Coinbase Downgraded to Underweight; Bitcoin ETF Catalyst May Disappoint: JPMorgan
The bitcoin ETF catalyst that pushed the ecosystem out of its crypto winter last year will disappoint investors in 2024, the report said.
Financial
Bitcoin
Financial
Bitcoin Under $39K As ETF Debut Continues To Be a ‘Sell-the-News’ Event
BTC was down nearly 5% in the past 24 hours, reaching its lowest level in two months. The CoinDesk 20, a liquid index of the highest tokens by market capitalization, fell 7%.
Financial
Bitcoin-Based Digital Art Image ‘Genesis Cat’ Sells for $254K in Sotheby’s Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain’s Ordinals protocol. All in, some 19 lots sold by Sotheby’s raked in a combined $1.1 million.
Financial
Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Financial
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
Financial
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
Financial
Solana (SOL), Cardano (ADA) Lead Crypto Market Lower as Traders Grapple With BTC Headwinds
CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
Financial
Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs
Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.
Financial
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
The latest price moves in crypto markets in context for Jan. 19, 2024.
Financial
ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.