To stay up to date on breaking news coverage, join our Telegram channel. The Bitcoin price has increased by 4% over the previous seven days and is currently trading at $44K as of 1:45 a.m. EST. Expectations for Bitcoin ETF approvals are growing after the exchanges set to list them submitted updated filings. The revised 19b-4 submissions were presented on behalf of BlackRock, Grayscale, and Fidelity, among others, and suggest that the exchanges are anticipating approval.
However, not everyone is in favor of the ETF narrative. Dennis Kelleher, CEO of the nonprofit organization Better Markets, has urged the US Securities and Exchange Commission (SEC) to refrain from approving a spot Bitcoin exchange-traded fund (ETF), contending that it contradicts the SEC’s fundamental principles.
A Bitcoin price prediction indicates that the Bitcoin price is experiencing minor resistance at $44.2K, and bulls are facing a challenge. Should the Bitcoin price break out of range to bridge the resistance, a price pump will likely follow amid the indications of bull dominance.
Meanwhile, Bitcoin Minetrix’s BTCMTX token presale is selling out fast as it nears its target, and the presale has gained over $7.7 million out of the targeted $8 million to show massive investor confidence in the project. The goal of Bitcoin Minetrix is to provide a more cost-effective cloud mining solution and offer passive income opportunities to a wider audience.
The project’s emphasis on decentralization has placed Bitcoin Minetrix among the top presales of 2024. BTCMTX tokens, currently valued at $0.0127, can be acquired using Ether (ETH), Tether (USDT), or a bank card through the project’s website. Once obtained, these tokens are staked, and investors receive token rewards.
Analysts anticipate a pump in the Bitcoin price after the approval of spot Bitcoin ETFs, allowing investors to receive capital gains and generate passive income in BTC. Prospective investors are advised to act promptly, as the price of BTCMTX is set to increase in less than four days.
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