Today in Markets

How Much Lower Will Crypto Go?

Is the bottom of this dump in? Or, are we just getting started?
Jack Inabinet Jack Inabinet Jan 22, 20242 min read
market analysis How Much Lower Will Crypto Go?

Another day in crypto, another leg down! Tokens bled out on Monday, with the total crypto market cap (TOTAL) declining by 3.1% on the day. When will crypto prices find support?

Sell pressure from Grayscale’s Bitcoin Trust (GBTC) redemptions has contributed to the crypto markets’ downward trajectory. The investment manager deposited an additional $623M BTC to Coinbase this morning when US markets opened, bringing their total deposits to $2.7B.

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