crypto news.BTC and others

Which were the prominent cryptocurrencies of the day? January 19, 2024 Bitcoin (BTC), which started to decline yesterday evening, lost more than 5 percent in value, dealing a blow to altcoins. Bitcoin (BTC), which started to decline yesterday evening, lost more than 5 percent in value, dealing a blow to altcoins. Sharp sales in spot BTC ETFs and Grayscale's large BTC transfers continue to scare the crypto market. The pioneer of cryptocurrencies, which could not climb to the safe zone, experienced a significant decline last night. BTC, which started its downward movement at $ 42,920, dropped to $ 40,665 and lost 5.24 percent in total.
The altcoin market, which almost collapsed with this development, brought concerns. So, which altcoins recorded the most price movement as of January 19? Winners List You may be interested in: Justin Sun took action: He withdrew 6 cryptocurrencies from Binance! Siacoin (SC), which increased by 6.28 percent in the last 24 hours, topped the list of the most rising coins. Flare (FLR) ranked second with an increase of 2.02 percent, Render (RNDR) ranked third with an increase of 1.91 percent, and BNB ranked fourth with an increase of 0.60 percent. Bitget Token (BGB) came in last place with an increase of 0.53 percent.
Tron (TRX) founder Justin Sun withdrew a total of $4.47 million from Binance in the last 24 hours. Leading cryptocurrency Bitcoin (BTC) dropped to $42,500 as spot Bitcoin ETFs were approved and started trading. BTC, which displayed a calm movement in this region, caused investor interest to shift to altcoins. Investors continue to diversify their portfolios by trading in many altcoins. Tron founder Justin Sun, who also attracted attention with his crypto investments, withdrew 6 cryptocurrencies from the Binance exchange to his wallet. There are also familiar names among the withdrawn assets. Remarkable activity in Justin Sun's wallet Justin Sun withdrew 6 cryptocurrencies with a total value of $4.47 million from Binance. Sun's move was interpreted as a potential investment and withdrawal to his personal wallet. Many people also shared the idea that they would move it to HTX to create liquidity.The cryptocurrency market is experiencing BTC-driven uncertainty. While BTC is showing activity at the level of 42 thousand 500 dollars, many altcoins follow the move of BTC. Although the cessation of the rise in BTC also affected altcoins, the upward progress of some altcoins attracted attention. In the midst of all these processes, Sun's crypto transactions attracted attention. Sun received 10 thousand AAVE ($991 thousand), 100.1 thousand BAND ($168 thousand), 79.33 billion SHIB ($752 thousand), 1.7 million MANA ($771 thousand), 27.16 billion FLOKI (from the Binance exchange). It attracted 825 thousand dollars) and 61.2 thousand LINK ($963 thousand). The next move of Sun, who transferred these assets from Binance to his personal wallet, was a matter of curiosity. The 6 cryptocurrencies withdrawn by Sun are also on the radar of investors. These altcoins, except LINK, have not yet met the expectations in the upwardly moving altcoin market.
Binance's new Launchpool, Manta Network, shook the market! Binance's Launchpool, Manta Network (MANTA), listed as of today, has attracted incredible interest. Binance's Launchpool, Manta Network (MANTA), listed as of today, has attracted incredible interest. Manta Network (MANTA), the 44th Launchpool of Binance, listed on popular cryptocurrency exchanges such as Binance, Paribu, MXC and Gate.io, was among the projects that left their mark recently. MANTA, which offered a good profit to many crypto investors, especially with its Airdrop, took the market by storm.It reached a volume of $300 million in just four hours! MANTA, which was listed on Binance at 13:00 local time, reached a transaction volume of 300 million dollars in a very short time.
The popular coin, which opened at $0.05 on the stock exchange, reached $3.33 as its peak price. Currently trading at $2.43, MANTA continues to exploit the volume in the altcoin market. In addition, MANTA, which will be opened to Binance futures at 17.00, is eagerly awaited by a large number of investors. What is Manta Network? Manta Network is a modular blockchain designed for Zero-Knowledge applications. The network includes Manta Pacific, a Layer-2 ecosystem ideal for Ethereum Virtual Machine (EVM)-based ZK applications and dApps looking to provide low-cost, user-friendly services. Additionally, Manta Network uses ZK-as-a-Service and Celestia's data accessibility, creating an ideal environment for ZK-enabled applications. SatoshiVM Launchpad did not work: It crashed! Bounce (AUCTION) could not maintain price stability despite its SatoshiVM Launchpad and lost more than 10 percent in value in the last 24 hours. SatoshiVM Launchpad did not work: It fell! Bounce (AUCTION) could not maintain price stability despite the SatoshiVM Launchpad and lost more than 10 percent in value in the last 24 hours.Despite supporting SatoshiVM, the popular cryptocurrency AUCTION faced selling pressure and fell to $23.77. AUCTION could deepen its decline if it also loses the support point at $21.31. At this point, $20 and $17.5 can act as important support points for AUCTION. However, AUCTION may rise if it does not lose the support of $ 21.31 and gathers strength from there. AUCTION will have to overcome the $25.47 resistance if it moves higher. If this region is overcome and persistence is ensured, AUCTION may move to the $32 resistance in a short time. Other resistance points for AUCTION will be the $36.89 and $45 areas. According to CoinMarketCap data, AUCTION has a market value of 154 million. AUCTION's transaction volume decreased by 56 percent in the last 24 hours to 63 million dollars.
Life and death battle in Bonk (BONK): The bottom can be seen! Bonk (BONK), the famous memecoin of the Solana ecosystem, scared its investors with its 30 percent drop in the last week. A life-or-death struggle in Bonk (BONK): It may hit the bottom! Bonk (BONK), the famous memecoin of the Solana ecosystem, scared its investors with its 30 percent drop in the last week. Cryptocurrency News Trillion dollar asset manager winked at Solana and Ethereum! Franklin Templeton, who manages $1.4 trillion in assets, made striking posts about Solana and Ethereum on the X platform. Franklin Templeton, who manages $1.4 trillion in assets, made striking posts about Solana and Ethereum on the X platform. The approval of Spot Bitcoin ETFs and their start to be traded on stock exchanges has pushed crypto investors to consider the next processes. Investors started to think about what might happen after Bitcoin ETFs. Particularly spot Ethereum ETFs have started to become a new agenda. While the crypto market is preparing for the next processes, Franklin Templeton, one of the companies offering a spot Bitcoin ETF product, attracted great attention on the X platform. The company, which manages $1.4 trillion in assets, made striking posts about Solana and Ethereum. Franklin Templeton attracted attention with his sharing of Solana and Ethereum Franklin Templeton, one of the asset managers offering the Spot Bitcoin ETF product, attracted great attention from crypto investors with his posts on the X platform the other day.
The company, which manages $1.4 trillion in assets, stated that it will transfer its account on the X platform to the Digital Assets Research Team for an hour. Team members sent sensational tweets about Solana, Ethereum and layer-1 projects from the Franklin Templeton account. Franklin Templeton emphasized that other layer-1 blockchains besides Bitcoin, Ethereum and Solana also have potential. The asset manager stated that they will continue to support and promote layer-1 blockchains as long as they mature greatly. The asset manager expressed that he is excited about ETH and the Ethereum ecosystem. The company stated that there are many important factors that will move the Ethereum ecosystem forward. Franklin Templeton stated that the EIP 4844 update, community revitalization and restaking protocols will benefit Ethereum. Thinking that Ethereum will recover, the asset manager did not neglect Solana. Franklin Templeton stated that they liked the vision of Solana founder Anatoly Yakovenko. Franklin Templeton, who cited Solana as a strong use case of decentralized blockchains, also touched upon the prominent details of Solana. The asset manager stated that DePINs, DeFis, memecoins and NFT craze benefited Solana in the fourth quarter of 2023. Franklin Templeton's striking tweets about Solana and Ethereum suggest a possible spot Solana ETF and It brought to mind the spot Ethereum ETF. Investors began to think that institutional companies were turning to altcoins after spot Bitcoin ETFs. The asset manager also touched on BRC20s. Franklin Templeton stated that Ordinals and layer-2 solutions in Bitcoin should not be ignored. Bitcoin ETFs continue to surprise While BlackRock ETF was the fund that bought the most Bitcoin compared to other funds, Grayscale's fund continued to experience outflows on the fifth trading day. Spot Bitcoin exchange-traded fund issuers added a net 10,667 Bitcoins to their funds as of the fifth trading day, as transaction volumes continued to increase. Data submitted by X user CC15Capital on January 17 showed that fund issuers added a net $440 million worth of Bitcoin to their holdings by the end of the day. BlackRock became the company that supplemented its funds the most, adding 8,700 BTC worth approximately $358 million. The data also revealed that nine ETFs (excluding Grayscale) have purchased 68,500 BTC so far, worth approximately $2.8 billion. Recent ETF-linked Bitcoin purchases were partially offset by Grayscale Bitcoin Trust (GBTC) selling 10,824 BTC worth approximately $445 million. There has been an outflow of approximately 38,000 BTC from GBTC since it was converted to a spot ETF on January 11.
Data shared by Bloomberg ETF analyst Eric Balchunas showed that nine other ETFs nicknamed "Newborn Nine", representing new spot Bitcoin ETFs other than GBTC, experienced a 34 percent volume increase on the fifth day. “Normally with a hyped launch, you see volume steadily decreasing each day post-launch,” Balchunas said. “The opposite is a rare situation,” he continued. However, it should be noted that data on Bitcoin purchases reported by ETF managers arrives delayed compared to each fund's trading volume figures due to delays in purchases. According to data from Bloomberg ETF analyst James Seyffart, BlackRock and Fidelity Bitcoin ETFs reached $1 billion each at the close of the day on January 18 as investors flocked to new funds. Balchunas also noted that BlackRock and Fidelity Bitcoin ETFs rank fourth and fifth in terms of weekly capital inflows among all U.S. ETFs, as does the Vanguard 500 Index Fund ETF, which aims to mirror the returns of the S&P 500, which includes the 500 largest U.S. publicly traded companies. He stated that he left (VOO) behind. CC15Capital, on the other hand, shared in its “We deposited $20 million into BITB today. We are grateful for our customers' trust,” Bitwise CEO Hunter Horsley said in a Jan. 18 X post. According to Cointelegraph Markets Pro data, Bitcoin dropped less than 1 percent on January 17, but there has been another decline of over 3.5 percent in the last 24 hours. Why can't Bitcoin bulls break the $42,000 price? Latest research shows that Bitcoin has a liquidity problem. Why can't Bitcoin bulls change the price of $ 42,000? Recent research shows that Bitcoin has a liquidity problem.
Why can't Bitcoin bulls break the $42,000 price? Latest research shows that Bitcoin has a liquidity problem. Why can't Bitcoin bulls change the price of $42,000? Recent research shows that Bitcoin has a liquidity problem.Data from Cointelegraph Markets Pro and TradingView showed that the BTC price on the Bitstamp exchange fell as low as $42,400. Bitcoin, which continued to remain in a certain range after last week's volatility, failed to maintain $ 43,000 due to lack of liquidity. Speaking to CNBC at the WEF event held in Davos, Switzerland, JPMorgan Chase CEO Jamie Dimon ensured that this trend continued. "I'm not trying to make any jokes here. Bitcoin's use cases are money laundering, fraud, tax evasion and sex trafficking," he said, repeating arguments that have been debunked many times before.Dimon said he would not mention BTC again and told the hosts to stop talking about it. JPMorgan CEO had made similar statements before, but did not step back from talking about BTC. Responding to a question about his stance on spot Bitcoin ETFs approved last week, Dimon claimed that his rivals were also hesitant about adopting BTC. Referring to BlackRock CEO Larry Fink, Dimon said, "I don't know what he would say about currencies that do something with blockchain and BTC that doesn't do anything, he might think very differently than I do." he said.Investors do not foresee an increase in BTC price Traders, who announced their predictions about Bitcoin's short-term performance, warned for the coming period. Daan Crypto Traders stated that the simple trading environment is over and that it is not possible to make a price prediction for BTC. Speaking on said.