📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $16,640
Bitcoin price has started the week in the mid-$16,000s, following a failed show of strength from cryptocurrency’s recent rally.
Top-20 altcoins are mostly trading flat since yesterday, as Ethereum and BNB remain unchanged, XRP falls 3% and Shiba Inu is up 1%.
Top Stories for December 19, 2022 🔥
Grayscale Investments CEO Michael Sonnenshein says that the firm may consider buying back a portion of Grayscale Bitcoin Trust (GBTC) shares, if its attempt to convert GBTC into an exchange-traded fund (ETF) is unsuccessful.
The offer would be for no more than 20% of the outstanding shares of GBTC and would require regulatory approval from the US Securities and Exchange Commission and shareholder approval.
Grayscale and GBTC are currently involved in a lawsuit with the SEC after the agency denied Grayscale’s application to convert GBTC into a spot Bitcoin ETF.
Bitcoin mining difficulty has seen a jump of 3.27%, its largest since last summer, following a long period of decline.
The reasons for the fluctuation are not fully understood, but it is thought to be related to the switching on and off of mining machines based on energy prices and profitability, as well as the deployment of more efficient models.
The increase comes at an interesting time, however, as the market price of Bitcoin continues to hover around 2-yearly lows.
Binance.US has struck a deal with crypto lending company Voyager Digital to acquire its assets, beating offers from CrossTower, Wave Financial and INX.
The deal “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible, and returned to them in the form of the cryptocurrencies previously held in their Voyager accounts.”