The #Bitcoin ETF yesterday recorded its largest inflow this month with $365.7 million. Bullish ๐Ÿš€โ€Œโ€Œ image
Happy Friday, we leave you what you should know early to start this day: ๐Ÿ”ต The price of #bitcoin is today awaiting inflation data. High volatility is expected, although the previous days have been mostly positive for BTC. ๐Ÿ”ต #Bitcoin ETFs recorded the highest inflow in 2 months. BTC price is approaching $66,000 this morning. ๐Ÿ”ต A serious crisis is hitting #China and could spread globally. The specter of deflation and economic recession haunts the Asian country. ๐Ÿ”ต Gary Gensler confirms that BNY Mellon can custody bitcoin and #Ethereum, beyond ETFs. The SEC chairman said there are more entities presenting plans to custody digital assets. ๐Ÿ”ต Changpeng Zhao (CZ), former CEO of #Binance, is expected to be released today. Although it corresponds to Sunday, September 29, a federal rule provides that if the release day is a holiday, it can be executed on the last previous business day.
#BTC It is currently 159 days after the Halving By standards of 2016, Bitcoin should've broken out 5 days ago By standards of 2020, Bitcoin should be breaking out in the 4 days or so Bitcoin is in a pretty good position right now
#Bitcoin $65K waiting room โณ Even if BTC ends up sweeping 65K and rejecting, which wouldn't be great, it would still make sense to at least sweep the level for liquidity purposes. The longer we trade below it though, the more likely I think it is we hold it if it breaks. image
โ BTC bulls are charting a path to $66K, but will they make it? Bitcoin bulls are making progress in their attempt to reclaim the 200-day moving average, but a close above $66,000 could kick off a rally towards BTC's all-time high image
๐Ÿ‡ฆ๐Ÿ‡ทArgentina distances itself from the UN Future Pact: According to the Minister of Foreign Affairs, Diana Mondino, the regulations proposed in the pact, approved by more than 190 countries in the plenary session of the United Nations, clash with the growth plan economic without external regulations proposed by Javier Milei. ๐Ÿ‡บ๐Ÿ‡ธCongressmen ask the SEC to allow bitcoin custody in banks: In a letter signed by 43 Republican legislators, led by Patrick McHenry and Senator Cynthia Lummis, they asked Gary Gensler, president of the SEC, to eliminate the SAB 121 rule that limits banks from being able to custody certain types of digital assets, including cryptocurrencies. ๐ŸฆThe oldest bank in the US will custody the bitcoin and Ethererum ETFs: Despite the SAB 121 regulation, BNY Mellon assured that it would custody the underlying assets of the BTC and ETH ETFs, communicating that, given the recent review by the SEC, it did not impose any type of limitation on this measure.