Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.
Crypto Shares Jump as Bitcoin Breaks $99,000. Bit Digital Rise over 7%
Crypto shares rose in overnight trading. Bit Digital, Inc. jumped 7%; MARA Holdings rose over 4%; Riot Platforms, MicroStrategy and Coinbase Global, Inc. rose over 3%.
Bitcoin has broken through $99,000, currently trading at $99,406, with a 24-hour gain of 1.13%.
MicroStrategy's Saylor Posts BTC Tracker, Hints at Monday Purchase
MicroStrategy co-founder Michael Saylor posted the Bitcoin chart from the SaylorTracker website on Jan. 5 — the same chart Saylor typically posts on Sunday before purchasing Bitcoin on the following day.
"Something about SaylorTracker.com is not quite right," the tech founder wrote to followers on X, hinting at an impending Bitcoin acquisition on Monday.
Saylor posted the same chart one week ago, on Sunday, Dec. 29, and MicroStrategy purchased 2,138 BTC, at an average purchase price of $ 97,837 per coin, on Dec. 30.
10x Research: Bitcoin Trump Rally Faces Federal Reserve Hurdles Ahead of FOMC Meeting
Bitcoin's Trump-led rally may encounter challenges by the end of January, with the Federal Reserve’s policy decisions emerging as a potential roadblock, according to Markus Thielen, founder of 10x Research.
Thielen highlights the Federal Reserve's upcoming January 29 Federal Open Market Committee (FOMC) meeting as a "primary risk" to Bitcoin's performance. The CME Group’s FedWatch tool indicates an 88.8% probability that the federal target rate will stay between 425 and 450 basis points.
Ethereum Spot ETF Sees $38.2M Net Outflow, Breaking 5-Week Inflow Streak
According to SoSoValue, Ethereum spot ETFs recorded a net outflow of $38.2 million during the past trading week (December 30 to January 3, Eastern Time), ending a five-week streak of consecutive net inflows. Despite the outflow, some ETFs continued to see significant investor interest.
The Bitcoin spot ETF with the highest net inflow on Jan 3 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of $356.95 million. Following that was iShares Bitcoin Trust , with a net inflow of 253.10 million, according to SoSoValue.
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