U.S. economic data on Thursday has sent rates and the dollar higher.
Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed’s willingness to begin cutting rates.
Billionaire Hedge Funder Bill Ackman Mulls Bitcoin
The activist investor has previously mostly steered clear of any involvement in crypto.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
Bitcoin Tops $57K as Rally Picks Up Steam
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
Bitcoin Pushes Through $50K for First Time Since Late 2021
The world’s largest crypto has now roughly tripled in price in 2023, surely signaling the end of the industry’s long bear market.
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
U.S. Added 353K Jobs in January, Blowing Past Estimates
The latest update on the labor market came less than two days after the Fed’s Jerome Powell poured cold water on market hopes of a rate cut in March.
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
Bitcoin Could Fall Back to Mid-$20K Area: Chris Burniske
The former crypto lead at Cathie Wood’s Ark Invest says it “takes time for partiers to sober up.”
Grayscale’s GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.
Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
Bitcoin Plunges Below $41K as ‘Sell the Bitcoin ETF News’ Wins the Day
Despite sizable net inflows into the new spot ETFs, bitcoin is lower by more than 12% since the products began trading one week ago.
Bitcoin ETF Net Inflows Near $1B After Three Days
Grayscale’s GBTC has seen sizable outflows as investors cash following its conversion to a spot ETF.
U.S. 216K Jobs Adds in December Tops Estimates for 170K
The closely watched report
Bitcoin Starts the New Year Rising Past $45K, Highest Level Since April 2022
Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.
Bitcoin Spot ETF Biggest Development on Wall Street in Last 30 Years, Says Michael Saylor
A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he told Bloomberg.
Crypto Market Outlooks for 2024 from a16z, Fidelity, Coinbase, Pantera and More
Also among those gazing into next year are a16z, Bitwise, VanEck and Hashdex.