Cryptocurrency News Highlights: Fidelity’s Timmer Predicts Continued Bitcoin Price Volatility

By Coingape Staff
Published 23 Jan, 2024 | 09:18:44 AM IST Updated 27 Sep, 2024 | 04:41:00 PM IST
cryptocurrency
By Coingape Staff
Published January 23, 2024 Updated September 27, 2024

Crypto News Highlights: Bitcoin, the world’s first-ever digital currency, witnessed further declines in its price over the past day, dropping 4.33%, reaching $38,966. Notably, it even slipped as low as $38,943 today, as per CoinMarketCap’s data, with a continuous flux resulting in the price’s movement to and fro the $39K mark. Whilst, other cryptos like Ethereum, Solana, and XRP also noted downturns of 2%-5%, nabbing significant attention globally.

Meanwhile, the Ondo finance team offloaded 40 million ONDO to multiple exchange addresses, aligning with the price plunge witnessed by the ONDO token. Notably, the token’s price fell by 15% briefly, sparking speculations among crypto market enthusiasts globally.

Meme coins Shiba Inu and Dogecoin also noted a price fall, dropping 2% and 2.31%, respectively.

Notably, Mt Gox, the infamously hacked crypto exchange, recently announced plans to repay its creditors in Bitcoin, curating a tidal wave of speculations orbiting the Bitcoin price. Aligning with this, as Mt Gox reveals plans to unlock massive amounts of Bitcoin, a potential impact is much expected on the BTC price, accompanied by thrilling twists in market sentiments right before the upcoming halving.

Live
11:10:17 PM IST, 23 January 2024

Crypto News LIVE: Senator Lummis Defends Crypto, Blames Criminals, Not Tech

US Senator Cynthia Lummis fires back at Elizabeth Warren, emphasizing that fiat currency has been a far larger conduit for money laundering, exceeding $900 million, compared to just $900,000 in the world of cryptocurrencies. Lummis asserts that the issue is criminal behavior rather than the crypto industry.

Share this update:
advertisement
10:30:00 PM IST, 23 January 2024

Crypto News LIVE: Coinbase Outlook Uncertain as Bitcoin ETF Hopes Diminish

JPMorgan analyst Kenneth Worthington sets an $80 price target for Coinbase (COIN) stock, signaling a potential 35% downside from its current valuation amid doubts about the impact of Bitcoin ETFs.

Share this update:
10:14:00 PM IST, 23 January 2024

Crypto News LIVE: Chainlink and Flashbots Power Oval's MEV Solution

Oval, a new DeFi platform, has gone live to reclaim the hundreds of millions of dollars lost to MEV (Miner Extractable Value). Leveraging Chainlink Data Feeds and Flashbots, Oval seeks to capture and harness this value to benefit the DeFi ecosystem.

Share this update:
10:14:38 PM IST, 23 January 2024

Crypto News LIVE: Celsius Network Transfers $1.23B in ETH to New Address

Celsius Network has transferred a massive total of 557.081K ETH, worth around $1.23 billion, to an address starting with 0xDb…998d. This major transfer, including staked ETH and Eth2 Depositor assets, is part of a strategic shift to Fireblocks Custody.

Share this update:
advertisement
09:54:00 PM IST, 23 January 2024

Crypto News LIVE: Max Keiser Attacks XRP, Calls It 'Centralized Garbage

Prominent Bitcoin advocate Max Keiser has renewed his criticism of XRP, labeling it as ‘centralized garbage’ and predicting it will plummet to near zero against Bitcoin.

Share this update:
09:36:00 PM IST, 23 January 2024

Crypto News LIVE: Fidelity's Timmer Predicts Continued Bitcoin Price Volatility

Jurrien Timmer of Fidelity forecasts ongoing volatility in Bitcoin’s price, especially after the recent ETF launch, which led to significant market movements.

Share this update:
08:55:16 PM IST, 23 January 2024

Crypto News LIVE: OKX to Compensate Users After OKB Token Flash Crash

OKX exchange has announced plans to compensate users impacted by a flash crash in its OKB token, which saw a dramatic 48% price drop early Tuesday morning.

 

Share this update:
08:40:00 PM IST, 23 January 2024

Crypto News LIVE: Terra Luna Classic Votes for Crucial ICA Controller Change

The Terra Luna Classic community is voting on a pivotal proposal, ‘Proposal 12005’, to enable the ICA Controller parameter, a move crucial for the chain’s upcoming upgrades. Despite the strong support from validators and community members, a staggering 99.96% voted in favor.

Share this update:
08:20:15 PM IST, 23 January 2024

Crypto News LIVE: Mt. Gox Rumored to Release 200K BTC to Creditors Soon

According to recent rumors on Reddit, Mt. Gox has reportedly confirmed creditors’ Bitcoin addresses for impending repayments, potentially leading to 200,000 BTC entering the market soon.

Share this update:
08:00:10 PM IST, 23 January 2024

Crypto News LIVE: Massive 199.8M USDT Shifted from Tether to Mystery Wallet

199.8 million USDT, equivalent to approximately 199.57 million USD, has been transferred from the Tether Treasury to an unknown wallet.

Share this update:
07:45:20 PM IST, 23 January 2024

Crypto News LIVE: Grayscale Boosts Holdings with 17K BTC in Major Move

Grayscale Bitcoin Trust (GBTC) makes a significant move in the cryptocurrency market, adding 17,000 BTC to its holdings today.

Share this update:
07:30:00 PM IST, 23 January 2024

Crypto News LIVE: Mysterious 921 BTC Transfer to Coinbase Sparks Questions

A substantial transfer of 921 BTC, valued at $35,553,014 USD, has been made from an undisclosed wallet to Coinbase, raising speculation about the motives behind this significant cryptocurrency movement.

Share this update:
07:10:00 PM IST, 23 January 2024

Crypto News LIVE: UAE President Forms AI Council to Boost Tech

The President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, has enacted a law to establish the Artificial Intelligence and Advanced Technology Council (AIATC). This council will focus on shaping AI policies, strategies, and partnerships to bolster Abu Dhabi’s standing in the global AI landscape.

Share this update:
06:45:14 PM IST, 23 January 2024

Crypto News LIVE: Fidelity's FBTC ETF Adds $154M in Bitcoin

Fidelity’s Bitcoin ETF (FBTC) has added a substantial 3,957 BTC, equivalent to $154 million, to its holdings within the last 10 minutes, with a total of 33,864 BTC now valued at $1.32 billion.

Share this update:
06:30:00 PM IST, 23 January 2024

Crypto News LIVE: Samson Mow: GBTC Faces Fee Pressure at 450K BTC

Samson Mow, predicts that GBTC will lower its fees once it amasses 450,000 BTC. Failure to do so would raise suspicions of a hidden agenda to redistribute Bitcoin holdings among other ETFs.

Share this update:
06:15:18 PM IST, 23 January 2024

Crypto News LIVE: Ex-Facebook Crypto Head Vows Lifelong Bitcoin Integration

Former Facebook Crypto Chief commits to a lifelong mission to integrate money flow on the internet, emphasizing a key role for Bitcoin.

Share this update:
06:00:15 PM IST, 23 January 2024

Crypto News LIVE: Bitcoin's $40K Consolidation Hints at Upcoming $60K Rally

Bitcoin is consolidating around the $40,000 mark, showing signs of gathering momentum for its next significant move. Analysts anticipate a potential surge of over 50%, with the cryptocurrency aiming to reach the $60,000 mark in the near future.

Share this update:
05:55:10 PM IST, 23 January 2024

Crypto News LIVE: Shiba Inu Sees Huge 4 Trillion Token Movement

A staggering 4,276,568,835,013 SHIB tokens, valued at approximately $37,950,271, were recently transferred between unknown wallets, highlighting the significant movement in the SHIB market.

Share this update:
05:40:15 PM IST, 23 January 2024

Crypto News LIVE: Bitcoin Whales Unload 70K BTC in 2 Weeks, Stirring Market Buzz

Bitcoin whales have offloaded approximately 70,000 BTC in a massive two-week selling spree, totaling nearly $3 billion.

Share this update:
04:40:10 PM IST, 23 January 2024

Crypto News LIVE: Peter Brandt Spots Bitcoin Triangle, Eyes $42,400 Threshold

Veteran trader Peter Brandt highlights the reliability hierarchy of financial charts, emphasizing the greater dependability of weekly over daily and intraday charts. Brandt notes the frequent failure of chart patterns, pointing out Bitcoin’s recent completion of a right-angled broadening triangle.

Share this update:
05:25:24 PM IST, 23 January 2024

Crypto News LIVE: Trump Vows to Block CBDCs, Citing Freedom Threat

Former President Donald Trump reaffirms his strong opposition to Central Bank Digital Currencies at a New Hampshire rally, aligning with pro-crypto stances despite suspensions of like-minded Republican campaigns. Trump, known for criticizing Bitcoin and embracing NFTs, warns of CBDCs threatening personal liberty and vows to block their introduction in the US.

Share this update:
05:10:03 PM IST, 23 January 2024

Crypto News LIVE: Nine Key ETFs Surpass 100K BTC Holdings, BlackRock Soars

Nine leading Bitcoin ETF players, including BlackRock and Fidelity, have collectively surpassed holdings of over 100,000 BTC. With remarkable speed, BlackRock became the third-largest BTC investment vehicle in just seven trading days.

Share this update:
04:55:30 PM IST, 23 January 2024

Crypto News LIVE: Jim Cramer Spotlights Bitcoin's Bearish Turn

As the Bitcoin price continues its downward movement today, Jim Cramer, host of Mad Money, highlights the token’s 20% fall from its high. Market sentiments still appear to be bullish as replies to his statement displayed a buying sentiment for the token, hinting at a pump ahead.

Share this update:
04:33:09 PM IST, 23 January 2024

Crypto News LIVE: UMA Price Rallies 28% As Derivatives Traders Invest $130 Mln

The UMA price charts appear to be showcasing notable gains in recent days. With the token’s price soaring 28% today, its weekly charts illustrate a roughly 200% surge, garnering attention globally. Meanwhile, amid the token’s pump, derivatives traders invested $130 million in UMA, aligning with the open interest upswing of 30% over the past day. This further adds up to the token’s bull run.

 

Share this update:
04:11:20 PM IST, 23 January 2024

Crypto News LIVE: WisdomTree & Invesco Propel Bitcoin ETF Fee War In Europe

Following the recent successful inception of the U.S. spot Bitcoin ETFs, Invesco, and WisdomTree waged a new battle in Europe, commencing a fee-slashing chronicle on their European-listed Bitcoin exchange-traded products (ETPs).

Share this update:
03:51:39 PM IST, 23 January 2024

Crypto News LIVE: AI Hampers US Elections

As per numerous reports hovering over the United States elective space, AI appears to have caused quite the commotion following a deepfake audio of Biden that surfaced in the nation over the weekend.

The deepfake audio reportedly said, “Save your vote for the November election,” to voters living in New Hampshire.

Share this update:
03:33:22 PM IST, 23 January 2024

Crypto News LIVE: Top Crypto Analyst Anticipates Bitcoin Price To $32K

A renowned crypto market analyst, Ali Martinez, predicts the Bitcoin price to reach as low as $32,700.

Share this update:
03:19:12 PM IST, 23 January 2024

Crypto News LIVE: Blockchain Association Of Kenya Unveils Potential Draft For Virtual Asset Bill 2024

The Blockchain Association of Kenya unveiled a potential draft for the upcoming virtual asset bill, welcoming considerations and potential changes from the public.

Share this update:
02:52:48 PM IST, 23 January 2024

Crypto News LIVE: Pro-XRP Lawyer Stamps SEC As 'Money Grab'

John E. Deaton slated the SEC’s speech as a ‘pure money grab’ in a recent post shared on X. Furthermore, the Pro-XRP Lawyer raised questions about the regulatory body’s motives, accusing it of a lack of transparency.

Share this update:
02:36:38 PM IST, 23 January 2024

Crypto News LIVE: Bitcoin Whales On A Selling Spree

Recent crypto market data spotlighted by top analyst Ali Martinez portrays that Bitcoin whales sold a staggering 70,000 BTC, worth approximately $3 billion, in the past two weeks.

Share this update:
02:16:32 PM IST, 23 January 2024

Crypto News LIVE: HashKey Group & OKX Eye Partnership To Facilitate Compliant Virtual Asset Innovation in Hong Kong

As per a report, Hashkey Group, a leading digital assets financial services firm, and OKX, a crypto exchange, recently announced plans to strategically merge forces in Hong Kong. With this, the entities aim to promote compliant virtual asset innovation and industry development nationwide.

Share this update:
02:00:26 PM IST, 23 January 2024

Crypto News LIVE: HTX DAO Unveils Next Batch Of Ecological Builders

In a gust of strategic developments, HTX DAO recently revealed the fourth batch of its ecological builders, Cypher Capital, and the Ape NFT Foundation. Subsequently, APENFT is all set to donate 5% of the same amount of funds as Huobi HTX’s donation, aiding the DAO in its journey across the realm of DeFi.

Share this update:
01:41:17 PM IST, 23 January 2024

Crypto News LIVE: Crypto Startup Figure Eyes SEC's Approval For Interest-Bearing Stablecoins

Crypto and blockchain startup Figure Technologies Inc. is setting its sights on introducing interest-bearing stablecoins following the SEC’s potential approval.

Share this update:
01:18:22 PM IST, 23 January 2024

Crypto News LIVE: Mt Gox To Repay Creditors In Bitcoin, BTC Price Impacted?

Mt Gox, the infamously hacked crypto exchange, recently announced plans to repay its creditors in Bitcoin. Notably, the firm intends to unlock massive amounts of Bitcoin for this repayment over the next two months.

This unlock is expected to hit the crypto market, potentially impacting the BTC price and market sentiments for the upcoming halving.

Share this update:
01:02:36 PM IST, 23 January 2024

Crypto News LIVE: Coinbase CLO Contends U.S. Treasury's Crypto Mixing Rule

Coinbase CLO Paul Grewal recently cracked down on the U.S. Treasury’s crypto mixing rule, emphasizing data integrity concerns to optimize regulatory efficiency.

Share this update:
12:49:43 PM IST, 23 January 2024

Crypto News LIVE: Bitcoin ETFs Net Outflow For Day 7

BitMEX Research recently spotlighted the total net outflow of spot Bitcoin ETFs on Day 7.
As per the data, the net outflow totals $87.5 million while writing. BlackRock, Fidelity, and Bitwise continue to cork the best ETF service providers list.

Share this update:
12:22:04 PM IST, 23 January 2024

Crypto News LIVE: Shiba Inu Whales Reshuffle 4 Tln SHIB

On-chain data for Shiba Inu illustrated a staggering 4.27 trillion SHIB shifted between unknown wallets recently. Notably, these wallets were registered on Bitvavo.

Share this update:
12:02:39 PM IST, 23 January 2024

Crypto News LIVE: XRP Whale Offloads 29 Mln To Bitstamp

Amid XRP’s continued price slump, an unknown address offloads 29.1 million XRP to Bitstamp again. The amount transferred totaled $15.45 million while writing.

Share this update:
11:42:32 AM IST, 23 January 2024

Crypto News LIVE: Trump Backs Vivek Ramaswamy on CBDC Threat

Donald Trump recently stated that Vivek Ramaswamy informed him about the potential dangers of CBDC creation. Agreeing with which, Trump vowed never to let a CBDC into the nation if elected.

Share this update:
11:22:09 AM IST, 23 January 2024

Crypto News LIVE: Top Analyst Foresees XRP Price Rebound

One of the most prominent crypto market analysts, Ali Martinez, eyes an XRP price rebound shortly ahead, propelling market optimism for the token. Meanwhile, the XRP price showcased notable declines in recent days, followed by significant whale offloading activity.

Share this update:
11:03:24 AM IST, 23 January 2024

Crypto News LIVE: Bitcoin Price Plunges 20% Post ETF Inception

The Bitcoin price appears to have jotted down a remarkable dip following the inception of ETFs within the trading landscape. The token’s price surged up to $49,021 promptly after the SEC’s ETF approval. However, today, the token’s price traded as low as $39,474, as per CoinMarketCap’s data, marking a roughly 20% decrease since that day.

Share this update:
10:42:37 AM IST, 23 January 2024

Crypto News LIVE: U.S. SEC Points Finger At SIM Swapping For X Account Breach

The US SEC stated that it was the prey of a fraudster technique named SIM swapping that resulted in its X account breach right before the Bitcoin ETF approval.

Share this update:
10:17:32 AM IST, 23 January 2024

Crypto News LIVE: Dogecoin Whale Accumulates 166 Mln DOGE, Sparks Speculations

As per recent on-chain data unveiled by the blockchain tracker Whale Alert, an unknown address withdrew 166.20 million DOGE, worth approximately $14 million, from Robinhood amid the meme coin’s price slump.

Share this update:
09:57:10 AM IST, 23 January 2024

Crypto News LIVE: Binance Vs SEC Fraud Suit Takes A Thrilling Twist

Following a four-hour long hearing in a Washington courtroom on Monday, U.S. District Court Judge Amy Jackson cracked down on the U.S. SEC’s stance on digital assets that the regulatory body classifies as securities. Meanwhile, Binance appears to be leveraging the judge’s ruling.

Share this update:
09:31:46 AM IST, 23 January 2024

Crypto News LIVE: Shiba Inu Burn Rate Rockets 400% As Community Shifts SHIB To Dead Wallet

The Shiba Inu crypto community transferred a staggering 100 Million SHIB to a dead wallet again. With this, the SHIB burn rate marks a 447.16% upswing, propelling market optimism for the token.

Share this update:
09:16:46 AM IST, 23 January 2024

Crypto News LIVE: FTX & Celsius Move Staggering Amounts Of ETH To CEXs

As per on-chain metrics spotlighted by Spotonchain, Celsius moved 15, 200 ETH to Coinbase and FalconX, whereas, FTX shifted 1000 ETH to Wintermute trading. The total number of ETH moved to CEXs equaled a whopping $38.35 million.

Share this update:
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.