Grayscale GBTC investors still in profit with average cost basis 20% below current prices
Grayscale GBTC investors still in profit with average cost basis 20% below current pricesData suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.
Happy Wednesday!The global crypto market cap is $1.56 trillion, with a 24-hour volume of $58.01 billion. The price of Bitcoin is $39,990.45, and BTC market dominance is 50.3%. The price of Ethereum is $2,231.51, and ETH market dominance is 17.2%. The best-performing sector is Cannabis, which gained 11%. The Crypto Fear & Greed Index is currently Neutral (48). Top News
Grayscale GBTC investors still in profit with average cost basis 20% below current pricesData suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82. IRS adds cryptocurrency income tax question to four more tax formsThe question applies to all taxpayers and is unrelated to a controversial $10k rule. Coinbase’s Base leverages Chainlink technology to enhance developer capabilitiesChainlink Automation offers Web3 developers a 90% reduction in gas fees while maintaining blockchain standards. SEC has a ‘hard no’ stance on spot Ethereum ETFs, but issuers are optimistic: FOX reporterFOX Business' Eleanor Terrett relayed comments from various sources today. Latest Insights
More NewsUnderstanding the differences in Bitcoin futures on Binance and CMECryptoSlate explores the differences between CME and Binance that could push Binance to take the lead as the largest Bitcoin futures trading platform on the market. SEC maintains pressure for Ripple’s financial records in legal disputeThe SEC maintained that its demands for Ripple's audited financial documents were "relevant" to the case. Ethereum validators’ reliance on Geth sparks client diversity push by CoinbaseCommunity members have raised concerns that Geth's dominance poses issues for Ethereum network. BIS to focus on tokenization, CBDC as part of 2024 strategyThe 2024 roadmap points to a continuation of the watchdog's engagement with digital financial technologies. Bitwise CIO says Bitcoin’s dip driven by ETF overenthusiasm, not Grayscale outflowsThe Bitwise investment chief also clarified that the recently launched Bitcoin ETFs are net buyers of the top cryptocurrency.
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Bitcoin falls below key $40k threshold amid continued sell off
Tuesday, January 23, 2024
The decline to around $40000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Bitcoin ETFs buy 95,000 BTC as assets under management hit $4 billion
Monday, January 22, 2024
Growing investor appetite evident as "Newborn Nine" Bitcoin ETFs accumulate $4 billion in assets under management.
Bitcoin ETFs: An in-depth look at the first 5 days of trading
Sunday, January 21, 2024
We explore the first 5 days of Bitcoin ETF trading, analyzing their inflows and implications on the broader market.
Franklin Templeton CEO says ETF has shown ‘demand’ for Bitcoin is ‘everywhere’
Saturday, January 20, 2024
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system.
If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why
Friday, January 19, 2024
A fun exploration into why Bitcoin liquidity is not the same as other commodity ETFs.
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President Trump To Privately Meet With Coinbase CEO
Monday, November 25, 2024
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Mingdao: Transforming Illusions into Reality - Discussing MicroStrategy's Grand Strategy
Monday, November 25, 2024
MicroStrategy has truly hatched the biggest golden egg in this crypto cycle, with paper profits exceeding $15 billion in less than two years. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Finish signing in to Crypto.com DeFi Research
Monday, November 25, 2024
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Polymarket: A revolution in prediction markets
Sunday, November 24, 2024
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Sunday, November 24, 2024
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Blockchain Association urges Trump to tackle crypto reform in first 100 days
Saturday, November 23, 2024
The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Saturday, November 23, 2024
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