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