Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	Forwarded this email? Subscribe here for more Grayscale GBTC investors still in profit with average cost basis 20% below current prices Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82. Jan 24   READ IN APP   Happy Wednesday! The global crypto market cap is $1.56 trillion, with a 24-hour volume of $58.01 billion. The price of Bitcoin is $39,990.45, and BTC market dominance is 50.3%. The price of Ethereum is $2,231.51, and ETH market dominance is 17.2%. The best-performing sector is Cannabis, which gained 11%. The Crypto Fear & Greed Index is currently Neutral (48). Top News Grayscale GBTC investors still in profit with average cost basis 20% below current prices Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82. IRS adds cryptocurrency income tax question to four more tax forms The question applies to all taxpayers and is unrelated to a controversial $10k rule. Coinbase’s Base leverages Chainlink technology to enhance developer capabilities Chainlink Automation offers Web3 developers a 90% reduction in gas fees while maintaining blockchain standards. SEC has a ‘hard no’ stance on spot Ethereum ETFs, but issuers are optimistic: FOX reporter FOX Business' Eleanor Terrett relayed comments from various sources today. Latest Insights Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin Surge in Bitcoin whale transactions defies market downturn Long-term Bitcoin holders’ recent sell-off raises ghosts of past capitulations Grayscale sends 19,236 BTC to Coinbase, moves 8,000 BTC internally More News Understanding the differences in Bitcoin futures on Binance and CME CryptoSlate explores the differences between CME and Binance that could push Binance to take the lead as the largest Bitcoin futures trading platform on the market. SEC maintains pressure for Ripple’s financial records in legal dispute The SEC maintained that its demands for Ripple's audited financial documents were "relevant" to the case. Ethereum validators’ reliance on Geth sparks client diversity push by Coinbase Community members have raised concerns that Geth's dominance poses issues for Ethereum network. BIS to focus on tokenization, CBDC as part of 2024 strategy The 2024 roadmap points to a continuation of the watchdog's engagement with digital financial technologies. Bitwise CIO says Bitcoin’s dip driven by ETF overenthusiasm, not Grayscale outflows The Bitwise investment chief also clarified that the recently launched Bitcoin ETFs are net buyers of the top cryptocurrency. Questions? Get in touch with us here. Connect with us Telegram • Twitter • LinkedIn • YouTube • Instagram   Like Comment Restack   © 2024 Zenzio Incorporated 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332 Unsubscribe