The latest price moves in crypto markets in context for Sept 4, 2023.
Bitcoin traded in a tight range in the past 24 hours, staying between $25,800 and $26,000 after a price spike last week when the cryptocurrency topped $28,000 after athe SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF.
Bitcoin retreated as the SEC delayed key ETF decisions that were expected on Friday, damping traders’ hopes of a long-term recovery. “As we enter September, the cryptoasset market remains on the edge of its seat as various macroeconomic and regulatory narratives continue to leave investors guessing,” said Simon Peters, an analyst at eToro.
, JPMorgan said in a report Friday. “The most important element of the Grayscale vs. SEC court ruling was that the denial by SEC was arbitrary and capricious because the Commission failed to explain its different treatment of similar products i.e., futures-based bitcoin ETFs,” analysts led by Nikolaos Panigirtzoglou wrote. Grayscale and CoinDesk are both owned by Digital Currency Group .
"We are grateful to him for helping guide Binance through some of our most explosive growth and we wish him the very best." A former vice president of product at travel agent Agoda, Kamat joined Binance in April 2022. Kamat's departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, SVP for Compliance Steven Christie, who left the company in early July, and Asia-Pacific Head Leon Foong, who quit in August.
The ratio has dropped below 1, meaning ether has recently seen less volatility than bitcoin, an unusual situation, according to historical data.
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