Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»SEI, SUI, and RUNE fell as Bitcoin fell due to the Grayscale dump.
TRADING NEWS

SEI, SUI, and RUNE fell as Bitcoin fell due to the Grayscale dump.

By Crypto FlexsJanuary 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEI, SUI, and RUNE fell as Bitcoin fell due to the Grayscale dump.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Sei (SEI) Sui (SUI) and THORChain (RUNE) saw the biggest declines on Thursday as Bitcoin and Ethereum struggled.
  • BTC’s decline comes amid an ongoing selloff from Grayscale, which has deposited more than $1.7 billion in BTC on Coinbase Prime since January 12th.

Cryptocurrency markets were in the red on Thursday afternoon as the price of Bitcoin fell back below $41,500. Altcoins are also struggling, with the global cryptocurrency market cap falling about 2.4% to $1.71 trillion, with Ethereum falling below $2,500.

The biggest decliner on the day was Sei (SEI), down 15%. Sui (SUI) fell 10%. THORChain (RUNE) is down 13% at the time of writing.

Grayscale BTC dumping during ETF redemption

The cryptocurrency decline came as Grayscale transferred 9,840 BTC worth $418 million to Coinbase Prime, bringing the total amount of BTC transferred from the GBTC ETF issuer to 41,478 BTC. Grayscale has transferred a total of more than $1.7 billion in BTC to Coinbase Prime since January 12 and sold it while the company processed redemptions.

On Thursday, Grayscale recorded an outflow of $450 million. Alex Thorn, head of research at Galaxy, commented on this outlook for X:

Grayscale transferred 9,839 BTC ($417 million) on-chain to Coinbase Prime this morning to settle yesterday’s redemption (T+1 payment).

That’s significantly less than the day before, when 18,000 BTC ($770 million) was transferred to Coinbase Prime for redemption on Tuesday.

— Alex Thorne (@intangiblecoins) January 18, 2024

Both BTC and ETH are down 3% in the last 24 hours. Among the top 10 cryptocurrencies by market capitalization, Solana was down more than 5% as it fell below $100, while Avalanche was trading almost 6% in the red at $33.49. .


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

VFAT Farm Strategy Audit Summary

July 31, 2025

ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

July 31, 2025

PowerBank And Intellistake Announce Strategic Alliance To Pioneer Digital Currencies, Including Bitcoin Treasury Integration And RWA Tokenization

July 31, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 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

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025
Most Popular

Bonkers for Bonk: How Memecoin Turned $10 into $11.5K in One Month

December 8, 2023

Bitcoin scaling network Mezo raises $7.5 million in new funding

July 28, 2024

Beginner’s Guide to Cent Slot Machines

March 28, 2024
  • 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.