Bitcoin News

Grayscale’s cryptocurrency investment products, particularly its Ethereum and Bitcoin ETFs, have seen a notable decline in assets. Recent figures indicate that Grayscale’s total holdings have dipped below $20 billion.

The price of Bitcoin (BTC) saw a significant drop, falling over 9% and dropping below $53,000 for the first time in over a month late Friday evening.

This week has been bearish for the crypto market and Friday was no exception. Today, Bitcoin and most altcoins experienced significant declines, following the U.S. jobs report.

According to Sergey Bezdelov, director of the Industrial Mining Association, approximately 54,000 Bitcoin (BTC) tokens worth about $3 billion were mined in Russia in 2023.

Peter Schiff, a prominent investor and renowned Bitcoin hater, has criticized BTC ETFs, arguing that their recent performance reveals a misguided enthusiasm.

Thursday’s crypto market witnessed a significant shake-up, with $100 million in liquidations recorded in just one day, primarily impacting long positions.

Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.