Crypto News in a Minute - 16 January 2024 Blackrock GBTC fidelity Argentina arkham halving [AkwnXx5dJQj]
Following their launch last week, Bitcoin ETFs by Grayscale, BlackRock, and Fidelity are making waves, controlling about 90% of the market trading volume. Meanwhile, in Argentina, Bitcoin has marked its first-ever use in a rental agreement. This follows legal amendments that allow payments in currencies not recognized as legal tender. In other news, 2 billion dollars worth of dormant Bitcoin has been moved for the first time since 2019, coinciding with the outflows from Grayscale’s Bitcoin Trust fund hitting the market. A recent study by CoinGecko revealed that over half of the cryptocurrencies listed since 2014 have failed. However, a mere 10% of listed cryptos failed last year, indicating market maturity. Lastly, anticipation is building for the upcoming Bitcoin halving event. Historically, halvings have resulted in bullish rallies. Are we on the verge of another significant surge?