GBTC has reported another $515 million in outflows on January 23, taking the total outflows to $3.4 billion since its conversion to spot ETF earlier this month. Nine other recently approved spot Bitcoin ETFs recorded a total of $249 million in inflows.
In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03 percent decrease.
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent to the $38,000 level.
Bitcoin (BTC) is facing another wave of volatility falling below the $39,000 mark on Tuesday, a 4.33% slump in the past 24 hours. The largest crypto by market cap is currently trading at $38,955 at press time.
The US Securities and Exchange Commission (SEC) has revealed that its social media account on X fell victim to a “SIM swapping” attack in relation to the false post about the approval of Bitcoin exchange-traded funds (ETFs) earlier this month.
In a mysterious development, someone has airdropped 21,000 digital inscriptions, known as RSICs, to the Bitcoin Ordinals community as part of a Bitcoin game promotion.
Famed money manager Cathie Wood’s investment firm bought an extra $21m of its bitcoin-based spot ETF on Monday, bringing its total purchases in the fund to around $64m.
As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.
Mt. Gox is expected to continue repaying creditors throughout 2024. This was revealed through emails showing the defunct exchange confirming user Bitcoin accounts ahead of the next repayment phase.
In the In the dynamic world of cryptocurrency, Bitcoin’s price prediction remains a topic of keen interest. As of recent observations, Bitcoin is trading around $40,104, marking a decrease of 2.80%. This movement comes amidst significant events in the crypto space, including the involvement of major ETFs like Blackrock and Fidelity in Bitcoin accumulation, holding nearly $2.6 billion in BTC.
The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy.