Stock Groups

Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage -Breaking

[ad_1]

© Reuters.

‘s (BTCSince Nov. 10, the all-time record $69,000 high, when US Labor reported that inflation was above 6.2%, the ) bitcoin price has been trending down. The VanEck Bitcoin physical Bitcoin could benefit from this information, even though it is good news for other assets. Denial of exchange-traded funds (ETF).Investors were caught unawares by the U.S. Securities and Exchange Commission on November 12,

Coinbase (NASDAQ 🙂 Bitcoin/USD prices TradingView

The ETF request was denied as expected. However, investors might be concerned by some of the reasons. U.S. SEC stated that the regulator could not avoid denying ETF requests. Market manipulationThe unregulated market for Bitcoin and the large trading volumes based upon’s (USDT), stablecoins have had a significant impact on the wider Bitcoin market.

Bitcoin/USD at FX (orange on left) vs. U.S. Treasury Yields (10-year, blue on right). TradingView
Bitcoin options for December 17th are open to an aggregated interest of 17. Source: Coinglass.com