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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,582.82
    ethereum
    Ethereum (ETH) $ 3,021.69
    tether
    Tether (USDT) $ 0.999746
    bnb
    BNB (BNB) $ 378.95
    usd-coin
    USDC (USDC) $ 0.999823
    xrp
    XRP (XRP) $ 0.54529
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086072
    cardano
    Cardano (ADA) $ 0.59578
    solana
    Solana (SOL) $ 103.24
    matic-network
    Polygon (MATIC) $ 0.981926
    polkadot
    Polkadot (DOT) $ 7.75
    tron
    TRON (TRX) $ 0.137677

    QCP Capital Analysts Counsel a New Date for Bitcoin Spot ETF Approval

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    After the value of Bitcoin (BTC) reached $38,400, cryptocurrency evaluation firm QCP Capital shared its complete evaluation of the way forward for Bitcoin.

    QCP Capital: β€œBitcoin Spot ETF Could Be Authorized on January 3”

    After SEC chairman Gary Gensler’s Halloween tweet wishing him a ‘completely satisfied fifteenth anniversary of Satoshi’s well-known white paper that launched cryptocurrencies’, QCP Capital recommended that if Gensler really believed in symbolic dates, the spot ETF can be on the Genesis Block. It suggests it ought to ratify on January 3, 2024, the fifteenth anniversary.

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    But when that does not occur, the primary actual deadline to satisfy is January 10, 2024, which is the deadline for ARK to use within the first approval group. If ARK is rejected and others are delayed as soon as once more, Blackrock and different candidates face their very own deadlines March 15, 2024 will likely be an actual breaking level.

    QCP Capital additionally states that the following Bitcoin halving is barely 150 days away.

    *This isn’t funding recommendation.

    See also  Ping Alternate’s hybrid chilly storage redefines requirements for crypto alternate custody
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