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Coinbase Newsroom
Daily Digital Currency Update Summary (2025-01-08)
According to a report by CoinDesk, JPMorgan states that the profitability of Bitcoin (BTC) miners increased for the second consecutive month in December 2024, reaching the highest level since April 2024.
The crypto market is reigniting enthusiasm! Bitcoin has returned above 0.1 million dollars, and miners are stockpiling coins. Is the market preparing for the "Trump administration rally" in advance?
In fact, Bitcoin has a strong cyclical utility. From Historical Data, Bitcoin has shown considerable performance in the first quarter of the second year after each halving. Specifically, the first quarter of 2013 saw an increase of 539%, in 2021 an increase of 103%, and in 2017 an increase of 12%. The fourth halving will occur on April 20, 2024, so the market is closely monitoring Bitcoin's performance in the first quarter of 2025.
The surge in U.S. Treasury yields is hitting risk Assets, and the Cryptos market is affected.
The price of Bitcoin has dropped significantly, due to the surge in USA Treasury yields putting pressure on risk assets overall.
Coinbase Options Spot-On: On January 7th, 236.32K Contracts Were Traded, With 1.2 Million Open Interest
On January 7th ET, $Coinbase(COIN.US)$ had active options trading, with a total trading volume of 236.32K options for the day, of which put options accounted for 22.02% of the total transactions,
Coinbase(COIN.US) 10% Shareholder Sells US$6.53 Million in Common Stock
$Coinbase(COIN.US)$ 10% Shareholder Armstrong Brian sold 25,000 shares of common stock on Jan 3, 2025 at an average price of $261.0725 for a total value of $6.53 million. This transaction involves
Top Cryptocurrencies Tumble; Bitcoin Slumps Below $97,000
Thumzup Buys $1 Million in Bitcoin to Diversify Liquid Assets
Unusual Options Activity: BP, TPR and Others Attract Market Bets, BP V/OI Ratio Reaches 156.3
EST Jan 7th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
10 Financials Stocks Whale Activity In Today's Session
Shares of Crypto Stocks Are Trading Lower After Bitcoin Fell Back Below $100,000.
US stocks fluctuated | Crypto Concept stocks experienced a significant decline, with Bitcoin briefly falling below $0.099 million.
On Tuesday, stocks related to Cryptos saw a significant decline, with KULR Technology (KULR.US) and MicroStrategy (MSTR.US) dropping nearly 7%, and Coinbase (COIN.US) falling over 5%.
United Airlines To Rally Around 42%? Here Are 10 Top Analyst Forecasts For Tuesday
The chairman of the top regulatory agency in the USA announced: Trump resigned on the day of his inauguration.
The chairman of the CFTC believes that many digital tokens still fit the definition of "Commodity", and regulating the Cryptos market will be the "natural choice" for the agency.
Piper Sandler Maintains Neutral on Coinbase Glb, Raises Price Target to $285
The market enthusiasm is reignited! The spot Bitcoin ETF has attracted nearly 1 billion dollars in a single day, reversing the ongoing Outflow.
① Data from Farside Investors shows that last Friday, the single-day spot Bitcoin ETF attracted $0.9081 billion in funds, marking the largest single-day inflow since the end of November 2024; ② this single-day inflow reversed a trend of outflows that had persisted for several weeks; ③ Bitcoin's price is approaching $0.102 million, having risen 11% in a week, reflecting a resurgence of market optimism toward Bitcoin.
The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
Bitcoin Rallies Above 100k – Are the Bulls Back in Control?
XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 -- Again
Rushing to take advantage of the premium! While selling off Stocks, large amounts are being invested in Bitcoin. Why is MSTR in such a hurry?
While MSTR sells its company stocks, it is also heavily investing in Bitcoin. Analysis suggests that by selling stocks at 2-3 times net asset value, MSTR is effectively purchasing Bitcoin at a significant discount.
Optimistic sentiment makes a comeback as nearly 1 billion USD flowed into the USA spot Bitcoin ETF in a single day.
The inflow of funds into Bitcoin ETFs has rebounded.