Bitcoin 
$118,429.74 price There have been many major improvements in the $ 117,800 band and in the last few minutes. This week, if you check the dizzying and the latest news, you will understand how intense last minute developments are. SEC gave good news just before and the Strategy announcement came just before it. So what’s bad news?
Strategy Bitcoin (BTC) Purchase
In the world crypto currency Strategy, which has started history as the company that launched the reserve story, announced its new billion dollar purchase. Strategy (NASDAQ: MSTR/STRK/STRF/STRD), Strc (variable ratio A series A continuous privileged stock) announced that the public offering has been completed. What does this mean? The company created $ 2,521 billion in cash and used it to buy 21.021 BTC.
The average cost of purchases is 117,256 dollars, ie the current price is a few hundred dollars. Crypto investors’ application – the reason will surprise you!
SEC ETF gave his approval
BTC and ETH ETFThe approval of the same payments for their ‘s was eagerly awaited. That is, when someone with blackrock wants to make a firefighter BTC will be able to pay in terms of. This applies to all BTC and ETH ETFs. Since lower cost means more demand, the approval of the same exports and the approval of the fire is a major development.
The elimination of unnecessary costs and obligations is an important step and the official announcement writes the following;
“In such a model, the authorized participants must fire ETP shares in exchange for the US dollar, which forces ETP exporter to purchase or sell the crypto presence in the open market. This brings important transaction costs, exposes the product and investors to the price shifts in the asset class and makes ETP more expensive. He did not explain enough why it should be different from the commodity ETPs.
Today’s Emir is compatible with the mission of protecting SEC’s investors and providing fair, regular and efficient markets. Crypto VISITING ETPs will now be able to use the same as other similar products and use firefighters and allow investors to access the products they have been interested in for years. The decision of the Commission eliminates the market asymmetry and inefficiency of the market asymmetry and inefficiency only created by cash firefighters. The same firefighters will enable crypto Varlık ETPs to access the risk management tools more appropriate to the way they use ETPs in other markets. ”
Bloomberg ETF analyst James Seyffart welcomed the situation and wrote the following;
“Spot Bitcoin and Spot Ethereum
$3,820.18 The same export/fire department was approved for ETFs. The approval to be received soon for the ETFs of Altcoin seems to allow the same export/firefighters from the beginning. ”
Bitcoin whale sales
Kyle gave the bad news of the day. Miners just BinanceHe sent a BTC worth $ 2 billion, and this is one of the biggest daily entries so far.
“Is this a simple profit realization of around $ 120,000? Or do we see the first signs of the risk of avoiding the risk before the macroeconomic fluctuation begins? – Kyle
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
