Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Bitcoin (BTC) has had a ridiculously bullish session this week as it made history with its first US SEC-approved futures Exchange-Traded Fund (EFT).
ProShares Bitcoin Strategy ETF (BITO) launched on Tuesday amid volcanic fanfare and record-breaking ETFs volume. Yesterday, BTC recorded a new all-time high at $67,000 due to the excitement from the news.
As if the ProShares ETF approval was not news enough, VanEck published its Bitcoin futures ETF post-effective filing on Wednesday, indicating that the SEC has also approved the listing on NYSE Arca. The VanEck BTC Strategy ETF will have the ticker “XBTF” and leverage cash-settled Bitcoin futures contracts. The official VanEck ETF summarizes that the fund “does not invest in bitcoin or other digital assets directly.”
Shortly after the publication of the post-effective filing, co-founder of The ETF Institute Nate Geraci tweeted that: “Vaneck [is] joining the bitcoin futures ETF party next week.”
Commenting on the new developments, senior ETF analyst at Bloomberg Eric Balchunas explained that BITO has already entered “the top 30% of ETFs by assets and a near-lock to exceed my $750m by end-of-week estimate.”
VanEck decided to apply for a Bitcoin Strategy ETF on August 10, after several failed attempts to receive approval of a BTC ETF from the SEC. Some analysts speculate that VanEck’s ETF move came following positive statements from SEC Chairman Gary Gensler in the same week.
Key Bitcoin Levels to Watch — October 21
Although a few days (five) earlier than I predicted, the benchmark cryptocurrency has finally reemerged above the $65K ATH and painted a new one at $67K. Not surprisingly, BTC recorded a sharp correction a few hours ago to the $61.4K support as trading conditions entered overheated territories.
That said, BTC is not out of the woods yet, and we could see additional corrections in the coming days near the $60K psychological support. Nonetheless, a break above the $67K ATH (which is also a near-term possibility) should pause this imminent correction as BTC would resume on a price discovery trajectory.
Meanwhile, our resistance levels are at $66,000, $67,000, and $68,000, and our key support levels are at $64,000, $63,000, and $62,000.
Total Market Capitalization: $2.63 trillion
Bitcoin Market Capitalization: $1.22 trillion
Bitcoin Dominance: 46.4%
Market Rank: #1
You can purchase crypto coins here: Buy Tokens
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
