Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Bitfinex Alpha | Bitcoin fluctuates ahead of ETF decision
BITCOIN NEWS

Bitfinex Alpha | Bitcoin fluctuates ahead of ETF decision

By Crypto FlexsJanuary 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitfinex Alpha |  Bitcoin fluctuates ahead of ETF decision
Share
Facebook Twitter LinkedIn Pinterest Email

January 9th Bitfinex Alpha | Bitcoin fluctuates ahead of ETF decision

Posted at: 05:52h
On Bitfinex Alpha
Posted by Tammy

As we enter the new year of 2024, Bitcoin continues to fluctuate strongly and shows no signs of slowing down! Despite rising 57% in the final quarter of 2023 and 155% for the full year, in just three days of 2024, BTC fell 11% on January 3, Bitcoin’s block creation day. Reports that the long-awaited Bitcoin spot ETF may not be approved have led to billions of dollars in unpaid interest being written off and both long and short positions liquidated. While these developments are always unfortunate, we believe they are relatively sound and entirely predictable.

On-chain indicators also tell an interesting story: On December 27, an unremarkable day for Bitcoin price, the number of days of coins destroyed increased significantly, demonstrating Bitcoin’s strategic positioning. Long-term BTC holders are We can expect important regulatory decisions. -The awaited Bitcoin spot ETF.

As noted in Bitfinex Alpha’s 2024 outlook report, we believe the market remains vulnerable to a downside (particularly in the $44-45,000 range) and is highly sensitive to regulatory developments.

The new year began with a complex but positive picture for the U.S. economy. New data from the construction industry shows spending is rising year on year, suggesting that demand and investment are expanding despite production falling into contraction territory not only in the US but also in the eurozone and China.

Within minutes of the Federal Reserve’s most recent meeting last December, policymakers expressed the view that interest rates appeared to have peaked, with most officials predicting a move to lower rates by the end of 2024.

However, one factor that could undermine this view is that the labor market in December significantly exceeded expectations for the number of new jobs added. Evidence of further growth will reignite concerns about inflation and officials will be wary of cutting interest rates too quickly.

On the news front, the new year has also started with several positive developments, with some of the largest asset managers vying for positions to launch regulated Bitcoin spot ETF products, with some of the largest asset managers beginning preparations for ETFs.

Additionally, Visa, one of the world’s largest credit card companies, also announced a Web3-based reward system, allowing customers to accumulate digital assets such as tickets. You can tokenize and earn reward points that can be used on both virtual and real experiences. .

Troubled cryptocurrency lending platform Celsius said it was liquidating its ETH holdings to repay creditors. Meanwhile, the Bank of Spain announced a pilot program for a wholesale central bank digital currency, attracting participation from the financial and technology sectors, with the aim of exploring ways to use these currencies for transfers and payments of financial assets.

An exciting start to the new year. Happy trading everyone!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025
Most Popular

XRP’s Unusual Token Activity – Assessing Potential Market Impact

May 25, 2024

SEC Delays Decision on Invesco Galaxy’s Spot Ether ETF Application

May 7, 2024

Discover the ultimate Omnisend alternative: Unleash the powerful marketing magic of Systeme.io!

November 24, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.