Fee Wars Begin, Flows Data Turns Positive
Jan 8, 2024
Market Update Bitcoin continues to slowly chop higher ahead of this week's highly anticipated decision from the SEC regarding the Bitcoin spot ETF. On Friday, issuers submitted their final 19b-4 forms, and this morning, all the S-1 forms were filed, offering a glimpse into the emerging fee war. Bitcoin is currently trading just above $46k. Meanwhile, $ETH is up 4%, reclaiming the $2300 level. Following a mild pullback across the altcoin market, there has been a rebound in some of the recently strong names, with $STX notably up 17% over the past 24 hours. $INJ has also seen a significant rise,