Bitcoin Crosses $46K as Year of 'Long' Begins, Easing ETF Selloff
Bitcoin historically sees gains around the Chinese New Year period.
Sources of selling pressure have eased while BTC prices have increased, suggesting demand.
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Crypto lender Genesis has filed a motion to sell over $1.6 billion in Bitcoin, Ethereum, and Ethereum Classic held in Grayscale's trust products.
The approval of the motion could lead to significant selling pressure on Bitcoin, as seen in a previous instance of a bankrupt exchange selling over $1 billion worth of GBTC holdings.
Bitcoin Rebounds as $150K Target for 2024 Comes in View
Selling pressure driven by profit-taking and miners offloading bitcoin holdings
Bitcoin price surge fueled by buying demand and reset in funding rates
JPMorgan suggests that selling pressure in bitcoin caused by profit-taking from the Grayscale Bitcoin Trust may be largely over.
The conversion of GBTC to an ETF has resulted in significant outflows, with around $4.3 billion already leaving the fund.
Bitcoin Crosses $46K as Year of 'Long' Begins, Easing ETF Selloff
Bitcoin historically sees gains around the Chinese New Year period.
Sources of selling pressure have eased while BTC prices have increased, suggesting demand.
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Crypto lender Genesis has filed a motion to sell over $1.6 billion in Bitcoin, Ethereum, and Ethereum Classic held in Grayscale's trust products.
The approval of the motion could lead to significant selling pressure on Bitcoin, as seen in a previous instance of a bankrupt exchange selling over $1 billion worth of GBTC holdings.
Bitcoin Rebounds as $150K Target for 2024 Comes in View
Selling pressure driven by profit-taking and miners offloading bitcoin holdings
Bitcoin price surge fueled by buying demand and reset in funding rates
Ethereum Price Prediction July 2024 and a New Multi-Chain Presale Opportunity
Golem transferred $100 million worth of Ethereum to major exchanges during price decline, raising concerns about selling pressure and potential impact on ETH's price.