Morgan Stanley believes Bitcoin, CBDCs have the potential to ‘de-dollarize’ the world
Morgan Stanley believes Bitcoin, CBDCs have the potential to ‘de-dollarize’ the worldMorgan Stanley said the dollar's global dominance is threatened by the rise of Bitcoin and the eventual proliferation of CBDCs.
Happy Tuesday!The global crypto market cap is $1.7 trillion, with a 24-hour volume of $59.29 billion. The price of Bitcoin is $43,309.04, and BTC market dominance is 49.8%. The price of Ethereum is $2,575.83, and ETH market dominance is 18.2%. The best-performing sector is Social, which gained 13%. The Crypto Fear & Greed Index is currently Greed (64). Top News
Morgan Stanley believes Bitcoin, CBDCs have the potential to ‘de-dollarize’ the worldMorgan Stanley said the dollar's global dominance is threatened by the rise of Bitcoin and the eventual proliferation of CBDCs. Record $1.6 billion of staked Ethereum redemptions led by Celsius and FigmentThe significant withdrawals had little impact on Ethereum's price which rose by around 12% during the period. Identifying potential ETF wallet addresses as Coinbase leads weekly BTC trading with $11.4 billion volumeCoinbase Prime's trading surge linked to ETF market activity with over $5 billion in Bitcoin wallet inflows and outflows within a week.
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More NewsShort-term holders drive Bitcoin’s post-ETF volatilitySpike in exchange inflows from short-term holders marks sharp response to Bitcoin ETF news. SEC agrees to delay Terra trial so that Do Kwon can attend proceedingsDespite the regulator's consent, the judge has not agreed to postpone the trial. South Korea looks to crackdown on crypto mixers via new regulationsThe Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission is spearheading the examination of potential regulatory frameworks. TUSD’s supply hits low as stablecoin struggles to maintain $1 pegTUSD instability prompts massive sell-off on various trading platforms. Tether challenges UN claims of USDT use in illegal activities, advocates for blockchain educationTether dismisses UN allegations, champions transparency and cooperation to deter crime.
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Bitcoin briefly dips below $42k, liquidates majority of long positions across exchanges
Monday, January 15, 2024
The flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million.
How Bitcoin correlates with traditional assets in the ETF age
Sunday, January 14, 2024
Glassnode and Coinbase Institutional report shows Bitcoin stands its ground as a diversifier among traditional assets.
Bitcoin falls 9%, dropping below $42K amidst concerns about GBTC flows
Saturday, January 13, 2024
Prices fell significantly on Friday despite general optimism around Bitcoin ETFs.
Grayscale transfers $200M Bitcoin to Coinbase Prime hinting at possible ETF redemption activity
Friday, January 12, 2024
Bitcoin ETFs see $720M inflow as Grayscale adjusts holdings with Coinbase transfer.
Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles market
Friday, January 12, 2024
Traders speculating on digital asset prices lost nearly $220 million during the past day.
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