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FameEX Morning Crypto News Recap | January 25, 2024
2024-01-25 12:16:05
Over 80,000 Bitcoin Withdrawn from GBTC in Just 12 Days
Grayscale's Bitcoin Trust (GBTC) has seen a notable reduction in its bitcoin holdings, according to recent statistics. From Tuesday to Wednesday, GBTC's total bitcoin count dropped from 552,681.22 to 536,694.93, marking an outflow of 15,986.29 bitcoin in just one day.
Hashkey Capital and FTSE Russell Introduce Three Indices for Monitoring Various Cryptocurrency Assets
Hashkey Capital, a digital asset investment firm, has partnered with FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), to launch three new indices designed to track cryptocurrencies. These indices provide investors and traders with tools to monitor a wide range of digital assets across various segments of the cryptocurrency market.
Arkham Discloses Onchain Addresses Associated with Four Major Bitcoin ETFs, Enhancing Market Clarity On January 23, Arkham, an onchain intelligence company, revealed the discovery of four sets of addresses associated with four new spot bitcoin exchange-traded funds (ETFs). These addresses are linked to prominent fund managers like Blackrock, Fidelity, Bitwise, and Franklin Templeton, offering insights into the operations of these significant market players. Microsoft Surpasses $3 Trillion Valuation Amid Flourishing AI Investments On January 24, Microsoft momentarily achieved a global valuation of $3 trillion, marking it as only the second company ever to hit this milestone. This significant achievement is primarily credited to the advancements in general artificial intelligence (AI) technologies and the market surge following the release of OpenAI's ChatGPT last year, underscoring Microsoft's success in the AI sector. Bloomberg Analyst Forecasts Gold to Surpass Bitcoin Performance in 2024 Bloomberg Intelligence's Mike McGlone cautions that in 2024, macroeconomic factors will likely suppress Bitcoin's price, despite optimistic outlooks. He expects Bitcoin to underperform relative to the stock market on a risk-adjusted basis. McGlone emphasizes, "When the stock market and beta decline, Bitcoin tends to fall even more." Nine Spot Bitcoin ETFs Acquire 100K BTC in First Seven Days Following Launch In a remarkable move, nine new spot Bitcoin ETFs acquired 100,000 BTC within just a week of their launch. This acquisition represents over half (53%) of the total Bitcoin holdings amassed by major investor MicroStrategy in three years. As of December 26, 2023, MicroStrategy's reported Bitcoin portfolio totaled 189,150 BTC. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
