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Success is always a matter of some luck and timing! (weekly crypto updates)
4 min readNov 26, 2024
What happened in crypto the past 3 weeks? Bitcoin is reaching ATH after ATH testing $100K. And its ETFs are doing great also, getting close to the Gold total value. The SEC CEO, Gary Gensler is out of business on January 20. Coinbase is looking for its own products, sneakily delisting its competitors. What else? Read below:
- Bitcoin: BTC ETF options will soon be ready on BlackRock Bitcoin ETF. MicroStrategy got another 51780 BTC for $4.6B, pushing it on ready on BlackRock Bitcoin ETF. Well, Bitcoin ETFs just hit $138B in assets, which is a new record! With $100B just in the US, they are getting close to the Gold ETF value of $120B. MicroStrategy got another 51780 BTC for $4.6B pushing above the 1% of all the BTC that will ever exist. Yet, MicroStrategy stock went down by more than 16%, all while BTC was testing the $100K. With the value passing through the $94K mark, testing the $100K, there is hope for the crypto future. And now is pulling back, with $93,137.20 right now. What do you think, we may see the fated $100K by the end of the year?
- Ethereum: The SEC hit pause again on Franklin Templeton’s Bitcoin-Ethereum ETF to January 2025. Grayscale completed a reverse share executing a 1:5 split on the Bitcoin…