# Bitcoin's ETF Hangover

*Author: Bankless*
*Published: Jan 12, 2024*
*Source: https://www.bankless.com/fr/bitcoins-etf-hangover*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Frame-50474--6-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=the-bankless-guide-to-stacks&email=true)

  

     Bitcoin's ETF Hangover
  
  

  
  Published on Jan 12, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   BlackRock Wants ETH
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Group-14--10-.png)- 🗿 **Larry Fink wants ETH ETF.** BlackRock's Larry Fink seems to get what he wants, and [he wants the SEC to approve ETH's spot ETF debut](https://twitter.com/Cryptik1E/status/1745776244745289934).
- 🔪 **Halving is on the way.** The next bitcoin halving is [predicted to be](https://www.oklink.com/halving) just 100 days away; how will the market respond?
- 😔 **NEAR layoffs. **The NEAR Foundation, the startup behind the L1 blockchain, [announced](https://pages.near.org/blog/an-update-from-the-near-foundation/) plans to lay off 40% of staff across biz dev and marketing.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    BTC's ETF Hangover
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--93-.png)](https://www.bankless.com/btcs-etf-hangover)📊** Enter Ether.** Notorious countertrade indicator Jim Cramer may have t[weeted](https://vxtwitter.com/jimcramer/status/1745811530581479931?s=46&t=LKBC7Qtm18FnZ380xCF2pA) that BTC's top is in, but the statements have done little to bolster price, with BTC down 9% on the day. *Cramer has spoken, so why aren’t we pumping?*

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.67T
       

  
    
    ↘ 5.8%
    
  

   
    
    ↗ 0.6%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $42,062
       

  
    
    ↘ 9.0%
    
  

   
    
    ↘ 4.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,479
       

  
    
    ↘ 5.0%
    
  

   
    
    ↗ 10.4%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/btcs-etf-hangover)

.  .  .

 
  
    

    LEARN

  
  
    
   An L2 on Bitcoin?
  
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       William Peaster
     
    ](https://twitter.com/WPeaster)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--92-.png)](https://www.bankless.com/the-bankless-guide-to-stacks)[Stacks](https://www.stacks.co/) is a Layer 1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) that acts as a scaling solution by extending smart contract capabilities atop Bitcoin. For this reason, Stacks is commonly referred to as a Bitcoin Layer 2 (L2).  

**Get the full *free* guide below 👇👇👇**

[Get the Full Details](https://www.bankless.com/the-bankless-guide-to-stacks)
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