Altcoins have a little more gloom. XRP, Cardano, and Litecoin are moving downwards, sticking to 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 as applied to cryptocurrencies, it also says that we’re not yet in FOMO mode when all the names are added up.
Crypto News
Fidelity’s spot, Ethereum-ETF, has appeared on the US National Settlement Depository’s (DTCC) asset list. DTCC has so far listed similar products from VanEck, Franklin Templeton, and BlackRock.
Ethereum-ETF issuers now need S-1 document approval from the SEC to begin trading. BlackRock has filed an updated Form S-1, which disclosed information about the start-up investor. Bloomberg Erik called BlackRock’s filing a “good sign.”
Elon Musk denied Bloomberg’s publication that he is Trump’s cryptocurrency adviser. According to him, “he certainly never discussed cryptocurrencies with Trump.”
Read More: The Gloom of Old Altcoins