 rebounded to $94,000 on the morning of Jan. 14, with reports that Trump would leave an executive order to support cryptocurrency after falling to less than $90,000 for large-scale liquidation. Bitcoin fell to $89,164, the lowest price of the year, with about $74.58 million in liquidation in the futures market due to the fall that began with a sharp sell-off on the morning of Jan. 14. Since then, Bitcoin has risen foll', 'https://img.blockstreet.co.kr/photo/2024/08/30/20240830000001_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025011408572424274'));){kind=link}
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The price of Bitcoin(BTC) rebounded to $94,000 on the morning of Jan. 14, with reports that Trump would leave an executive order to support cryptocurrency after falling to less than $90,000 for large-scale liquidation. Bitcoin fell to $89,164, the lowest price of the year, with about $74.58 million in liquidation in the futures market due to the fall that began with a sharp sell-off on the morning of Jan. 14. Since then, Bitcoin has risen following a Washington Post report that Trump could lift the anti-cryptocurrency accounting guideline 'SAB 121', reaching $94,339 based on the coin market cap at 8 a.m. on Jan. 14.
2. JP Morgan "XRP Spot ETF May Have Up To $8 billion Net Inflow"
In a report published by JP Morgan on Jan. 14, the net inflow when the XRP Spot Exchange Traded Fund(ETF) is released was estimated from about $3 billion to up to $8 billion. JP Morgan explained that XRP spot ETFs can achieve high net inflows by calculating net inflows based on the market capitalization of XRP based on the performance of Bitcoin and Ethereum(ETH) spot exchange-traded funds(ETF) released last year.
3. U.S. Court of Appeals Ruling In Coinbase Partial Win In SEC Litigation
The U.S. Court of Appeals ruled on Jan. 13 that U.S. Securities and Exchange Commission(SEC)'s decision in a civil lawsuit between the SEC and Coinbase was an "arbitrary and capricious decision."
4. MicroStrategy Buying 2530 More Bitcoin
It was confirmed in a report submitted by MicroStrategy to the Securities and Exchange Commission (SEC) on Jan. 12 that MicroStrategy, a bitcoin retailer, bought an additional 2,530 Bitcoin over the 6th to 12th. The average price of Bitcoin purchased during the period was $95,972, and a total of $243 million was spent on buying 2,530 Bitcoin, the report confirmed.
5. Tether Moves Headquarters To El Salvador
Tether, the issuer of stablecoin USDT, announced in an official statement on Jan. 13 that it will move its headquarters to El San Salvador, a 'pro-Bitcoin country'. "El Salvador is a symbol of innovation in the field of digital assets," Tether CEO Paolo Ardoino said. "With our headquarters here, we have come to cooperate with countries that share the vision of financial freedom, innovation, and resilience."
권승원 기자 ksw@blockstreet.co.kr