Bitcoin ETFs in the U.S. saw inflows of around $409 million yesterday as BlackRock recorded a purchase of roughly $160 million Bitcoin by adding a further 4,080 coins to its balance. Data shared by Bloomberg analyst James Seyffart last night, Jan. 23, revealed $515 million in outflows for Grayscale with $249 million inflow from the
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Bitwise chief investment officer Matt Hougan attributed the recent decline in the crypto market to overinflated expectations regarding the potential impact of the newly launched Bitcoin exchange-traded funds (ETFs). In a Jan. 23 post on X (formerly Twitter), Hougan explained that the current market sell-off is driven by what he terms an “ETF Expectations-led” phenomenon.
The post Bitwise CIO says Bitcoin’s dip driven by ETF overenthusiasm, not Grayscale outflows appeared first on CryptoSlate.

Bitcoin’s price reclaimed the $40,000 threshold after trading below the mark during the last two days. According to CryptoSlate’s data, the top cryptocurrency spiked by around 4% during the last 24 hours, peaking at nearly $40,500 today, Jan. 24, before slightly retracing to $39,997 as of press time. Experts have attributed BTC’s poor performance during
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With Bitcoin down some 20% from its year-to-date high, it’s often helpful to zoom out and look at the broader picture. I have a saved chart of all the tokens listed in the Coinbase and Binance lawsuits filed (C&B suits) on June 6 and June 5, 2023, respectively, and their prices as denominated in Bitcoin.
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Quick Take Bitcoin’s long-term holders (LTHs), those who have held for more than 155 days, have traditionally been perceived as the ‘smarter money’ due to their experience weathering Bitcoin volatility. Key to their strategy is buying Bitcoin during price slumps and offloading during market euphoria. However, observed recent trends hint at a shift. Data analysis
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As the Grayscale Bitcoin outflows continue, the fund today, Jan. 24, sent a further 19,236 BTC valued $754,782,168 at according to the current CF Benchmark Net York Variant Index rate of $39,238. According to Arkham Intelligence data this brings the total outflows from the fund to Coinbase Prime to 93,700 BTC ($3.68 billion) since Jan.
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Dr. Craig Wright, the controversial Australian computer scientist, has backtracked from his impending legal battle with the Crypto Open Patent Alliance (COPA) by proposing a settlement offer for the trial. According to a Jan. 24 statement, Wright’s proposed offer includes the relinquishment of database rights and copyright claims on “Bitcoin Core (BTC), Bitcoin Cash (BCH),
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Popular NFT project OnChainMonkey (OCM) has unveiled KARMA tokens as part of its efforts to expand its burgeoning ecosystem, according to a Jan. 24 statement shared with CryptoSlate. OCM explained that KARMA is strategically designed to elevate its brand presence and capture the market’s attention towards its platform. The digital asset is poised to play
The post OnChainMonkey introduces KARMA tokens, aims to bolster ecosystem with strategic airdrop appeared first on CryptoSlate.

Several critical stats soared in the last week, contributing to Solana’s NFT ecosystem’s flourishing. This occurred as the value of its native token dropped by more than 5% in the last 24 hours. According to CryptoSlam’s research, Solana’s NFT ecosystem saw development in many areas within the last week. Its

SEC Commissioner Hester Peirce noted that the agency doesn’t plan to face another court case to approve such products