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Happy Tuesday Folks! Bitcoin is trading down at $42,766.42. Bitcoin once again pulls back as the week begins. Let's get on with the news...
SUMMARY
Yesterday, we learned that Bitcoin added 70,000 millionaires in 2023.(2) Today, Mt. Gox creditors on Reddit claim they've begun receiving payments from the exchange, nearly 10 years after it first shut down.(7)
JUST IN: Grayscale execs Barry Silbert, Mark Murphy quit board of directors.(5)
James Butterfill reports a reversal in the cryptocurrency market, with a notable influx of US$103 million last week and despite a $16 million outflow the previous week, ending an 11-week streak of inflows, trading activity remained robust.(2)
Bitcoin price corrected gains and tested the $42,650 zone.(2) BTC is again attempting a fresh increase and eyeing a move above the $43,750 resistance. The Korean premium, or Kimchi premium, indicates a possible local top in Bitcoin's price as the overheated market signals emerge and the current 14-day moving average for the Korean Premium Index is similar to the Bitcoin cycle peak in late 2021.(3) Spot Bitcoin ETF inflows could dwarf all 150 crypto ETPs today. U.S. SEC asks firms applying for Spot Bitcoin ETFs to complete last-minute corrections before New Year.
Veteran trader Tone Vays is issuing a warning, saying that Bitcoin’s (BTC) unprecedented run is likely coming to an end. Bitcoin faces risk of protocol-level censorship as miners under increasing regulatory pressure. Bitcoin hash rate hits new peak, but profitability tumbles.(2)
According to Swan Bitcoin’s head of business Dante Cook, Bitcoin’s “hard money” properties are becoming an attractive prospect for American athletes looking to safeguard their earnings. MicroStrategy’s stock has soared 337% in 2023, outpacing almost all U.S. companies valued at $5 billion or more and the growth has been fueled by the company’s bitcoin holdings, which the company started accumulating in 2020.
$XRP price is moving higher from the $0.578 support. The price seems to be setting up for a fresh surge toward the $0.680 and $0.700 levels. Cardano adds almost 10,000 smart contracts in 2023.
Tether mints $1B USDT for ‘inventory replenish’ — CEO Paolo Ardoino.
$3M of crypto stolen on Christmas Day — MS Drainer scammers fleece victims.
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Podcast of the Day: 2023 Crypto Year in Review: Is a Bull Market Around the Corner? | Unchained
