04 Nov: Approve the SPOT!

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Big News Of The Day: US lawmakers call on SEC chair Gensler to approve a spot bitcoin ETF


Podcast Of The Day: On The Margin - Bloomberg Analyst: The Bitcoin Supercycle Is Here | Mike McGlone


Video Of The Day: Aimstone: This Insane Chart Shows Exactly When to Sell Bitcoin | NOW IT'S TIME TO BUY!!


Blog Of The Day: What Can You Expect for the Bitcoin Price in November? The Road to $80K Is Clear


My Hot Take

U.S. Representatives Tom Emmer and Darren Soto are calling on the Securities and Exchange Commission and its chair, Gary Gensler, to approve a spot bitcoin exchange-traded fund. In addition, Grayscale has filled form 19b-4, which has been noticed by the SEC. This means that the countdown for the future hearing has begun, according to ETF Hearsay.


The firm behind the U.S.-based crypto exchange FTX.US, West Realm Shires Services Inc, announced Wednesday a new sponsorship deal with the University of Kentucky men’s basketball team, according to a Wednesday release. Also, American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset.


Bitcoin price is shaky on news that Fed is winding back inflation but has bounced at an ascending support line. There is support and resistance at $61,270 and $63,530; the BTC trend is bullish. Popular crypto analyst Benjamin Cowen thinks things look “pretty impressive” right now for Bitcoin. ARK Invest CEO Cathie Wood says that institutional investors and emerging markets can send the price of Bitcoin (BTC) surging to $760,000.


In the Altcoin world, Ethereum, Solana, Polkadot set all-time highs as Crypto Market tops $2.9 Trillion. The price of Ethereum’s ether, the second-largest cryptocurrency by market capitalization, could move upward to hit $6,000 if it manages to hold above a key technical level, according to Fairlead Strategies’ Katie Stockton.


Polkadot (DOT) price crashed both times its futures open interest clipped $1 billion. Should traders expect a correction now that open interest is over this figure? Solana ($SOL) flips Cardano ($ADA) to take 5th place, surges to new ATH above $237. The pseudonymous analyst known as Credible Crypto tells his 257,400 Twitter followers that XRP’s price structure looks very similar to data-sharing protocol OriginTrail, whose native token TRAC just rallied more than 300% following its recent listing on Coinbase Pro; expects $3.40.


Meanwhile, Shiba Inu falls after $2.3B of SHIB moved from whale wallet and Coinbase Pro users can now trade Shiba Inu against the euro and the British pound.


Would you believe, almost two-thirds of respondents who quit their jobs after making life-changing gains from crypto had a total income of less than $50,000 and CashApp is now available to 13 and Above: Will teens soon be able to buy Bitcoin?


Best Performing Top 10 Asset is: SOL - $242.60


Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!


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Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!

 

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