BTC's 3 Big Challenges
Published on Jan 3, 2024
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NEED TO KNOW
ETF Denial Fears
  1. 😲 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.
  2. 📈 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.
  3. 🪙 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.
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TODAY IN MARKETS
New Year's Dump

📊 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%
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ANALYSIS
Where Bitcoin Goes Next
Bankless Author: Jack Inabinet

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 👇


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LATEST POD
ETH in 2024

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 on experts Anthony Sassano, Mike Ippolito, and Jordi Alexander to the podcast to wax on these big topics and more! 👇

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GO BANKLESS
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