Bitcoin price catalyst just kicked in

Dear Reader,

One of the catalysts known to move crypto prices is…

… a listing announcement. 

Some listing announcements, however, have the power to move the entire market. 

Take the recent listing of Blackrock's iShares spot Bitcoin exchange-traded fund (ETF) on the Depository Trust & Clearing Corporation (DTCC).
Such a listing suggests a potential approval of the Bitcoin ETF by the SEC.

Regardless, within hours of the DTCC listing…

Bitcoin shot up from under $30K to over $35K fast and furious.

Fueling rumors that a new Bitcoin bull run has started. 

That remains to be seen. 

What we do know is that this is the first spot ETF listed on the DTCC.

Which tends to happen right before the SEC gives the thumbs up. 

Bloomberg ETF analyst Eric Balchunas said…

"Hard not to view this as them getting signal that approval is certain/imminent."

Of course, the SEC could keep everyone in suspense. 

Because they have until January 10, 2024 to reach a final decision. 

Here's what's interesting…

This kind of "listing catalyst" happens daily throughout the crypto market. 

Almost every time the underlying token sees a quick price spike. 

The key is knowing how to get ahead of these events. 

Cointelegraph Markets Pro sends alerts about listing events known to move the price of the underlying token right before it happens.  
 
Regards,

Max K.
Markets Pro Team

© 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL.

Facebook
Twitter
Link
Website
Copyright © 2023 Cointelegraph Markets Pro, All rights reserved.
You are receiving this email because you opted in at our website.

Our mailing address is:
Cointelegraph Markets Pro
21 W 46th St
New York, NY 10036-4119

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Popular posts from this blog

Reddit Community’s MOON Tokens Soar

Are Crypto Investors Protected?

Coinbase's revolving door

powered by Coinlib
Advertise with Anonymous Ads