Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week. Go to Source Powered by WPeMatico
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Grayscale ETH trust nears record 60% discount as nerves continue over DCG
Grayscale’s Ethereum, Litecoin and Bitcoin Cash Trusts are at steep discounts as concerns whirl around Digital Currency Group’s liquidity. Go to Source Powered by WPeMatico
3 reasons why Bitcoin is likely heading below $16,000
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers’ demand, and fearful BTC option traders. Go to Source Powered by WPeMatico
BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount. Go to Source Powered by WPeMatico
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
The proposed offer would require both SEC relief and shareholders’ approval. Go to Source Powered by WPeMatico
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time. Go to Source Powered by WPeMatico
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement. Go to Source Powered by WPeMatico
Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust
After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to … Read more
Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC
BTC price bear market bottom targets continue to flow in below $14,000 despite Bitcoin rebounding above $16,000. Go to Source Powered by WPeMatico
Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price. Go to Source Powered by WPeMatico
