Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | January 25, 2024
2024-01-25 12:16:11
GBTC Experiences Withdrawal of Over 80,000 Bitcoin in a Span of 12 Days
Recent data indicates a significant decrease in Grayscale's Bitcoin Trust (GBTC) holdings. In a single day, from Tuesday to Wednesday, GBTC's bitcoin total diminished from 552,681.22 to 536,694.93, reflecting a substantial outflow of 15,986.29 bitcoins.
Hashkey Capital and FTSE Russell Debut Trio of Indices for Diverse Crypto Asset Tracking In a collaborative effort, Hashkey Capital and FTSE Russell, part of the London Stock Exchange Group, have introduced three indices focused on cryptocurrency tracking. These indices offer investors and traders a comprehensive means to observe a broad spectrum of digital assets within different sectors of the cryptocurrency market. Arkham Unveils Onchain Addresses Connected to Four Key Bitcoin ETFs, Increasing Market Transparency Arkham, a company specializing in onchain intelligence, announced on January 23 the identification of four distinct address clusters linked to new spot bitcoin ETFs. These addresses are connected to leading fund managers, including Blackrock, Fidelity, Bitwise, and Franklin Templeton, providing a deeper understanding of the activities and strategies of these key financial entities. Microsoft Exceeds $3 Trillion Market Valuation Driven by Booming AI Investments Microsoft briefly attained a $3 trillion global valuation on January 24, becoming just the second company to reach such a valuation. This notable accomplishment is largely due to advancements in artificial intelligence (AI) and the market growth triggered by OpenAI's ChatGPT launch last year, highlighting Microsoft's prominent role in the AI industry. Bloomberg Expert Predicts Gold to Excel Beyond Bitcoin in 2024 Performance Mike McGlone of Bloomberg Intelligence warns that macroeconomic elements may dampen Bitcoin's value in 2024, challenging positive predictions. He foresees Bitcoin's performance trailing behind the stock market when adjusted for risk. Highlighting Bitcoin's volatility, McGlone notes, "When the stock market and beta decrease, Bitcoin's decline is often more pronounced." 100K BTC Purchased by Nine New Spot Bitcoin ETFs Within Seven Days of Debut Nine newly launched spot Bitcoin ETFs swiftly amassed 100,000 BTC in their first seven days, surpassing half (53%) of the total Bitcoin acquired by prominent investor MicroStrategy over three years. By December 26, 2023, MicroStrategy had accumulated a Bitcoin portfolio of 189,150 BTC, highlighting the significant scale of the ETFs' initial acquisition. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
