Lokesh Gupta
16-11-2024
Bitcoin has taken the crypto world by storm with its impressive bullish streak. Within just eight days, it reached new all-time highs seven times, boosting its market cap to $1.809 trillion. This major surge puts Bitcoin ahead of Saudi Aramco, the global oil giant with a $1.79 trillion valuation, signaling a significant achievement in Bitcoin’s evolution.
The U.S. Commodity Futures Trading Commission (CFTC) recently issued a notice that paves the way for spot Bitcoin ETF options. This move has fueled analyst expectations that these products could be listed soon, adding excitement to the market.
Ripple has faced ongoing regulatory battles with the SEC under President Biden’s administration. However, recent news has created a buzz: Ripple CEO Brad Garlinghouse met with former President Donald Trump, stirring speculation and optimism within the crypto space.
XRP’s price surge is partly attributed to rumors about SEC Chairman Gary Gensler’s potential resignation. His recent praise of the SEC’s accomplishments has led to speculation about his role and the future regulatory landscape for cryptocurrencies.
Bitwise Asset Management revealed that NYSE Arca has filed a Form 19b-4 to convert the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) into an ETP. This follows the trend of crypto asset managers looking to shift their investment products to exchange-traded structures.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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