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Bitcoin could reach $150,000 this cycle, and if it goes above that price level, will probably come “back down through it,” says Glassnode analyst James Check.
Thorchain is facing a severe debt crisis and urgently needs to address these issues to avoid bankruptcy.
We can expect more internet companies to exit the historical stage by leveraging Crypto for a resurgence. These companies, if they embody traits such as being a pioneer in a certain field, being historically or currently well-known, and having relevance to Crypto, are more likely to participate in this game.
XRP struggles to sustain momentum, risking a 13% drop to $2.73 support. Recovery could pave the way for new all-time highs.
- 02:22Nasdaq applies to the SEC for permission to allow physical transfer of iShares Bitcoin TrustAccording to The Block, the Nasdaq Stock Market (Nasdaq) has submitted a rule change proposal to the U.S. SEC to update the regulations related to iShares Bitcoin Trust. This update will allow for transfers of trust bitcoins in a "physical transfer" manner. According to the new document, "The exchange now proposes amendments to statements about trust creation and redemption processes in previous rule documents, so as to list and trade shares, especially allowing physical transfer of bitcoin from the trust." "The proposed physical transfer process will become an alternative option for the current cash creation and redemption process of the trust." Bloomberg ETF analyst James Seyffart tweeted that potential revision procedures do not mean individual investors can carry out “physical” redemptions and creations; only authorized participants can do so.
- 02:22CryptoQuant: Since the US election, large investors' Bitcoin holdings have increased from 16.2 million to 16.4 million BTCAccording to CryptoQuant analysis, since the U.S. election, large investors have been driving up the price of Bitcoin. The holdings increased from 16.2 million BTC to 16.4 million BTC. Meanwhile, small investor holdings decreased from 1.75 million BTC to 1.69 million BTC.
- 02:19Yesterday, ARKB had a net inflow of 168.7 million US dollarsGolden Finance reports that on January 25, according to data from FarsideInvestors, ARK's spot Bitcoin ETF ARKB had a net inflow of $168.7 million yesterday.