Altcoins
The gloom of old Altcoins
Altcoins are a bit darker. XRP, Cardano and Litecoin have been trading lower, holding on to their 50-day moving averages for over a week now. The market is clearly taking its time getting rid of old stars. This is a logical process, but when applied to cryptocurrencies it also indicates that we are not yet in FOMO mode when all the names are added up.
Crypto News
Fidelity’s spot, Ethereum-ETF, appeared on the US National Settlement Depository (DTCC) asset list. So far, DTCC has listed similar products from VanEck, Franklin Templeton and BlackRock.
Ethereum-ETF issuers now need SEC S-1 filing approval to begin trading. BlackRock filed an updated Form S-1, which discloses information about the early-stage investor. Bloomberg Erik called BlackRock’s filing a “good sign.”
Elon Musk has denied Bloomberg’s publication that he is Trump’s cryptocurrency advisor. According to him, “he certainly never discussed cryptocurrencies with Trump.”