Bitcoin 12-Month Highs; BlackRock CEO Positive on Crypto & The Fake ETF Pump

Collective Shift

Oct 24, 2023

Collective Shift

The team discuss the biggest news of the week, the fake bitcoin ETF rally. They also discuss the SEC vs ripple case & how the NYAG is suing DCG.

Key Takeaways

BTC soared to $30,800 for the first time since July, and BTC dominance hit its highest level (52.7%) in 2.5 years.
The CEO of BlackRock, the world’s largest asset manager, referred to crypto as a “flight to quality” in a TV interview. Having such an influential voice advocate for crypto is a big win.
Fake news about a spot ETF approval caused BTC to surge before fully retracing. The price action arguably signaled that the market had not yet priced in an approval.
Reddit dropped its blockchain-based community points system, citing regulatory concerns. Not a good look as far as blockchain adoption is concerned.
Users who followed Matt’s post about the TIA airdrop got x3 as much as intended.

The team discuss the biggest news of the week, the fake bitcoin ETF rally. They also discuss the SEC vs ripple case & how the NYAG is suing DCG.

Key Takeaways

BTC soared to $30,800 for the first time since July, and BTC dominance hit its highest level (52.7%) in 2.5 years.
The CEO of BlackRock, the world’s largest asset manager, referred to crypto as a “flight to quality” in a TV interview. Having such an influential voice advocate for crypto is a big win.
Fake news about a spot ETF approval caused BTC to surge before fully retracing. The price action arguably signaled that the market had not yet priced in an approval.
Reddit dropped its blockchain-based community points system, citing regulatory concerns. Not a good look as far as blockchain adoption is concerned.
Users who followed Matt’s post about the TIA airdrop got x3 as much as intended.

Collective Shift