Hakan Ateşler 
Although Bitcoin reached its $69,000 peak again yesterday after more than 2 years, it could not stay here for long and experienced a sharp decline down to $59,000. The main reason behind the big sell-off is estimated to be that some accounts that were mining even in 2010 moved BTC to Coinbase.
BlackRock, the company that approved the Bitcoin spot ETF on 10 January, made a new application to the SEC. The giant company, which manages $10 trillion in assets, wants to include Bitcoin in one of its major funds.
Bitcoin spot ETFs received one of their largest investments yesterday. There was a net inflow of 562 million dollars to ETFs. While Grayscale continued its sell-offs on Thursday and Friday yesterday, there was an outflow of $368 million from the company. On the other hand, BlackRock was the company that received the most investment.
Cryptocurrency analyst Willy Woo, who is widely talked about with his predictions, especially during the bull season in 2021, stated that we are still in the early stages of the bull season and that he predicts that the price will be “at least” $125 thousand by the end of 2025.
Bitdeer, a Singapore-based company as well as a mining company listed on the Nasdaq stock market, has officially announced its own chip called SEAL01 and a device called SEALMINER A1. The chip, which will be 4 nano-metres in size, will be able to save energy as well as perform more calculations.
As the upward movement in Shiba Inu continued today, an investor received the reward for more than 2.5 years of waiting by earning 628x profit. The person who bought the meme token by spending only 1.5 ETH made $1.5 million.
While Bitcoin is getting closer to the record of $69,000 every day, the $68,000 level was surpassed last night. According to the news reported by Reuters on The Block data, the big surge in Bitcoin is fuelled by crowded groups in the Far East rather than small investors’ purchases in North America. There is also great interest in US ETFs from the Far East…
MicroStrategy, whose stock value broke a record yesterday and closed the day with a new record, announced that it will issue $600 million of convertible notes with the aim of buying more Bitcoin. The notes, which will expire in 2030, will be offered to a group of private and qualified institutional buyers.
Tether, the world’s largest issuer of stablecoins, announced that it has developed a recovery solution against problems in blockchains. Authenticated users at their addresses will have the chance to withdraw these tokens to another blockchain in case the blockchain where they hold their USDT does not work or has problems.
Cryptocurrency investment products received the second largest net investments in their history last week. While the products saw a net inflow of $1.84 billion, US ETFs dominated the sector. Weekly trading volumes also surpassed $30 billion. 94% of the investment inflow came to Bitcoin products. The increase in XRP and Chainlink funds was also an important detail.