Crypto prices spiked on the open of the US stock market, sending Bitcoin up 5.7% to set a new cycle high! Who is bidding our bags?
This morning’s BTC transfer from Grayscale to Coinbase was the smallest pre-market send since spot BTC ETFs launched, providing confirmation that GBTC outflows continue to taper and potentially signaling some amount of demand for GBTC.
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
Bitcoin up 5.7% to set a new cycle high! Who is bidding our bags?
Coinbase was the smallest pre-market send since spot BTC ETFs launched, providing confirmation that GBTC outflows continue to taper and potentially signaling some amount of demand for GBTC.
