Thanksgiving | Crypto

Bitcoin remained below key support levels as traders hoped the rally could achieve the highest-ever Thanksgiving Day close for BTC price. Bitcoin (BTC) rallied 13% from multimonth lows at $80,000, reclaiming the $90,000 mark on Wednesday. This move came as a surprise as BTC staged a pre-holiday rally, increasing hopes of a continued upward move going into Thanksgiving weekend. Key takeaways: Bitcoin stages a pre-Thanksgiving rally and seeks to defy its historical average return of -0.8% during the holiday.  Read more

The U.S. crypto market structure bill has seen renewed bipartisan support as Coinbase CEO Brian Armstrong has mentioned productive meetings with lawmakers as the legislation moves forward in the Senate. The post Crypto Market Structure Bill Gains Bipartisan Momentum — Coinbase CEO Sees Progress by Thanksgiving appeared first on Cryptonews.

Bitwise filed a prospectus on Sept. 16 for a stablecoin and tokenization exchange-traded fund (ETF) structured as a 40 Act fund, positioning for potential launch around Thanksgiving. The proposed fund tracks the Bitwise Stablecoin and Tokenization Index through two equally weighted sleeves targeting companies and assets poised to benefit from stablecoin adoption and asset tokenization […] The post Bitwise files for stablecoin and tokenization ETF targeting Thanksgiving launch appeared first on CryptoSlate.