Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21

US Senate promotes genius law in the midst of dual support

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Shows Bearish Signs as ETF Approvals Are Delayed
Bitcoin

Bitcoin Shows Bearish Signs as ETF Approvals Are Delayed

2023-10-01No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The delay in the SEC’s decision-making process caused BTC’s weighted sentiment to drop.
  • Most of BTC’s statistics and market indicators suggested the possibility of a price correction.

Bitcoin [BTC] ETFs have been a topic of discussion for some time. Now it has been revealed that BTC ETFs may be further delayed.


Read Bitcoins [BTC] Price prediction 2023-24


This news put a damper on BTC, which failed to cross the $27,000 mark. It is striking that the king coin has fluctuated around $26,500 – $27,000 over the past week.

A look at the Bitcoin and SEC episode

If reported Previously, the US Securities and Exchange Commission (SEC) took further steps to postpone its decision on spot Bitcoin ETFs. The latest decision came a day after SEC Chairman Gary Gensler was questioned during a hearing in the US Congress.

On September 29, Mags, a popular crypto trader and analyst, recently posted a tweet and noted:

“The SEC is trying to show they are not interested and pushing back the dates even though both the SEC and BlackRock know the inevitable outcome.”

#Bitcoin ETFs are postponed until the final deadline

The SEC is trying to show that they are not interested and is trying to push back the dates until the final deadline, even though both the SEC and BlackRock know the inevitable outcome.

BlackRock’s ETF should be the first… pic.twitter.com/6ZkfUf9WPR

— Mags (@thescalpingpro) September 29, 2023

This episode definitely had a negative impact on BTC‘s performance, which was evident from the slight decline in weighted sentiment in recent days.

However, Bitcoin’s social volume remained relatively high, reflecting its popularity in the crypto market.

Source: Santiment

Not only on a social level, but the episode also influenced buying sentiment, such as that of CryptoQuant facts revealed that BTC’s aSORP was in the red at the time of writing.

See also  Bitcoin and the Risk of Liquidity Shortage in Stablecoins – Holders Need to Know THIS!

This meant more investors sold their holdings, which could signal a market top. The buyers’ purchase/sales ratio was also in the red, meaning that sales sentiment was dominant in the market.

However, the foreign exchange reserve looked optimistic as the gauge registered a decline.

Source: CryptoQuant

Is the price of BTC about to fall?

Selling pressure seemed to increase at a time when Bitcoin failed to cross the $27,000 mark. According to Coin market capitalization, BTC has risen by more than 1.5% in the past seven days.

At the time of writing, it is trading at $26,952.5 with a market cap of over $525 billion.


Is your portfolio green? look at the BTC profit calculator


Take a look at BTCThe company’s daily chart has helped provide a better understanding of what to expect from the crypto in the coming days. For example, the MACD showed that the bulls and bears were trying to gain an advantage over each other.

Additionally, Bitcoin’s Relative Strength Index (RSI) and Money Flow Index (MFI) both moved sideways, suggesting investors could see a few more slow days in the coming weeks.

Source: TradingView



Source link

Approvals Bearish Bitcoin delayed ETF Shows signs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

South Korea Eyes won -backed stablecoin to curb capital flight -details

2025-05-21

A 500K BTC -Dump is coming? The volatility of Bitcoin stands for a new test!

2025-05-21

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

2025-05-21

Bitcoin’s rally in danger? These signals for the possible correction of BTC

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Analyst Outlines Path Forward for XRP, Sees 436% Upside Potential for the Third-Largest Cryptocurrency

2025-01-06

Litecoin surges nearly 20% after US regulator refers to LTC as a commodity in KuCoin complaint

2024-03-30

What Is PnL? PnL Meaning in Crypto, Explained

2024-08-01
Editors Picks

What are NFT DApps and how to create and start one?

2023-11-18

Why was Cosmos Hub’s ATOM 2.0 proposal rejected?

2024-09-04

Games need decentralized randomness to be fair

2023-10-22

Is Bitcoin’s 15% network activity a warning sign for traders?

2025-02-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

US Senate promotes genius law in the midst of dual support

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,427.691.13%
  • ethereumEthereum(ETH)$2,541.120.35%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-0.19%
  • binancecoinBNB(BNB)$651.460.57%
  • solanaSolana(SOL)$168.270.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2255761.82%
  • cardanoCardano(ADA)$0.752.41%
  • tronTRON(TRX)$0.270073-1.21%
  • suiSui(SUI)$3.83-0.89%
  • chainlinkChainlink(LINK)$15.74-1.47%
  • avalanche-2Avalanche(AVAX)$22.571.34%
  • stellarStellar(XLM)$0.2882541.70%
  • hyperliquidHyperliquid(HYPE)$26.48-0.83%
  • shiba-inuShiba Inu(SHIB)$0.0000150.67%
  • hedera-hashgraphHedera(HBAR)$0.1956180.39%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$397.462.07%
  • the-open-networkToncoin(TON)$3.040.00%
  • polkadotPolkadot(DOT)$4.651.34%
  • litecoinLitecoin(LTC)$94.781.02%
  • moneroMonero(XMR)$363.344.18%
  • bitget-tokenBitget Token(BGB)$5.14-0.36%
  • piPi(PI)$0.797.40%
  • pepePepe(PEPE)$0.0000133.19%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.265.47%
  • aaveAave(AAVE)$257.19-2.92%
  • bittensorBittensor(TAO)$417.03-0.85%
  • nearNEAR Protocol(NEAR)$2.78-0.11%
  • aptosAptos(APT)$5.13-0.05%
  • okbOKB(OKB)$52.03-0.27%
  • ondo-financeOndo(ONDO)$0.94-0.07%
  • kaspaKaspa(KAS)$0.110131-0.18%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2411.14%
  • ethereum-classicEthereum Classic(ETC)$18.460.59%
  • internet-computerInternet Computer(ICP)$5.250.72%
  • gatechain-tokenGateToken(GT)$21.530.78%
  • crypto-com-chainCronos(CRO)$0.096385-0.28%
  • mantleMantle(MNT)$0.740.67%
  • vechainVeChain(VET)$0.0283271.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230847-0.92%
  • render-tokenRender(RENDER)$4.64-0.14%
  • ethenaEthena(ENA)$0.3810702.08%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2247041.36%
  • arbitrumArbitrum(ARB)$0.3963750.85%
  • cosmosCosmos(ATOM)$4.902.52%
  • bitcoinBitcoin(BTC)$106,427.691.13%
  • ethereumEthereum(ETH)$2,541.120.35%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-0.19%
  • binancecoinBNB(BNB)$651.460.57%
  • solanaSolana(SOL)$168.270.34%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2255761.82%
  • cardanoCardano(ADA)$0.752.41%
  • tronTRON(TRX)$0.270073-1.21%
  • suiSui(SUI)$3.83-0.89%
  • chainlinkChainlink(LINK)$15.74-1.47%
  • avalanche-2Avalanche(AVAX)$22.571.34%
  • stellarStellar(XLM)$0.2882541.70%
  • hyperliquidHyperliquid(HYPE)$26.48-0.83%
  • shiba-inuShiba Inu(SHIB)$0.0000150.67%
  • hedera-hashgraphHedera(HBAR)$0.1956180.39%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$397.462.07%
  • the-open-networkToncoin(TON)$3.040.00%
  • polkadotPolkadot(DOT)$4.651.34%
  • litecoinLitecoin(LTC)$94.781.02%
  • moneroMonero(XMR)$363.344.18%
  • bitget-tokenBitget Token(BGB)$5.14-0.36%
  • piPi(PI)$0.797.40%
  • pepePepe(PEPE)$0.0000133.19%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.265.47%
  • aaveAave(AAVE)$257.19-2.92%
  • bittensorBittensor(TAO)$417.03-0.85%
  • nearNEAR Protocol(NEAR)$2.78-0.11%
  • aptosAptos(APT)$5.13-0.05%
  • okbOKB(OKB)$52.03-0.27%
  • ondo-financeOndo(ONDO)$0.94-0.07%
  • kaspaKaspa(KAS)$0.110131-0.18%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2411.14%
  • ethereum-classicEthereum Classic(ETC)$18.460.59%
  • internet-computerInternet Computer(ICP)$5.250.72%
  • gatechain-tokenGateToken(GT)$21.530.78%
  • crypto-com-chainCronos(CRO)$0.096385-0.28%
  • mantleMantle(MNT)$0.740.67%
  • vechainVeChain(VET)$0.0283271.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230847-0.92%
  • render-tokenRender(RENDER)$4.64-0.14%
  • ethenaEthena(ENA)$0.3810702.08%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2247041.36%
  • arbitrumArbitrum(ARB)$0.3963750.85%
  • cosmosCosmos(ATOM)$4.902.52%