Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences
Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.
Bitcoin
Bitcoin ETFs Approved: The Industry Reacts
In a milestone for crypto adoption, the SEC today approved the trading of Bitcoin exchange-traded funds (ETFs). CoinDesk rounded up reaction from across the crypto industry to the news.
Bitcoin Jumps, Then Dumps to $45K as Fake News About Spot Bitcoin Approval Liquidates $50M
The immediate price reaction showed that bitcoin’s price might be capped if a real approval arrives, one analyst noted.
Spot Bitcoin ETF Approval Will Trigger ‘Selling Pressure’ on CME Futures Market: K33
Bitcoin futures’ open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.
First Mover Americas: Bitcoin Holds Above $46K Amid ETF Anticipation
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
‘Grayscale Discount’ Sinks to Lowest in 18 Months on Bets for GBTC Conversion to Bitcoin ETF
Data shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
Jim Cramer Now Says Bitcoin Is ‘Topping Out’
Cramer’s picks have the tendency to move in the opposite direction he touts.
BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
Mysterious $1.2M Bitcoin Transaction to Satoshi Nakamoto Sparks Speculations
The wallet receiving the hefty payout is the address that mined the Bitcoin network’s first-ever block reward some 15 years ago, commencing the start of the blockchain.
First Mover Americas: It’s ETF Deadline Week
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.