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Guess what day it is Folks? HUMPDAY and it's Bitcoin's Birthday: 15 years after Satoshi Nakamoto mined genesis block. Bitcoin is trading down at $45,087.08. Yesterday Bitcoin took a big pop to get above $45K and now it's turning it into support, let's get on with the news...
, Bitcoin rose past $45,000 and targeted $48K amid US spot bitcoin ETF approval anticipation; $73M in short liquidated.(10) Today, Michael Saylor commences plan to sell $216M worth of MicroStrategy stock options.(4)
Bitcoin trend strength exhibits striking similarities with last bull run. CME Bitcoin futures held $1.6K premium earlier yesterday as spot BTC price traded above $45K.(2) Bitcoin can yet see a significant cooling-off based on historical readings from the directional movement index (DMI.)
Jim Cramer flips bullish on Bitcoin, says BTC here to stay after ‘remarkable comeback.’(2)
Fidelity will charge 0.39% to shareholders of its spot Bitcoin ETF, whereas Galaxy/Invesco will waive fees for six months before charging 0.59% afterward. CBOE’s said that potential bitcoin ETF approvals would “pave the way” for pension funds to invest in a spot bitcoin ETF and promote derivatives growth.(2) SEC will approve a spot bitcoin ETF as a 'political necessity,' says TD Cowen. The SEC is close to deciding on spot Bitcoin ETFs, with Polymarket bets indicating an 88% chance of approval. Bitcoin is trading on ETF news, but analysts caution on macro headwinds. Bitcoin spot ETF approvals becoming a sell-the-news event is the most likely scenario this month, according to K33 Research analyst Vetle Lunde who suggests a 75% likelihood of this outcome versus 20% for approval inflows propelling prices higher and a 5% probability that the filings are denied. Executive Steve Weiss with $500 Million wealth reveals he sold Bitcoin, saying “I don't believe in Bitcoin. I still don't see a use case or an end market.” Meanwhile, Andrew Kang, one of the leading names in the cryptocurrency trading world, says Bitcoin Spot ETF Approval: “Still Not Priced In” Bitcoin ETF race will push issuers to disclose addresses — Samson Mow
Crypto exchange volume cracks $1 trillion for first time since late 2022.
US citizens face consequences with a cryptocurrency tax obligation, effective from December 31, 2023. Reporting transactions over $10,000 within 15 days is crucial for US citizens to avoid felony charges. New crypto tax rules impact companies, with FASB requiring fair value measurement effective 2025, offering earlier adoption.(2)
The co-founder of a crypto wallet says he has been “devastated” by accidentally clicking on a fake airdrop . Nest Wallet co-founder Bill Lou says he recently lost over $123,000 in staked Ethereum (stETH) while trying to participate in an airdrop.(3)
Podcast of the Day: SELL TIME? BTC ETF Faces Decision Day! | Crypto Town Hall |
Other Podcast
- Silbert Out at Grayscale; No 2nd Trial for SBF: The Biggest Crypto News from the Holiday Break | The Breakdown
- Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate | Unchained
- 2024 Predictions: Two of Crypto's Top Traders | Ansem, Joe McCann |
