Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Fee Wars Begin, Flows Data Turns Positive

Jan 8, 2024
Author
Sean Farrell
Sean Farrell AC
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, up 14%, and $SOL has recouped a considerable portion of its recent decline, increasing by 7%. In traditional markets, there's been a decrease in rates after the sharp rise at the start of the year. The DXY is on a downward trend, approaching 102, while major equity indices, particularly tech stocks, are advancing. Beyond the potential ETF approval, key focuses for this week include gaining more clarity on the timeline between 19b-4 approval and launch, and observing how markets respond to this timeline. Concurrently, the first CPI release of the year, due on Thursday, could influence the market's current expectations of rate cuts.This morning, spot Bitcoin ETF issuers filed their revised S-

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Andre Francois Mckenzie Vh7U Z75L3U Unsplash

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH -0.54% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC -2.34% to Bitstamp, leaving about 90k BTC -2.34% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -2.34% is trading around $66.5k,...

AVAX -8.88% BTC -2.34% ETH -0.54% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL -3.61% TSLA +4.96% V +0.26%
All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

CRYPTO MARKET UPDATE POLITICAL DEVELOPMENTS CONTINUE TO DOMINATE INVESTOR SENTIMENT FOLLOWING PRESIDENT BIDEN'S WITHDRAWAL FROM THE PRESIDENTIAL RACE ON SUNDAY AFTERNOON. The initial market reaction saw a dip in crypto prices, with Bitcoin falling from $67.5k to $66k. However, the market rebounded after Biden endorsed Harris. Since the U.S. market opened on Monday, we have seen relatively choppy price action. BTC -2.34% is now trading slightly above $67k, while ETH -0.54% remains...

BITI BTC -2.34% ETH -0.54% OP -4.99% SOL -3.61% USDY -0.49%
Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 0.97%  AND QQQ 1.40%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC -2.34% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -0.54% is trading at $3,450 ahead of potential S-1 approval after...

BONK -5.16% BTC -2.34% DXY N/A% ETH -0.54% JUP -8.65% QQQ +1.4% SOL -3.61% SPY +0.97% WIF -4.22%
Art Rachen YJpjLD3c9bU Unsplash

CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC -2.34% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -2.34% ETFs. ETH -0.54% is showing outsized strength, likely due to ETF issuers filing their final documents yesterday afternoon, with the ETF launch expected on Tuesday (more on...

BTC -2.34% ETH -0.54% ETHBTC JUP -8.65% SOL -3.61% USDT -0.01% WIF -4.22%
FS Insight

Sign in to read the report!

We have detected you are an active member!

or

Sign in with Google

Sign in with Twitter
Ray: 30f886-168573-4a39f2-b1ca6b-006cca