First Mover Americas: Explaining Bitcoin’s Sudden Drop
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Bullish Bitcoin Market Sentiment at Display as ‘Buy the Dip’ Mentions Soar
Buying the dip is one of the most famous narratives in the crypto community, indicating an intention to purchase the token when the price drops.
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don’t Need Green Light From SEC
RDC’s aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Bitcoin Could Rally to $50K as Gensler Faces Pressure to Approve ETF, Traders Say
Major tokens solana (SOL), ether (ETH) and Cardano’s ADA started to stabilize early Thursday after dropping more than 10% in the past 24 hours.
Cathie Wood’s ARK Invest Offloads $25M of Coinbase Shares
Coinbase’s Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market’s rally halted.
Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There Is a Catch
Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets.
‘Deniers Are Crypto’s Flat Earthers’ as Markets Flash 83% Odds of Bitcoin ETF Approval
The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.
The Protocol: Is Solana’s Rebound The Real Thing?
Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem.
Goldman Sachs Eyeing Bitcoin ETF Role Via BlackRock and Grayscale: Sources
Goldman Sachs is in talks to play the key role of being an “authorized participant” for BlackRock and Grayscale’s bitcoin ETFs, if the SEC approves them, according to people familiar with the situation.