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Happy Monday Folks! Over the weekend, Bitcoin remained above $30K with both bullish and bearish sentiment, so looks like sideways for now; the price of Bitcoin is currently at $30,185.59. The fear and greed index pulled back to 55 and the best performing asset for the past 24 hours is $BTC down 0.42%; in position #1. The news once again off to a very slow start this week, so let's dive into what is of importance.
BTC price up, fundamentals down? 5 things to know in Bitcoin this week (Cointelegraph):
- Bitcoin bulls protected $30,000 at weekly close
- Fed’s Powell, PCE data headline “huge” macro week
- Mining difficulty due to drop despite BTC price gains
- Bitcoin RHODL ratio points to “new breakout”
- Sentiment could “swing the other way”
Over half of Fortune 100 companies started crypto initiatives since 2020.
Bitcoin just beat new price record by having the highest weekly close of 2023 and correlation with tech stocks falls to a 3-year low.
Bitcoin ETF fever returns: Biggest inflow to ProShares’ BITO in a year. Bitcoin futures attract biggest bets since Terra's collapse as Crypto traders eye $6.8B Bitcoin and Ether options expiry. HSBC Hong Kong now lets customers trade Bitcoin and ether ETFs. Lightning Network hits all-time high in bitcoin and US Dollar capacity. Riot inks MicroBT deal to build bitcoin miners in US — not China. Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury.
Opinion: New capital will soon arrive to Crypto markets following BlackRock ETF filing, according to Macro Guru Raoul Pal. Seasoned trader Tone Vays predicts rallies for Bitcoin to $34K, says BTC in full bullish mode. U.S. has room for a compliant Crypto ETF to grow market share as a Bitcoin on-ramp: Bernstein. BlackRock ETF filing could be 'turning point' for bitcoin, Ark says. Tidal Wave of Institutional Capital Re-Enters Crypto Markets As Sentiment Improves: CoinShares.
'Not just an experiment': Swiss central bank to carry out CBDC pilot.
XRP eyes big fund inflows as whopping $200 Million injected in epic ETF boom.
Bybit gains Cyprus crypto license weeks after Binance withdrawal. BitGo still sees consolidation in Crypto custody after spurning Prime Trust: CEO Mike Belshe.
Binance withdraws license application in Austria: FinanceFWD and backtracks on delisting privacy coins in some EU nations. Japan tax code now exempts crypto issuers from paying on unrealized gains.
US lawmaker calls for info from Treasury and SEC on crypto market structure bill.
Swiss prosecutors freeze $26M worth of Do Kwon assets following his prison sentence. Gemini Allows Voyager Victims to Claim Funds. FTX debtors recover $7B, say investigation has been ‘extraordinarily challenging.’
WATCH
LISTEN
Podcast of the Day: BlackRock SchmackRock: For Emerging Markets, Bitcoin Means More than Gains | The Breakdown
Other Podcast
- The First GigaWatt Miner in the USA? | Standard Power | The Mining Pod
- Powering Africa with Bitcoin Mining with Erik Hersman & Marshall Long | WBD
- Babylon Chain - Securing proof-of-stake chains using Bitcoin's proof-of-work | TCC
