// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Will Bitcoin ever trade below $27,000 again? – CoinsMegaNews

Will Bitcoin ever trade below $27,000 again?

2 years ago CryptoExpert
Will Bitcoin ever trade below $27,000 again?

[ad_1]

In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing, but other events might have also fueled the cryptocurrency gains.

Pechman asserts that, following a period of enforcement actions by regulators against exchanges allegedly acting as unregistered securities brokers, the United States crypto regulatory environment has improved. More recently, the U.S. Securities and Exchange Commission has drawn opposition in Congress and the Federal Reserve. That shows just how conflicting the U.S. government’s views on crypto regulation are.

Pechman shows how Bitcoin futures and margin markets show confidence being restored despite the price rally. Some distrust would normally be expected as traders expect a pullback after a 20% or higher gain. Consequently, Bitcoin bulls should now have the upper hand to sustain the $27,000 Bitcoin price support level.

Next, Pechman raises a question on the ARK Investment Management spot Bitcoin ETF request, which is reportedly the first in line for the SEC’s approval. Pechman highlights that the ETF has been a distant dream for the past six or seven years, and nothing has changed regarding the complaints from the regulator.

Moreover, the regulator’s claims about stablecoins are definitely something to be considered because that’s also heavily impacting the price formation on exchanges servicing U.S.-based clients. Still, Pechman advises not to bet against trillion-dollar money management companies.

According to Pechman’s estimates, the U.S. spot Bitcoin ETF could attract $20 billion in market capitalization within a couple of years. Consequently, it makes sense to buy Bitcoin now if you believe that the ETF will be approved in the next year or so.

Lastly, the show discusses why miners are adding equipment ahead of the 2024 Bitcoin halving. Don’t miss it! The Market Report airs exclusively on the new Cointelegraph Markets & Research YouTube channel.

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Casinos Approve PayPal: A Secure and Convenient Repayment Alternative

6 hours ago xtw18387208b

The Best Bitcoin Online Casino: Taking Gaming to the Next Level

6 hours ago xtw18387208b

Playing for fun with no Registration? You’ll Still Be able to Enjoy Your Gaming Experience

9 hours ago xtw18387208b

Play Free Roulette Video Game: An Overview to Online Casino Site Amusement

16 hours ago xtw18387208b