fbpx

Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details​

Bitcoin Price Drops, Bitcoin prices now look flat after surging past US$47,000 driven by speculation the United States (US) is ready to approve a spot Bitcoin ETF, which is the world’s largest digital asset that can be traded on an exchange.

Bitcoin price has decreased to US$46,770 at 8.56 am in Singapore on Tuesday (9/1) or 7.56 am WIB, after surging 6.5% on Monday (7/1) in the US.

The rise in 2024 has now reached 10%, in contrast to the decline over the same period in stocks and gold. The crypto market also expects approval for a US spot Bitcoin ETF by the January 10, 2024 deadline.

Potential issuers, such as BlackRock, Fidelity Investments, and Ark Investment, are now updating documents with the Securities and Exchange Commission (SEC) and regulators. They have until Wednesday (10/1) to take action on at least one of the applications.

Speculators themselves are betting that the body will announce a number of decisions at once. This is to prevent giving benefits to the first party. Bitcoin has risen 172% in the past year, indicating that traders anticipate greater adoption of the digital token by first-time investors via ETFs.

Applicants updated their forms Monday in the US, in the latest push to offer a spot Bitcoin ETF product, more than a decade after the first attempt.

SEC Chairman Gary Gensler has repeatedly argued that crypto is rife with fraud and lawlessness. The SEC has cracked down on the sector following market turmoil and crashes in 2022, such as Sam Bankman-Fried’s bankruptcy of FTX exchange.

Bitcoin Price Drops. However, the SEC last year lost a major legal battle against crypto asset manager Grayscale Investments LLC, fueling speculation that the regulator would have to approve spot ETFs.

FPG LIVE SUPPORT

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.