Marathon Sets Bitcoin Production Record, Celsius Unstaking Its Ether Holdings

Jan 5, 2024

Markets are responding to various economic data releases, which showed the unemployment rate holding steady at 3.7% vs. 3.8% exp., and U.S. ISM Services PMI coming in at 50.6 vs 52.5 exp. The DXY (-0.25%) initially surged over $103 following the employment data but has dropped to $102.2 following the PMI data release. Equity indices are gaining to end the week, with the SPY and QQQ both rising approximately 0.10%. Crypto investors are patiently waiting for news regarding potential Bitcoin ETF approvals, as some expect news today, while most anticipate early next week. BTC (-1.72%) is trading near $43.3k and ETH (-2.05%) is holding around $2220. Altcoins are generally underperforming this week as Bitcoin’s dominance ratio (BTC.D) has gained 3% amid heightened ETF anticipation, potentially setting the stage for a Bitcoin-led rally post-approval. 

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In

FS Insight footer logo

150 East 52nd St, 3rd Floor New York, NY 10022

SUBSCRIBE TO OUR FREE RESEARCH REPORTS

An institutional-grade report delivered to your inbox every week.

© 2025 FS Insight. All rights reserved.

Illustrations by Karl Wimer.