First Mover Americas: Bitcoin Hovers Around $59K to End Week
Bitcoin price approach $60,000 then dip, JPMorgan cautious on retail investors' impact, Coinbase sees impressive Q1 performance, and Friend.Tech token drops sharply. [ more ]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says
Bitcoin has dropped over 15% since the launch of spot ETFs, with $1.5 billion flowing out of the Grayscale Bitcoin Trust (GBTC).
GBTC investors have been taking full profit post-ETF conversion by exiting the bitcoin space entirely rather than shifting to cheaper spot bitcoin ETFs. [ more ]