Crypto Market Pulse (15/01/2024)

US Spot Bitcoin ETFs begin trading; $7.69B volume in first two days. US inflation at 3.4% YoY in Dec 2023, above estimates. Circle, issuer of USDC, files for IPO.

Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices rose slightly by +1.81%. Volume increased by +31.69%  while volatility decreased by -10.48%.

Crypto.com Weekly Market Index

Chart of the Week

The first-ever US spot Bitcoin exchange-traded funds (ETFs) were approved last week by the Securities and Exchange Commission (SEC). The eleven ETFs started trading on 11 Jan 2024 and totaled US$7.69 billion in trading volume on the first two days of trading. Grayscale’s ETF had the largest share of the trading volume, followed by BlackRock and Fidelity.

Crypto.com spot BTC ETF Trading Volume

Weekly Performance

Bitcoin (BTC) dipped by -3.5% while Ethereum (ETH) rose +13.1%, respectively, in the past seven days. Price action for other selected top-cap tokens was positive.

Crypto.com Selected Top Cap Tokens Change

Selected key categories all rose in terms of market cap change in the past seven days.

Crypto.com Selected Categories Market Cap Change

News Highlights


Recent Research Reports

Cdc Ab Inbev Blockchain Gaming 2Report 2Report 3
Exploring the Future of Blockchain Gaming: Trends and OpportunitiesResearch Roundup Newsletter [November 2023]2023 Year Review & 2024 Year Ahead

Recent University Articles

Nakamoto ConsensusOn And Off Chain TransactionsWhat Is Btc Halving
What Is Nakamoto Consensus? The Mechanism That Powers BitcoinOn-Chain vs Off-Chain Cryptocurrency Transactions: What Is the Difference?Bitcoin Halving 2024: What to Know

Catalyst Calendar

Crypto.com Blockchain Launches and Upgrades
Crypto.com Macroeconomic Events

Authors

Research and Insights Team

Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

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The brands and the logos appearing in this report are registered trademarks of their respective owners.

Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.

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