The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investorsSource
Sun then followed up around 15 minutes later saying that all services on HTX had been restoredSource
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.Source
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.Source
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.Source
The network’s MANTA token went live on Thursday and has reached a $550 million capitalization.Source
The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year’s 25% slide.Source
Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”Source
Silver has existed since dying stars started spewing the metal out billions of years ago. Bitcoin is 15 – but it’s already a bigger deal in the U.S. ETF market. Bitcoin ETFs had more assets than silver ETFs the instant the U.S. Securities and Exchange Commission approved them last week, and trailed only gold among commodity-focused U.S. ETFs.Source