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Bitcoin and Altcoins Dip as Market Opens in the Red

1 min read
Source: CoinDesk
Bitcoin and Altcoins Dip as Market Opens in the Red
Photo: CoinDesk
TL;DR

Bitcoin hovers around $40,000 with options worth $3.75 billion set to expire on Friday, while Swiss crypto bank Sygnum closes a $40 million funding round to expand into new markets. Tesla's Q4 2023 earnings report reveals no change in its bitcoin holdings, remaining at over 9,720 BTC. The ether-bitcoin ratio has reversed half of its early January rally, reflecting bearish sentiment in the ether options market, although some analysts remain optimistic about ether's performance in the coming months.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#cryptocurrency-markets#options-expiry#sygnum#tesla
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  2. Crypto fans got what they wanted. So why is bitcoin falling?  CNN
  3. Why Bitcoin's 'relentless' selling will end in weeks  DLNews
  4. Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry  CoinDesk
  5. Bitcoin down 20% since ETFs approval, but may still see record high this year  MarketWatch

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