Grayscale

Crypto Downturn: $25M Bitcoin Outflow, ETF Surge, GBTC Uncertainty
Bitcoin

Crypto Downturn: $25M Bitcoin Outflow, ETF Surge, GBTC Uncertainty

The cryptocurrency market is facing a downturn for three key reasons. Amidst heightened volatility, the crypto market faces a $25 million Bitcoin outflow linked to Spot Bitcoin ETFs. The market cap is declining from a $1.80 trillion peak. Uncertainty looms over the impact of the imminent $25 billion Grayscale Bitcoin Trust (GBTC) liquidation on Bitcoin […]

Jan. 23, 2024