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Dymension CEO Predicts Rollapp Summer, AltLayer Airdrop

Jan 26, 2024
Market Update The S&P is extending its weekly gains bolstered by positive economic data, marking a record high for the fifth day in a row, a streak last seen in November 2021. Encouraging economic indicators included December's core personal consumption expenditures index, meeting monthly forecasts but slightly below yearly expectations. This followed Thursday's GDP data showing stronger-than-expected growth in Q4, boosting investor confidence. Yesterday, U.S. spot Bitcoin ETFs saw the largest single-day new net outflows (-$158m), led by significant withdrawals from Grayscale's GBTC. Data from Bloomberg Intelligence's James Seyffart shows that while ten spot Bitcoin ETFs initially attracted inflows, they were offset by a $429 million net outflow from GBTC. The total Bitcoin holdings across all spot ETFs dropped to around 649,000 BTC, a decrease of over 11,000 BTC from the previous week. Despite this, BlackRock's IBIT and Fidelity's FBTC ETFs are seeing positive growth, each holding over 40,000 BTC and nearing $2 billion in assets under management. $BTC is pulling the market higher today, rising 5.8% in the last day to $41.9k. While GBTC selling has dragged the market lower, we have noted that the volume of outflows has begun to trend lower, potentially signaling a shift to net p

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Andre Francois Mckenzie Vh7U Z75L3U Unsplash

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 0.53% 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 -2.51% to Bitstamp, leaving about 90k BTC -2.51% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -2.51% is trading around $66.5k,...

AVAX -6.99% BTC -2.51% ETH 0.53% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL -3.10% 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 -2.51% is now trading slightly above $67k, while ETH 0.53% remains...

BITI BTC -2.51% ETH 0.53% OP -1.49% SOL -3.10% USDY -0.51%
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 -2.51% 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 0.53% is trading at $3,450 ahead of potential S-1 approval after...

BONK -6.88% BTC -2.51% DXY N/A% ETH 0.53% JUP -8.65% QQQ +1.4% SOL -3.10% SPY +0.97% WIF -7.04%
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CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC -2.51% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -2.51% ETFs. ETH 0.53% 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 -2.51% ETH 0.53% ETHBTC JUP -8.65% SOL -3.10% USDT -0.01% WIF -7.04%
FS Insight

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