Bitcoin had a turbulent week, with prices surging after Grayscale’s legal victory against the SEC on Tuesday, only to lose all those gains after the regulator delayed a decision on approving seven spot Bitcoin ETFs on Thursday. The dominant cryptocurrency is currently trading at $25,798, down 0.8% in the past 24 hours.The bearish trend is likely to continue, as there are no market-moving developments. If Bitcoin’s price action mimics the trend in mid-June and fails to hold levels above $25,800, it will plunge towards $24,900.The former chair of the SEC, Jay Clayton, has said that the approval of a spot Bitcoin ETF is “inevitable”. Grayscale Investments CEO Michael Sonnenshein also believes that approval is “a matter of when and not if”.The Wall Street Memes presale is performing exceptionally well, having raised over $25 million just weeks after launch. The project has leveraged robust marketing strategies and attracted an engaging online community. The presale is in the last stages, with 25 days before closing. The Wall Street Memes team is anticipating an exchange launch in the coming weeks. Traders are rushing to buy at the presale price of $0.0337 before the price explodes after WSM is listed on exchanges.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Jay Clayton, Bitcoin Fear and Greed Index, Elon Musk, Michael Sonnenshein, Watcher Guru |
| Companies | Grayscale Investments, Wall Street Memes, OpenSea NFT Collection, Bitcoin Fear and Greed Index, Securities and Exchange Commission (SEC) |
| Currencies | wsm, US Dollar, APENFT, Ethereum, Bitcoin |
| Securities | None |
