BTC's 3 Big Challenges ($)
View in Browser
Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 😲 ETF panic. Analysts at Matrixport, a crypto financial services firm, released a report suggesting Bitcoin ETFs may not be approved this month. The report's unintentional wide release caused a temporary wave of sell-offs.
- 📈 Arbitrum on the rise. Arbitrum, the leading L2, has crossed the $2.5B TVL mark, with the ARB token notching a new all-time high above $2.
- 🪙 Goldman Sachs eyes ETFs. Today, news broke that investment banking giant Goldman Sachs is in discussions with Blackrock and Grayscale in a bid to become an "authorized participant" in their seemingly imminent Bitcoin ETF offerings.
📊 Down we go! Crypto markets tumbled this morning, with the total crypto market cap (TOTAL) wicking down as much as 12%, its largest single-day decline since the collapse of FTX in November 2022. What's causing the crypto weakness?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.64T | ↘ 4.6% | ↘ 3.0% |
|
BTC $42,916 | ↘ 4.9% | ↘ 1.1% |
|
ETH $2,223 | ↘ 6.1% | ↘ 5.9% |
The bull case for Bitcoin certainly hasn't been shy in presenting itself lately. Yet there are some important caveats to remember before you unquestioningly ape BTC to enjoy the monstrous gains that may be in store for 2024...
Read the full free article on our website 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
As we dive into the new year, we're more curious than ever about the trajectory of ETH as a digital asset and the Ethereum network's ongoing evolution.
We brought experts Anthony Sassano, Mike Ippolito, and Jordi Alexander onto the podcast to wax on these big topics and more! 👇
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.