If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why
If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s whyA fun exploration into why Bitcoin liquidity is not the same as other commodity ETFs.
Happy Friday!The global crypto market cap is $1.59 trillion, with a 24-hour volume of $66.29 billion. The price of Bitcoin is $40,321.87, and BTC market dominance is 49.7%. The price of Ethereum is $2,420.85, and ETH market dominance is 18.3%. The best-performing sector is Virtual Reality, which gained 855%. The Crypto Fear & Greed Index is currently Neutral (51). Top News
If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s whyA fun exploration into why Bitcoin liquidity is not the same as other commodity ETFs. SEC delays Fidelity’s Ethereum spot ETF, but decisions are still expected in MayThe delay only requires the SEC to begin proceedings around Fidelity in March. Bitcoin drops 3.5% to $41K as spot Bitcoin ETF hype fades, GBTC outflows continueBTC is currently at its lowest price since Dec. 18, 2023. Latest Insights
More NewsRoundhill introduces covered call Bitcoin ETF, a first for the U.S. marketThe fund in part holds shares of ProShares' Bitcoin futures ETF (BITO). How growing U.S. interest shaped Bitcoin’s price ahead of the ETFThe extent of U.S. dominance in financial markets is seen in Bitcoin's price increase leading up to the launch of spot ETFs. Fidelity’s Bitcoin ETF joins the $1 billion club in alongside BlackRockOutflow from Grayscale's GBTC has crossed the $2 billion mark within the first week of trading. Op-ed: A crypto workforce is the key to Argentina’s economic recoveryPresident Milei's crypto reforms may help catalyze Argentina's economic rebound. Ethereum outpaces Bitcoin post-ETF launch as ETH/BTC ratio skyrocketsEthereum's value surged relative to Bitcoin as the ETFs failed to create a price rally.
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JPM’s Jamie Dimon believes Satoshi Nakamoto will either increase or “erase” Bitcoin supply
Thursday, January 18, 2024
The JPMorgan CEO's unfounded theories on Bitcoin have attracted massive backlash.
BlackRock’s IBIT continues to lead Bitcoin ETF volume among ‘Newborn Nine’
Wednesday, January 17, 2024
Spot Bitcoin ETFs have recorded roughly $500 million in trading volume on the third day of trading, as of press time.
Morgan Stanley believes Bitcoin, CBDCs have the potential to ‘de-dollarize’ the world
Tuesday, January 16, 2024
Morgan Stanley said the dollar's global dominance is threatened by the rise of Bitcoin and the eventual proliferation of CBDCs.
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.
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