Crypto News LIVE Updates: The Bitcoin BTC Price began the week on a slightly bearish note, in what could be an organic corrective measure ahead of a highly volatile environment around the spot Bitcoin ETF approval deadline around January 10, 2024. Meanwhile, the United States Securities and Exchange Commission (SEC) issued a warning to traders and investors against falling in a FOMO on crypto.
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09:19:03 AM IST, 8 January 2024
Crypto News LIVE: Bloomberg Analyst Flashes 95% Odds of Bitcoin ETF Approval
Senior Bloomberg ETF analyst Eric Balchunas forecast a positive decision on the approval of Bitcoin exchange-traded funds (ETFs) from the US securities watchdog, aligning with the expectations of the crypto community. Balchunas said the probability of a rejection has now fallen from 10% to 5%.
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08:52:48 AM IST, 8 January 2024
Crypto News LIVE: Shiba Inu To Burn 9.25 Trillion Tokens To Cap Supply
The Shiba Inu (SHIB) development team is planning to burn $9.2 trillion SHIB tokens in January in an attempt to reduce the circulating supply and lift the value of the popular meme coin. While SHIB tokens have been destroyed consistently since the past few months, the manual process will soon to be automated.
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08:40:15 AM IST, 8 January 2024
Crypto News LIVE: Honduras Recognizes Bitcoin
The Honduras special economic zone Prospera recognized Bitcoin as a unit of account, making the cryptocurrency acceptable for commercial, tax, and financial transactions.
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08:21:14 AM IST, 8 January 2024
Crypto News LIVE: Polygon NFT Volume
The volume of Polygon NFTs has breached that of Solana (SOL) in the past 24 hours, making it the third after Bitcoin and Ethereum in NFT sales volume.
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08:17:35 AM IST, 8 January 2024
Crypto News LIVE: XRP ETF Soon?
Rumors are afloat that an application for an XRP ETF would be filed with the United States Securities and Exchange Commission (SEC), in the context of the potential approval of a Bitcoin ETF.
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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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