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SEC Greenlights Two Crypto ETFs, Samson Mow Warns About Bitcoin Supply Shock Ahead, 200 Million Dogecoin Stun Binance in Major Move: Crypto News Digest by U.Today
In recent news, it has been reported that the US Securities and Exchange Commission (SEC) has granted approval to two cryptocurrency exchange-traded funds (ETFs). This development could have significant implications for the crypto market, as ETFs are often seen as a more accessible and attractive investment option for institutional investors.
Meanwhile, Samson Mow, former head of growth at Bitcoin (BTC), has issued a warning about an impending supply shock in the bitcoin space. According to reports, Mow believes that there may be a significant shortage of available coins due to lack of mining activity, which could have far-reaching effects on the market.
On a different note, Binance has been hit with a massive influx of 200 million Dogecoin (DOGE) transactions. This sudden and large-scale movement is sparking speculation about potential trading or selling activities related to DOGE.
In other news, Dogecoin’s price plummeted below its 50-day Simple Moving Average (SMA) at $0.36, reaching a low of $0.262 before rebounding. At the current time, DOGE is trading at $0.309, a 23% drop over the past seven days.
If the downward trend continues, Dogecoin’s price may potentially drop to as low as $0.23.
Stay tuned for more updates and insights from the world of cryptocurrency!
Source: u.today
