Get Smarter About Crypto

₿itcoin reached $51,603. +3.58%

♢Ethereum reached $2,739. +2.98%

What we will talk about today...

📈🚀 Bitcoin’s Big Rise: Hard to Pass $52K

💡💸 Bitcoin is the world’s most liked investment thing _ Michael Saylor

🔍🔒 Bitcoin and Ethereum ETFs: Cathie Wood’s Guess on SEC’s OK

Bitcoin’s Big Rise: Hard to Pass $52K at Bitfinex as BTC Price Fixes 4% Drop

Bitcoin could have trouble going through new ask money above $50,000, the new study says.

📈 Bitcoin’s Rise and the Fight at $50,000:

Bitcoin faces a hard test in its up path as it tries to beat a new block at the $50,000 mark. The new study shows a hard time for the top cryptocurrency, showing the importance of the tight block and a possible “brick wall” at Bitfinex.

🚧 Bitfinex’s Ask Money Place:

Famous analyst Cole Garner looks at Bitfinex as a main player in the current market moves. Even with a recent drop of nearly 4% because of surprise U.S. inflation data, Bitcoin has quickly gone up, reaching a new two-year high. But, the attention is now on a changed money place on Bitfinex, where a wall of asks is tight up to $52,300.

💡 ETF Money and Market Moves:

Garner talks about the pull between sellers and spot need from the new U.S. spot Bitcoin ETFs. While ETF money could maybe go through the block, Bitfinex is always filling the wall, making a case where the price may go off the hard-ask money. This act is seen as a different sign, seen before during market moves in 2020.

🔄 Changing Market Moves:

Interestingly, the post shows a new act where the money maker on Bitfinex fills in real-time, showing a new way. The less out money from the Grayscale Bitcoin Trust (GBTC) adds to this move, with new ETFs getting new money to Bitcoin.

📊 ETF Money and Market Ways:

Even with the hard times, ETFs got a lot of money on Feb 13, more than $600 million, with BlackRock’s thing alone having nearly half a billion dollars. The flow of new money into Bitcoin, mostly through these ETFs, shows a change in market moves and a flow of new investors.

As Bitcoin goes through this hard place, the mix between big work, money makers, and the power of ETFs will keep making the cryptocurrency’s path. The market’s answer to the block at $50,000 stays a main point for watchers, waiting to see if ETF money can go through the “brick wall” and make the way for more up power. 🚀💹 

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Bitcoin Fun: Understanding the Big Thing and Market Moves with Michael Saylor

Microstrategy’s big boss, Michael Saylor, has shared his thoughts on the big rise of Bitcoin, calling it “the world’s most liked investment thing.” In a talk with CNBC, Saylor talked about the things that make Bitcoin go to new highs.

🚀 Bitcoin’s Big Popularity:

Microstrategy, a leader in Bitcoin work, now has a big 190,000 BTC, making its place as a big player in the crypto world. Saylor said the great work of both Bitcoin and Microstrategy’s stock (Nasdaq: MSTR) to the growing liking of Bitcoin as a money thing. He showed the special things that make Bitcoin different:

“It’s new, it’s digital, it’s world, it’s one, and it’s not like other risk things…”

📈 Supply and Demand Moves:

Saylor showed the new moves made by the start of spot Bitcoin ETFs. According to him, a change happened as money moved between the futures market, miners, Microstrategy, and the ETFs. After this change, Bitcoin has found its place, with a big surprise – a lot of money into the money thing driven by a big demand-supply difference.

“There’s 10 times as much demand for Bitcoin coming in through these ETFs as there is supply coming from the natural sellers who are the miners.”

💡 The Rise of Bitcoin ETFs:

Saylor showed the effect of spot Bitcoin ETF starts, saying that normal investors now have easy ways into Bitcoin. The newness, world nature, and no link to traditional things make Bitcoin a good addition to the money lists of careful investors. The end of a long wait for spot Bitcoin ETFs has let out a lot of money into the crypto world.

🌐 Showing Market Truths:

As Bitcoin goes up, Saylor said the things that add to its big liking. The digital thing, world reach, and strength to traditional risk things make it a good investment. The talk shows the ongoing change in the crypto world, showing the effect of ETFs and the important role they have in changing the moves of Bitcoin markets.

In this time of Bitcoin fun, where demand is more than supply through ETF ways, the crypto world is at the meeting of new things and investor fun, ready for more change. 🌐📈

Bitcoin and Ethereum ETFs: Cathie Wood’s Guess on SEC’s OK

The attention is now on the rules for exchange-traded funds (ETFs). Cathie Wood, the CEO of ARK Invest, shared her thoughts on the SEC’s OK way for crypto ETFs. Wood’s ARK Invest and seven other groups are now trying to get rules OK for spot Ethereum things.

📈 Spot ETFs: Bitcoin and Ethereum Are the Best

According to Wood, getting OK for spot ETFs in the US might be a chance only for Bitcoin and Ethereum. In a smart talk with WSJ, she said she doubts the SEC will OK spot things for any other cryptocurrency. The next part of WSJ’s Take On the Week podcast will show the full meaning of Wood’s words.

🔍 SEC’s Way and Bitcoin’s Example

While the SEC recently said yes to spot Bitcoin ETFs, saying Bitcoin is a thing, it said that this choice doesn’t make the way for other crypto ETFs. Worries stay around the type of many cryptocurrencies as rules things, needing to follow the rules.

SEC Chair Gary Gensler said, “Today’s Commission action is for ETPs holding one non-rules thing, bitcoin.” This way shows the SEC’s careful way and says that each crypto will be checked by itself.

🚀 ARK Invest’s Ethereum ETF Try

Wood’s ARK Invest, with 21Shares, started the race for a spot Ethereum ETF in September last year. Even with hope in the crypto people, Wood says that getting SEC OK for Ethereum might be a hard test.

Other big players, like BlackRock, Grayscale, and Franklin Templeton, have also joined the Ethereum ETF race. BlackRock CEO Larry Fink agrees with Wood, saying the worth of having an Ethereum ETF and making it a big step for more token things.

🔒 Waiting for Rules Clearness

The SEC said yes to some Ethereum futures ETFs last October, making a good step. But, the end of spot Ethereum ETFs, including ARK Invest’s ask, is not sure. Rules blocks stay, showing the careful way rules people are taking in the crypto ETF place.

As the work mixes new things with rules checks, the crypto people watch closely, wanting to see the next part in the ETF story. The way ahead has both tests and chances, making the future place of crypto money. Stay with us for more news on this changing rules story. 🌐💡

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