[Bitcoin price touches $43,000 as SEC Chair Gensler justifies the “new look” at spot BTC ETF](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-touches-43-000-as-sec-chair-gensler-justifies-the-new-look-at-spot-btc-etf-202312150058) Bitcoin price had a rather wild day on Thursday after the cryptocurrency oscillated in both upward and downward directions owing to mixed signals from the market.The Securities and Exchange Commission (SEC) Chair discussed the upcoming spot BTC ETFs, sharing insights on how their decision has been affected by the courts.[SafeMoon price crashes by 18% as it officially files for Chapter 7 bankruptcy](https://www.fxstreet.com/cryptocurrencies/news/safemoon-price-crashes-by-18-as-it-officially-files-for-chapter-7-bankruptcy-202312150021) SafeMoon price took the brunt on Friday after the company seemingly collapsed and filed for bankruptcy.The filing came a little over a month and a half after the US Department of Justice arrested key members of the company for defrauding their customers for millions of dollars.[Aave price could rise 7% as AAVE community approves ABE Governance V3 activation](https://www.fxstreet.com/cryptocurrencies/news/aave-price-could-rise-7-as-aave-community-approves-abe-governance-v3-activation-202312142200) Aave (AAVE) price is on course to recover the ground lost beginning early December after the decentralized finance (DeFi) token’s price was rejected from a barricade that has proved formidable time and again.As the token makes another attempt north, new bullish fundamentals could make the cause a success.Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
You should do your own thorough research before making any investment decisions.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.
All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.The author will not be held responsible for information that is found at the end of links posted on this page.If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
The author has not received compensation for writing this article, other than from FXStreet.FXStreet and the author do not provide personalized recommendations.
The author makes no representations as to the accuracy, completeness, or suitability of this information.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Shibarium transactions surpass milestone, exceed 105 million](https://www.fxstreet.com/cryptocurrencies/news/shibarium-transactions-surpass-milestone-exceed-105-million-202312141328) [](https://www.fxstreet.com/cryptocurrencies/news/shibarium-transactions-surpass-milestone-exceed-105-million-202312141328) Shiba Inu, one of the largest dog-themed meme coins in the crypto ecosystem, recently surpassed a key milestone.Shibarium, Shiba Inu’s scaling solution, has recorded a total of 105.95 million transactions as of Thursday.
[More Shibarium News](https://www.fxstreet.com/cryptocurrencies/news?q=shibarium&hPP=15&idx=FxsIndexPro&p=0) [Ethereum upgrade EIP-4844 to help ETH outperform Bitcoin in 2024: JP Morgan](https://www.fxstreet.com/cryptocurrencies/news/ethereum-upgrade-eip-4844-to-help-eth-outperform-bitcoin-in-2024-jp-morgan-202312141124) [](https://www.fxstreet.com/cryptocurrencies/news/ethereum-upgrade-eip-4844-to-help-eth-outperform-bitcoin-in-2024-jp-morgan-202312141124) Analysts at the Wall Street banking giant JP Morgan said in a research note that they believe Ethereum is poised to outperform Bitcoin in the first quarter of 2024, The Block reports.The bullish thesis for ETH stems from the upcoming EIP-4844 upgrade to Ether’s blockchain.[More Ethereum News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ethereum) [XRP price rally to $0.74 likely as crypto market recovers post FOMC meeting](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-eyes-comeback-to-074-in-marketwide-crypto-rally-post-fomc-meeting-202312140600) [](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-eyes-comeback-to-074-in-marketwide-crypto-rally-post-fomc-meeting-202312140600) The US Federal Reserve left interest rates unchanged in the December 13 Federal Open Market Committee (FOMC) policy meeting.With further interest rate hikes off the table, crypto market participants have reason to expect a rally in Bitcoin and altcoins.
[More Ripple News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ripple) [Ethereum price likely to consolidate as on-chain activity slumps and ETF gets delayed](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-likely-to-consolidate-as-on-chain-activity-slumps-and-etf-gets-delayed-202312140857) [](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-likely-to-consolidate-as-on-chain-activity-slumps-and-etf-gets-delayed-202312140857) Invesco Digital’s Ethereum spot ETF’s approval is delayed.Ethereum price is likely to hover between the $2,030 and $2,539 levels for the next few weeks.
On-chain metrics note a decline in user activity, which could add headwinds to the uptrend.[More Ethereum News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Ethereum) [BTC uptrend capped by supply barrier at $43,860 as FOMO fails to suffice](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-uptrend-capped-by-supply-barrier-at-43-860-as-fomo-fails-to-suffice-202312081903) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-uptrend-capped-by-supply-barrier-at-43-860-as-fomo-fails-to-suffice-202312081903) Bitcoin (BTC) price uptrend has sustained since mid-September on the weekly timeframe but has since slowed down following the lack of tailwinds to drive the market.All along, narratives, themes and speculation were the driving factors, inspiring a wave of fear of missing out (FOMO) in the market.As it turns out, FOMO is not enough anymore.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-uptrend-capped-by-supply-barrier-at-43-860-as-fomo-fails-to-suffice-202312081903).
