Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
Measures taken by the People’s Bank of China to cushion yuan against the stock market slide could weigh over bitcoin’s price.
U.S., U.K., Australia Sanction Hamas-Affiliated Crypto Transaction Facilitators
The U.S. and other governments are adding a number of Hamas-affiliated financiers to a global financial blacklist, the Treasury Department’s sanctions watchdog announced Monday.
First Mover Americas: Solana, Cardano Lead Losses as Market Starts Week in the Red
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana, Cardano Lead Crypto Market Lower as Traders Grapple With Bitcoin Headwinds
CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
Crypto Backers B. Riley and Nomura Entangled in SEC Probe: Bloomberg
Investment bank B. Riley is under an undisclosed investigation from U.S. authorities for its deals with Brian Kahn, an alleged co-conspirator in a U.S. Department of Justice criminal case.
Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs
Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.
Why Indonesia’s Upcoming Elections Could Make or Break the Country’s Vibrant Crypto Sector
Not all leading candidates have been vocal about crypto – but scattered remarks offer clues about where the industry might be headed under their leadership.