BitDigest January 26 · Issue #828
- Crypto prices slide over night dropping total market cap back below $950 billion
- Band of England’s governor does not believe any existing cryptocurrencies are structured to survive
- India’s Central Bank says it is exploring a digital fiat
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies experienced a massive one-day decline dropping to 40 on January 22nd as bitcoin traded around $30,000 but has recovered and is now posting a 71, falling 9 points compared to last week to coincide with the 10% decline of bitcoin during the same period.
Correction
In yesterday’s update, I provided the wrong link forValyrie Funds. The correct link is https://www.valkyriefunds.io/.
The Headlines
No Existing Cryptocurrency is Structured to Survive Over Long Term
RBI Exploring CBDC
BSP Approves Crypto Framework
MARA Buys $150 Million in Bitcoin
Overstock Spinning Out Medici Ventures
Diginex FormsStrategic Partnership with GSR Markets
The9 Signs Agreement to Purchase Mining Rigs
University Endowments Buying Crypto
Quorum to be Added to China's BSN
Grayscale Donates $1 Million to Coin Center and Pledges to Match Addition $1 Million
MicroStategy to Share Bitcoin Playbook
Market Data
BTC Mining Difficulty Hits Another High
Ripple Scales in 2020
Thoughts on the Ecosystem
Bitcoin is the Best Hedge Against Inflation
Bitcoin Failing to be a Currency
Insurers 'Funding Organized Crime' by Paying Ransomware Claims
Reports you may have missed
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We are witnessing a continuation of the recent weakness in crypto markets today, with BTC -4.34% now testing $60k, ETH -2.80% just below $3k, and SOL 3.17% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...
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