrencies, to play a key role. BlackRock recently made it so authorized participants – a vital part of the ETF ecosystem – will be able to create new fund shares with cash, rather than only with cryptocurrency.   As highly regulated U.S. banks are unable to hold bitcoin themselves, this set-up would enable the likes of JPMorgan or Goldman Sachs – firms with some of the largest balance sheets in the world – to act as APs to BlackRock's ETF. (Whether they want to is another matter.) The cash APs use in this process can then be exchanged into bitcoin by an intermediary and warehoused b

 Bitcoin’s price has been very bullish over the last couple of months. However, it is finally showing subtle signs of correction today. Therefore, it is worth analyzing the charts for potential support levels. Technical Analysis Bitcoin Price Analysis: The Daily Chart  On the daily chart, the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish.   The price has dropped around 10% today before rebounding from the $40K support level. In case this level holds, it could initiate a rebound, and the market might rally toward the next significant resistance level, which is located at the $48K mark. On the other hand, a bearish breakout could result in a drop to the $38K and potentially the $31K zone.   BTC Price on The 4-Hour Chart The 4-hour chart demonstrates today’s decline much more clearly. The price has created a double top pattern around the $44,500 mark and proceeded to plunge toward the $40K zone.

 Bitcoin analysis suggests that all may not be well for BTC price strength as altcoins make their move. Bitcoin  BTC tickers down  $44,108 risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge. In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.   Bitcoin dominance risks violating key level Bitcoin bulls kept momentum hot into the end of the week’s Wall Street trading as BTC/USD sealed new 19-month highs of $44,729 on Bitstamp on Dec. 8. Data from Cointelegraph Markets Pro and TradingView tracked a subsequent return below the $44,000 mark, with Bitcoin cementing itself in an intraday range. For Hyland, however, there are more sinister signs that the bull run may be in trouble after robust 60% gains since the start of October. The smoking gun, he says, lies in Bitcoin’s share of the overall crypto market cap. “Dominance is rolling over as per the bear divergence t

 The SEC is reportedly making significant progress in its discussions with several firms seeking to launch a spot Bitcoin ETF. Reuters reported that discussions have moved into key technical details, and applicants believe it’s potentially leading to the historic approval of the first Spot Bitcoin ETF in the U.S. Currently, there are 13 applications for Bitcoin ETFs awaiting review by the SEC. These applications come from prominent asset management companies, including BlackRock, Fidelity, Grayscale Investments, and ARK Investments.    Notably, in the past week, several of these firms have made crucial updates to their applications, hinting at the evolving nature of their proposals. Grayscale Investments CEO hints at optimistic scenario for spot Bitcoin ETF The digital asset market has been closely monitoring the situation, speculating on the impact that an approval of a Spot Bitcoin ETF would have. Such an approval would be a groundbreaking event, marking the first of its kind in the

 The Ethereum network has completed the first part of its highly-anticipated Merge, which has been billed as the “biggest event in crypto history”. The Merge will see the world’s second largest cryptocurrency switch from a proof-of-work system to proof-of-stake, cutting its electricity consumption by orders of magnitude. The transition means that miners no longer need to verify transactions on the network by solving complex mathematical puzzles, which require vast amounts of computing power.   Instead, transactions are validated by owners of Ethereum’s crypto token (ETH) stake their own holdings in order to validate and secure the network. In order to achieve this, Ethereum’s network will fork to create two separate blockchains and two competing cryptocurrencies (ETHW and ETHS).

Achieving solid results during 2024 is also expected from the eco-friendly coin eTukTuk ($TUK). More and more users are choosing this green crypto instead of Ethereum ($ETH), because not only does $TUK show chances for fine results and a fine increase in value, but at the same time it leaves a positive impact on the entire planet by reducing pollution.   Ethereum ($ETH) price prediction for 2024. It is an undeniable fact that the popular Ethereum ($ETH) has been experiencing a slight recovery in recent days. Observing the “behavior” of Ethereum ($ETH), market analyst Markus Thielen concluded that this crypto could progress quite well in the coming months. According to his analysis, several factors could influence the explosion of the value of Ethereum ($ETH) during the year 2024. Thielen claims that if increased transaction activity and increased user interest continue, Ethereum will very likely manage to reach $3,000.    In the opinion of this market analyst, the  Eth2 upgrade could a