GateToken Cryptocurrency is currently on bearish momentum by 21.07% in the last 6 hours. At 23:52 EST on Wednesday, 12 May, GateToken is at $10.30.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GateToken’s crypto is considered to be oversold (<=20).
News about Bitcoin
According to Business Insider on Tuesday, 11 May, "The Chicago Board Options Exchange has applied with the US Securities and Exchange Commission Monday to list Fidelity’s Wise Origin Bitcoin exchange-traded fund, according to a Form 19b-4.", "In Canada, the first publicly traded ETF, the Purpose Bitcoin ETF, has been approved, as well as ethereum ETFs. "
Cboe files to list fidelity Bitcoin ETF amid regulatory test. According to Bloomberg Quint on Tuesday, 11 May, "Cboe proposed Monday in a filing with the U.S. Securities and Exchange Commission to list Fidelity’s Wise Origin Bitcoin Trust, saying concerns about potential manipulation of a Bitcoin exchange-traded product have been "sufficiently mitigated.", "Cboe has already petitioned for the approval of vehicles such as a VanEck Bitcoin fund, one of a number of Bitcoin ETFs seeking the green light from officials. "
Bitcoin ETF approval odds grow longer after gensler critique. According to Bloomberg Quint on Monday, 10 May, "SEC concerns over fraud and manipulation in the Bitcoin spot market have been the primary roadblock for a Bitcoin ETF approval," said Nate Geraci, president of the ETF Store, an advisory firm. ", "Three Bitcoin ETF filings have been acknowledged by the SEC, meaning it has a limited amount of time to either approve or reject the proposals. "
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