In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana’s SOL, which endured a double-digit pullback, one analyst said.
Bitcoin has had two 15% corrections since Donald Trump won the U.S. election.
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.
Bitcoin and ether holders can get loans to acquire tokenized properties — and use their crypto as collateral.
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.
Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
Also: New grants for DePIN; DAO governance merger
El Salvador started accumulating BTC under Bukele’s leadership, fueling speculation about Trump’s strategic reserve promises.
The küresel investment management firm plans to launch two similar funds in February.
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