$1.8 Billion in Volume on the Third Day of Spot Bitcoin ETFs
On the third day of spot Bitcoin ETFs, trading volume amounted to $ 1.8 billion. In terms of volume, Grayscale and BlackRock ETFs are in the first two places. According to the data, GBTC accounted for $970 million and IBIT for $370 million. In addition, the highest inflow was in Bitwise, while the highest outflow was in Grayscale.
Grayscale Moves 9K Bitcoins in Preparation for Sale
Grayscale, the owner of the Grayscale Bitcoin Trust (GBTC), transferred an extra 9,000 Bitcoin to the exchange early Tuesday, as net selling continued following the conversion of the Bitcoin ETF futures product into a spot exchange-traded fund. According to data from Arkham Intelligence, cryptocurrencies traded in batches of 1,000. Grayscale sold 2,000 Bitcoin as a result of withdrawals last week. As of now, this amount has risen to 11,000 and GBTC’s assets have fallen below 610,000 BTC.
Correlation Between Bitcoin and Gold Rises
The correlation between Bitcoin and gold prices approached its highest level after the approval of spot Bitcoin ETFs. According to the latest data, the correlation between Bitcoin and gold has reached 0.76. A correlation close to 1 means that the two products move exactly the same.
Solana Mobile to Sell Second Crypto Smartphone
Solana Mobile is planning to launch a second smartphone. According to the source, the upcoming phone will have the same basic features as its Saga predecessor, including a built-in cryptocurrency wallet, customized Android OS and a ‘dApp store’ for cryptocurrency apps, but will be more affordable and have different hardware. The phone was priced at $1,000 when it was first launched last year, but as sales declined, so did the price.
BlackRock Wants to Follow Bitcoin ETF with Ethereum ETF
Shortly after the launch of BlackRock’s Bitcoin ETF, company CEO Larry Fink launched the marketing campaign for a second spot ETF product based on Ethereum. Thousands of vendors will essentially organize meetings, showcase new products, explain what they do and ask potential customers if they would like to buy them.
Tether Has Billions of Dollars in Reserves
Howard Lutnick, owner and chairman of financial services giant Cantor Fitzgerald, stated that after reviewing part of Tether’s balance sheet, Tether has the money it claims. According to Lutnick, Tether stated in its latest confirmation report published in October that it had about $86 billion in assets to back its USDT stablecoin, which was worth about $83 billion as of September.
Circle CEO Positive About Stablecoin Regulations
Speaking at the World Economic Forum, Circle CEO Jeremy Allaire said he is optimistic that the US government will implement stablecoin laws in 2024. In addition, Allaire said, “The dollar and the digital dollar are proliferating around the world. Other governments are regulating digital dollar currencies before the US.”
Integration between Chainlink and Circle
Chainlink has integrated Circle’s cross-chain transfer protocol (CCTP) with its CCIP system. With this integration, the project will use the CCTP system to perform secure USDC stablecoin transfers between different blockchains. Chainlink said that leveraging both technologies will open up new stablecoin use cases related to payments and DeFi.
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BITCOIN(BTC)
Bitcoin is priced at $ 42,878, down 0.6% as of today morning hours. After testing $ 43,500 yesterday evening, it experienced a retreat again. After a horizontal movement between 43,500 and 41,500, we may decline to 44,500 on the upside and 41,400 on the downside. Our intermediate support position is 42,500 dollars.
ETHEREUM(ETH)
Ethereum, which lost 0.61% as of morning hours, is priced at $ 2571.74. Overall, it still has an upward trend. After receiving support from the intermediate support position of $ 2570, it rose to $ 2615 yesterday evening. After that, there was a retreat. 2490 dollars is the support position, and in the downward breakdown, the 2400 dollar level can be seen again. After the break of $ 2600, rises up to $ 2780 can be seen.
RIPPLE(XRP)
XRP is priced at $0.5738 as of morning hours, down 0.33%. 0.57 dollars is the support position, and if it stays above it, rises up to 0.5950 dollars can be seen. In the downward breakdown of this level, retreats can be seen up to 0.5590 again.
AVALANCHE(AVAX)
AVAX is priced at $ 35.63 with a gain of 0.20% as of morning hours. 35 dollars is an important support level and also a psychological support level. Following the downward break of this level, retreats up to $ 32 may be experienced. If $ 35 is maintained above $ 35 and a breakthrough is achieved, we can see rises up to $ 42.
SOLANA(SOL)
SOL is priced at $99.63 with a 2.03% gain as of morning hours. When we examine the four-hour chart, we see that the descending movement has been broken to the upside. If this movement continues, the $ 100 level appears as an important resistance. If this resistance is broken upwards, first 105 and then 110 dollar level can be tested. In case of a pullback, $95 and $90 levels can be tested.
CHAINLINK(LINK)
With a 4.41% gain in value as of morning hours, LINK is priced at $ 15,946. When we examine the four-hour chart, support was received from the rising trend line after the reversal move into the ascending triangle pattern. LINK, which is currently trading around $ 16, which is an important resistance level for the moment, can test the $ 17 region if it persists above this region. In case of a pullback, the 15,500 level can be followed as support.
CEEK
CEEK is priced at $0.05875 with a gain of 6.81% as of morning hours. When we examine the four-hour chart, we see that the 0.056 resistance zone is broken upwards. In case of persistence above this zone and the movement continues, the 0.062 level can be tested. In case of a pullback, the 0.057 level can be followed as support.
ID
As of morning hours, ID is priced at $ 0.33605 with a 2.1% gain. When we examine the four-hour chart, we see that there is a pricing above the 0.33 zone, which is an important resistance level. In case of persistence above this zone, the 0.35 level can be tested. In case of a pullback, the 0.33 level can be followed as support.
