Bitcoin

Grayscale Bitcoin Trust tokenized stock FTX

Grayscale Bitcoin Trust

Coinbase analysts suggest a possible decrease in Bitcoin selling pressure as over $1.46 billion enters U.S. Bitcoin ETFs, indicating renewed investor interest. Despite recent market challenges, Bitcoin has shown resilience, posting a 3.5% gain over the past week.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-3.png?fit&#61;900%2C300&amp;ssl&#61;1" />Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On <a href="https://cryptosheadlinestoken.com/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a>Coinbase analysts recently observed a positive trend in the crypto market, indicating that downward pressures on Bitcoin and other cryptocurrencies might be approaching exhaustion.<h3 id="coinbase-s-market-report-sparks-investor-optimism">Coinbase’s Market Report Sparks Investor Optimism</h3>In their <a href="https://cryptosheadlines.com/weekly-crypto-reports-latest-updates-on-the-world-of-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">latest Weekly Market report</a>, released on Friday, Coinbase offered a ray of hope to investors amidst recent market turmoil. Chinese journalist Colin Wu highlighted the report’s findings on X.The <a href="https://cryptosheadlines.com/microstrategys-q1-report-highlights-bitcoin-as-its-main-focus/" rel="noopener noreferrer nofollow">report highlighted</a> pivotal developments contributing to this change in sentiment. Notably, the conclusion of FTX’s sale of its substantial Grayscale GBTC holdings, involving the disposal of 22 million GBTC shares, removed a significant obstacle to <a href="https://cryptosheadlines.com/xrp-price-down-8-bullish-momentum-stalls/" rel="noopener noreferrer nofollow">bullish momentum</a>.Furthermore, Coinbase analysts drew attention to a notable surge in net inflows into U.S. spot Bitcoin ETFs. With an average of over $200 <a href="https://cryptosheadlines.com/base-network-approaches-2-million-daily-transactions-trails-behind-polygon-and-bsc/" rel="noopener noreferrer nofollow">million daily</a> in the past week, the total inflow since January 11 reached $1.46 billion, signaling a resurgence of investor interest in the market.<h3 id="monetary-policy-developments-and-future-speculations">Monetary Policy Developments and Future Speculations</h3>The report also <a href="https://cryptosheadlines.com/ripple-cto-sheds-light-on-sec-appeal-complexity/" rel="noopener noreferrer nofollow">shed light</a> on recent monetary policy decisions, particularly the U.S. <a href="https://cryptosheadlines.com/first-time-in-years-federal-reserve-raises-fed-funds-rate-above-5/" rel="noopener noreferrer nofollow">Federal Reserve’s</a> decision to postpone its quantitative tightening program until the next Federal Open Market Committee meeting in March. This delay, coupled with potential monetary easing starting in May, suggests a higher probability of a soft landing for the U.S. economy, as per Coinbase’s analysis.<a href="https://cryptosheadlines.com/coinbase-attracts-rival-traders-with-no-fee-promotion/" rel="noopener noreferrer nofollow">Also Read: Coinbase Attracts Rival Traders with No-Fee Promotion</a>Coinbase analysts speculate that a convergence of factors, including the <a href="https://cryptosheadlines.com/bitcoins-potential-100k-price-post-2024-halving/" rel="noopener noreferrer nofollow">potential for a rate cut coinciding with Bitcoin halving</a>, could fuel a rally in Bitcoin and other tokens during the second quarter of 2024.Despite experiencing a notable drop of over 20% in the last month, falling from a peak of $48,600 to a low of $38,740, <a href="https://cryptosheadlines.com/bitcoins-resilience-shines-as-it-holds-ground-reclaiming-27k-strengthens-bullish-outlook/" rel="noopener noreferrer nofollow">Bitcoin has shown resilience</a>. Posting a 3.5% gain in the past week, reaching $43,730, the cryptocurrency continues to navigate through market fluctuations.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Coinbase Experts: Bitcoin Selling Pressure Eases as FTX Completes GBTC Sale

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