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Grayscale’s Bitcoin Trust (GBTC) Sees Decrease in Bitcoin Holdings While New ETFs Gain Momentum

GBTC's Bitcoin Holdings Decline In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin […]

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SEC Drops Lawsuit Against Crypto Startup Debt Box Due to Inaccuracies in Court

The SEC's Decision to Abandon the Lawsuit The U.S. Securities and Exchange Commission (SEC) has made the decision to drop its lawsuit against Debt Box, a crypto startup that was previously accused of defrauding investors of millions of dollars. This move by the SEC comes after the agency admitted to providing misleading information in court,

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Chinese Investors Turn to Cryptocurrency Amid Slump in National Stock Market

Chinese investors are increasingly diversifying their portfolios by investing in cryptocurrency, seeking profitability in the face of a slump in the national stock market. Despite the ban on purchasing and trading cryptocurrency since 2021, Chinese investors have found alternative ways to allocate a significant portion of their assets to crypto. Chinese Investors and Cryptocurrency Reports

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Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses

Peter Schiff Predicts Deeper Losses for Spot Bitcoin ETFs Peter Schiff, a well-known gold bug and economist, has issued a warning about spot bitcoin exchange-traded funds (ETFs), stating that they are currently in bear markets. Specifically, Schiff highlighted the Proshares Bitcoin Strategy ETF, which has experienced a decline of over 50% in the span of

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Deciphering BTC’s Complex Market Behavior: Bitcoin Technical Analysis

Introduction Bitcoin's price dynamics on January 24, 2024, reveal a complex market scenario with fluctuations and changes in investor sentiment. The cryptocurrency's value has oscillated between $39,878 and $40,069 in the past hour, with a broader 24-hour range of $38,505 to $40,515, showcasing significant volatility. Bitcoin's Market Capitalization and Trade Volume Bitcoin currently boasts a

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Michael Howell of Crossborder Capital: The Impact of Rising Global Liquidity

Introduction Michael Howell, the founder and CEO of Crossborder Capital, is a veteran in global finance. With over $1 billion assets under management, his London-based independent research and investment company has established itself as a prominent player in the industry. Howell's expertise lies in analyzing global liquidity trends and their impact on the market. In

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Mad Money Host Jim Cramer Predicts Start of Bitcoin Selloff

Renowned CNBC Mad Money show host, Jim Cramer, has issued a warning regarding a potential selloff in Bitcoin. While advising caution to investors interested in Bitcoin and the recently launched spot Bitcoin exchange-traded funds (ETFs), Cramer stated, "I don't hold the same strong opposition to these new investment vehicles as Gary Gensler does… Bitcoin has

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