The cryptocurrency market on Wednesday evening, witnessed mixed trading, as representatives from BlackRock, Nasdaq, and the Securities and Exchange Commission met for the second time in a month to talk about rule changes that would enable the listing of spotbitcoin exchangetraded fund.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | +2.73% | $42,431 |
| Ethereum (CRYPTO: ETH) | +0.72% | $2,192 |
| Dogecoin (CRYPTO: DOGE) | -2.10% | $0.090 |
What Happened: According to a published memo, “The discussion concerned The NASDAQ Stock Market LLC’s proposed rule change to list and trade shares of the iShares Bitcoin Trust under Nasdaq Rule 5711(d).”
In other news, Bankman-Fried’s request to delay his sentencing hearing was denied by Judge Lewis Kaplan of the Southern District of New York. on Wednesday. The former FTX CEO and convicted felon had submitted his request one day before his scheduled pre-sentencing interview.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
| ioTEX (IOTX) | +23.73% | $0.061 |
| Stacks (STX) | +17.42 | $1.44 |
| Neo (NEO) | +14.04% | $14.54 |
The global crypto market cap has reached $1.15 trillion, marking a 0.40% decrease in the last 24 hours.
The stock market took a hit on Wednesday, as investors decided to take some profits during the recent market upturn. Adding to the decline was FedEx, which weighed heavily on the S&P 500. The Nasdaq Composite fell by 1.50% to 14,777.94.
In addition, the S&P 500 decreased by 1.47% to 4,698.35.
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Analyst Notes: Cryptocurrency analyst Michael Van de Poppe thinks that we might be seeing a peak in Bitcoin dominance. “Currently, the momentum is skewed surrounding Bitcoin and the ETF approval, but Ethereum might also get a Spot ETF. Positioning yourself with a large allocation towards the Ether ecosystem makes sense.”
I sincerely believe we’re facing a top on the #Bitcoin dominance.Currently, the momentum is skewed surrounding Bitcoin and the ETF approval, but Ethereum might also get a Spot ETF.Positioning yourself with a large allocation towards the Ether ecosystem makes sense.
— Michaël van de Poppe (@CryptoMichNL) December 20, 2023
Bitcoin could skyrocket to $160,000 in the next bull market, said analysts from CryptoQuant.
On-chain analysis firm CryptoQuant said that demand for…
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