Cryptocurrencies Price Prediction: ETF, Ethereum & Bitcoin – American Wrap 10 January


CBOE says Bitcoin ETFs to begin trading on Thursday, though SEC decision is the last piece of the puzzle

The buck stops with the United States Securities & Exchange Commission (SEC) as the hard deadline for spot Bitcoin exchange-traded funds (ETFs) will be reached on Wednesday. Meanwhile, the Chicago Board Options Exchange (CBOE) has said that Bitcoin spot ETFs will begin trading as a new issue tomorrow, Thursday, January 11.
 
Ethereum (ETH) price remains a top performer among the crypto top 10, spiraling within a bullish technical formation that commits Ether to more gains. It comes as the countdown to possible spot Bitcoin exchange-traded fund (ETFs) approvals climaxes since ETH community members anticipate the hype shifting toward a similar spot ETF for Ethereum.
Nearly 90% of Bitcoin (BTC) supply being held is in profit as prices climbed past $46,000 Tuesday in growing anticipation of approval for a U.S. spot exchange-traded fund (ETF), CryptoQuant data show. That's up from just under 50% at the start of last year.
Chart
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”

Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”

Lukas Enzersdorfer-Konrad is the deputy CEO at Bitpanda, a broker based in Europe with more than five million users. At the European Blockchain Convention held in Barcelona, the executive shared with FXStreet his views on the current state of the crypto industry and its regulation.

More Cryptocurrencies News
Bitcoin still consolidates despite positive spot ETFs demand

Bitcoin still consolidates despite positive spot ETFs demand

Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.

More Bitcoin News
Why is ONDO’s price outlook bullish?

Why is ONDO’s price outlook bullish?

DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.

More Cryptocurrencies News
Maker price eyes a rally on technicals and on-chain metrics

Maker price eyes a rally on technicals and on-chain metrics

Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.

More Cryptocurrencies News
Bitcoin: Fed-led rally could have legs towards $65,000

Bitcoin: Fed-led rally could have legs towards $65,000

Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.

Read full analysis
Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

Read More

BTC

ETH

XRP