Moon🌙
@noweyxixi223
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📊 The Bitcoin bull market could resume within the next 22 days, based on historical cycles and current data, according to WeRate co-founder Quinten François.
📈 In his observations, the average Bitcoin cycle begins approximately 170 days after the halving, with a peak forming 480 days later. As of September 15, it has been 147 days since the halving.
📉 CryptoQuant CEO Ki Young Ju highlighted $62,000, $55,000, and $43,000 as key levels for Bitcoin. These represent the average coin cost for various groups of investors and serve as important psychological and technical markers. 0 reply
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🪙 The regulatory status of Solana in the U.S. is hindering the launch of ETFs
The CBOE exchange has withdrawn its applications for launching Solana-based exchange-traded funds (ETFs) "at the request" of the SEC, the main securities regulator in the U.S. The agency continues to classify the SOL token as an unregistered security.
Companies aiming to launch Solana ETFs are currently in negotiations with the SEC.
In the summer of 2023, the SEC, in a lawsuit against Binance, classified several cryptocurrencies, including Solana, Polygon, Filecoin, Cardano, and others, as unregistered securities, implying that trading these assets violates U.S. laws. As a result, major trading platforms like Robinhood, eToro, and others delisted these cryptocurrencies.
Several companies, including those that launched similar funds for Bitcoin and Ethereum, have filed applications to launch so-called spot ETFs based on Solana. 0 reply
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