<![CDATA[<figure class="image"><img src="https://cimg.co/news/126535/334071/18-1.jpg" alt="" srcset="https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_900_506.jpg 900w, https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_720_405.jpg 720w, https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_600_338.jpg 600w, https://cimg.co/news/126535/334071/responsive-images/18-1___media_library_original_300_169.jpg 300w" width="1280" class="content-img"></figure><a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin's price</a> fluctuating journey continues as it trades just below the $28,500 mark, with a modest increase of less than 0.50% on Wednesday. Several noteworthy events have punctuated the cryptocurrency landscape.&nbsp;Fidelity, not one to be left behind, has revamped its spot in BTC ETF registration in light of the SEC's recent critiques, placing itself alongside giants like Ark Invest and Invesco.&nbsp;Meanwhile, El Salvador, a nation that recently embraced Bitcoin as legal tender, witnesses its 'Rebirth', attributed by <a href="https://www.forbes.com/sites/digital-assets/2023/10/15/according-to-its-vice-president-bitcoin-adoption-is-helping-el-salvadors-rebirth/?sh=2cd4b7c94250">Vice President Felix</a> Ulloa to the cryptocurrency's adoption. However, it's not all positive news.&nbsp;The US subsidiary of the global crypto behemoth, Binance, has paused direct dollar withdrawals, adding another layer of intrigue to Bitcoin's narrative.<h2 id="strong-fidelity-responds-to-sec-upgrades-btc-etf-registration-aligning-with-ark-invest-and-invesco-strong">Fidelity Responds to SEC: Upgrades BTC ETF Registration, Aligning with Ark Invest and Invesco</h2><a href="https://www.fidelity.com/">Fidelity Funds Management LLC</a>, in collaboration with Ark Invest and Invesco, has <a href="https://www.sec.gov/Archives/edgar/data/1852317/000119312523257755/d375081ds1a.htm">updated its filings</a> for a spot Bitcoin Exchange-Traded Fund (ETF) after engaging with the US Securities and Exchange Commission (SEC).&nbsp;This progress suggests ongoing dialogues between institutional entities and the SEC, nurturing hopes for future approval.&nbsp;Notably, Ark Invest resubmitted its filing on October 12, with Invesco Galaxy following shortly after, highlighting shared concerns for the SEC.&nbsp;These encompass addressing hard forks, complying with GAAP valuations and pricing, disclosing regulatory uncertainties, considering the energy intensity of mining, and assessing geographical implications.<figure class="media"><oembed url="https://twitter.com/BitcoinMagazine/status/1714404641838907869"></oembed></figure>These revisions illuminate the SEC's priorities as a slew of applications is expected in Q1 2024.&nbsp;Consequently, SEC Chair Gary Gensler is facing increased pressure for an imminent Spot BTC ETF endorsement.&nbsp;A recent miscommunication regarding the approval of BlackRock's iShares Spot BTC ETF influenced market sentiment, leading to a brief price decline.However, the considerable latent demand for a BTC ETF is projected to bolster BTC prices in light of these events.&nbsp;Presently, BTC prices are ascending, to approximately at $28,300, signaling renewed confidence.<h2 id="strong-el-salvador-s-rebirth-vice-president-felix-ulloa-credits-bitcoin-adoption-strong">El Salvador's 'Rebirth': Vice President Felix Ulloa Credits Bitcoin Adoption</h2>Salvadoran Vice <a href="https://www.forbes.com/sites/digital-assets/2023/10/15/according-to-its-vice-president-bitcoin-adoption-is-helping-el-salvadors-rebirth/">President Felix Ulloa credits</a> the nation's "rebirth" to its historic decision to adopt Bitcoin as legal tender. He underscored its instrumental role in magnetizing both investors and tourists.&nbsp;In 2021, El Salvador carved its name in history by becoming the maiden country to <a href="https://cryptonews.com/news/el-salvador-serves-as-beachhead-bitcoin-battleground-says-samson-mow.htm">welcome Bitcoin as an official currency</a>, a move that drew skepticism from influential bodies like the International Monetary Fund.&nbsp;Yet, for Ulloa, this stride is commendable, pointing out the influx of investors intrigued by the nation's burgeoning digital economy.<figure class="media"><oembed url="https://twitter.com/zunairkh/status/1714387216146035018"></oembed></figure>Furthermore, he draws attention to the symbiotic relationship between Bitcoin and El Salvador's rejuvenated tourism sector.&nbsp;With Bitcoin's acceptance, tourists find transactions streamlined, bypassing the usual currency exchange hurdles.&nbsp;In Ulloa's perspective, the synergy of Bitcoin and tourism has been instrumental in El Salvador's resurgence, echoing sentiments previously voiced by President Bukele.<h2 id="strong-binance-us-subsidiary-halts-direct-dollar-withdrawals-strong">Binance US Subsidiary Halts Direct Dollar Withdrawals</h2>Binance's U.S. subsidiary, Binance.US, <a href="https://www.reuters.com/technology/crypto-giant-binances-us-affiliate-halts-direct-dollar-withdrawals-2023-10-17/">announced</a> on Monday a change in its withdrawal policy, no longer permitting direct dollar withdrawals for its users.&nbsp;This decision comes after Binance.US had previously suspended dollar deposits in early June, a response to the U.S. Securities and Exchange Commission (SEC) pushing for an asset freeze.&nbsp;According to the updated terms, users wishing to make U.S. dollar withdrawals must now first convert their funds into stablecoins or other digital assets.Reuters, seeking a comment on this development, has yet to receive a response from Binance.US. The backdrop to this situation traces back to June when the SEC initiated a lawsuit against Binance, its CEO Changpeng Zhao, and Binance.US.&nbsp;<figure class="media"><oembed url="https://twitter.com/Reuters/status/1714291830710526438"></oembed></figure>The regulatory body levelled allegations of deceptive practices, exaggerated trading volumes, and mismanagement of customer funds, with a total of 13 charges.&nbsp;This unfolding situation might sway Bitcoin (BTC) prices, potentially bolstering the appeal of stablecoins and other digital assets as alternatives to direct dollar withdrawals from the platform.<h2 id="strong-bitcoin-price-prediction-strong">Bitcoin Price Prediction</h2>On the 4-hour chart, <a href="https://cryptonews.com/news/bitcoin-news/">Bitcoin</a> is currently trading at $28,498.50, experiencing minor fluctuations over the past 24 hours.&nbsp;The key price levels to watch are a pivot point at $28,141, resistance levels at $28,634, $29,258, and $29,911, and support levels at $27,712, $27,144, and $26,576.&nbsp;Diving into the technical indicators, the RSI stands at 71, indicating that the asset is in the overbought region, which could hint at potential price consolidation or a slight pullback in the near term.&nbsp;The MACD, meanwhile, is showing a bearish sentiment as the main MACD line is currently below the signal line. This suggests that investors should remain cautious of potential trend reversals.&nbsp;<figure class="image"><img src="https://cimg.co/news/126535/334070/image-25.jpg" alt="" srcset="https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_1754_959.jpg 1754w, https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_1200_656.jpg 1200w, https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_900_492.jpg 900w, https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_720_394.jpg 720w, https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_600_328.jpg 600w, https://cimg.co/news/126535/334070/responsive-images/image-25___media_library_original_300_164.jpg 300w" width="1754" class="content-img"><figcaption>Bitcoin Price Chart - Source: Tradingview</figcaption></figure>Additionally, Bitcoin's price is currently above the 50 EMA, which is set at $27,611, pointing to a short-term bullish momentum.In conclusion, the overall trend for BTC/USD seems bullish, especially if the price remains above the $28,600 mark.The short-term forecast suggests that Bitcoin might attempt to breach the immediate resistance level of $28,634 in the forthcoming trading sessions.&nbsp;<h2 id="strong-top-15-cryptocurrencies-to-watch-in-2023-strong">Top 15 Cryptocurrencies to Watch in 2023</h2>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.&nbsp;Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.&nbsp;Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.<div class="raw-html-embed"><div style="background: #920047;margin-bottom: 20px;width: 50%;text-align: center;padding: 8px;border-radius: 5px;background-image: linear-gradient(107deg,#930046,#59008a);color: white;padding-left: 1em;padding-right: 1em; font-size: 16px;"><a style="text-decoration:none;color:white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex">See the 15 Cryptocurrencies</a></div></div><h2 id="strong-find-the-best-price-to-buy-sell-cryptocurrency-strong">Find The Best Price to Buy/Sell Cryptocurrency</h2><figure class="image"><img src="https://cimg.co/news/126535/334069/screenshot-1.jpg" alt="" srcset="https://cimg.co/news/126535/334069/responsive-images/screenshot-1___media_library_original_1152_448.jpg 1152w, https://cimg.co/news/126535/334069/responsive-images/screenshot-1___media_library_original_900_350.jpg 900w, https://cimg.co/news/126535/334069/responsive-images/screenshot-1___media_library_original_720_280.jpg 720w, https://cimg.co/news/126535/334069/responsive-images/screenshot-1___media_library_original_600_233.jpg 600w, https://cimg.co/news/126535/334069/responsive-images/screenshot-1___media_library_original_300_117.jpg 300w" sizes="100vw" width="1152" class="content-img"><figcaption>Cryptocurrency Price Tracker - Source: Cryptonews.com</figcaption></figure>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.
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Bitcoin Price Prediction: Fidelity Joins ETF Race, El Salvador's BTC 'Rebirth', Binance US Move

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