Bitcoin falls 9%, dropping below $42K amidst concerns about GBTC flows
Bitcoin falls 9%, dropping below $42K amidst concerns about GBTC flowsPrices fell significantly on Friday despite general optimism around Bitcoin ETFs.
Happy Saturday!The global crypto market cap is $1.68 trillion, with a 24-hour volume of $78.46 billion. The price of Bitcoin is $42,862.98, and BTC market dominance is 49.9%. The price of Ethereum is $2,558.22, and ETH market dominance is 18.3%. The best-performing sector is Gambling, which gained 7%. The Crypto Fear & Greed Index is currently Greed (64). Top News
Bitcoin falls 9%, dropping below $42K amidst concerns about GBTC flowsPrices fell significantly on Friday despite general optimism around Bitcoin ETFs. Gensler calls Bitcoin ETFs ‘ironic’ due to their centralized nature, responds to WarrenSEC Chair Gary Gensler emphasizes respect for legal rulings in approving Bitcoin ETFs, despite calling their centralized nature ironic. Jim Cramer calls “major top” for Bitcoin a week after praising its growthHis tweet, discussing insights from trader Larry Williams, marked a departure from his earlier bullish comments on Bitcoin. More NewsU.S. lawmakers demand investigation into SEC’s security practices following breachThe SEC's X account was hacked on Jan. 9 to post a fake ETF approval notice. Indians are turning to local exchanges amid clampdown on foreign platformsIndia has now banned foreign exchanges from operating in the country by blocking access to their websites and new application downloads. Genesis forfeits BitLicense, pays $8 million to settle NYDFS lawsuitThe NYDFS investigation into Genesis found major deficiencies in its compliance with financial regulations related to illicit financial activity.
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