The largest crypto asset by market capitalization climbed from below $46,000 earlier today to over $47,000, then accelerated, hitting a $49,042 during early U.S. trading session, according to CoinDesk Indices data, which collects pricing from multiple exchanges. Then, it gave up all its gains and buckled below $46,000. Source BitcoincryptoexchangeExchanges CryptoX Portal
The iShares Bitcoin Trust (IBIT), the spot offering from TradFi giant BlackRock, could end the first trading day with as much as a record $3 billion in inflows, according to cryptocurrency index provider CF Benchmarks, a subsidiary of crypto exchange Kraken that provides indexes for six of the newly launched ETFs, including BlackRock’s. Original
Renowned analyst Ted (@tedtalksmacro) has offered a detailed forecast for 2024 in the crypto market. His analysis on X (formerly Twitter) touches on several critical points, from macro events, the Bitcoin Halving to fresh liquidity in the market. This is going to be quite a long post, summing up 2023 and looking ahead to the themes to watch if you’re investing in 2024 – so please bare with me 🫡 ✅ Summing up 2023 – China printed almost $1 trillion dollars but failed to push their economy out of the…
ARK Invest CEO Cathie Wood has a “base case” for $BTC going to $600k by 2030 but a “bull case of $1.5m by 2030”. In a recent appearance on CNBC, Cathie Wood, CEO of Ark Invest, reaffirmed her optimistic 2030 Bitcoin price predictions. Wood’s projections include a bear case of $258,500, a base case of $682,800, and a bullish scenario of $1.48 million. Wood disclosed that 25% of her net worth is invested in Bitcoin. CEO of Ark Invest, Cathie Wood, doubles down on her 2030 #Bitcoin price predictions 🤯…
In the realm of financial advisory, AI has the potential to become an indispensable tool for financial advisors, a group whose work heavily relies on intellectual capabilities and knowledge-based decision-making. Generative AI, in particular, stands to augment financial advisors’ capabilities, while increasing efficiencies, enabling sophisticated management and utilization of their intellectual property (IP) when leveraged within secure, non-public domains. Source
Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval. On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE, and CBOE. BTC’s surge amounted to nearly a 10% increase in price, with Bitcoin’s market cap less than $100 billion away from becoming a $1 trillion asset. When this report was written, BTC’s price…
The approval of bitcoin ETFs reverberated across the landscape of stocks tied to crypto, leading JPMorgan to lay out which names can emerge as winner and losers. A rule change from the Securities and Exchange Commission released Wednesday night allow for bitcoin-focused exchange-traded funds, a move many see as a catalyst for regular investors to trade the digital currency. More than 10 firms are now in the process of launching bitcoin ETFs. Though the updated policy makes it easier to hold the currency itself, some finance stocks have already allowed…
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said. Source
According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval follows a decade-long pursuit of this type of product. One day later, CryptoQuant reported that the purchase of Bitcoin (BTC) had surged in direct response to this announcement, reporting the highest level since Mar.…
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday. Source