Bitcoin24h $83,010.80+0.30%

Ethereum24h $2,501.66+0.27%

BNB24h $748.61+0.11%

XRP24h $1.39-0.68%

Solana24h $109.40-0.23%

TRON24h $0.3304-0.12%

Hyperliquid24h $85.06+0.88%

Zcash24h $1,231.58+0.41%

Dogecoin24h $0.0853-0.65%

Monero24h $532.50+1.73%

Grayscale and MicroStrategy struggles hint at hard times for crypto

With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.

Grayscale Bitcoin Trust tanks to -35% discount — no ETF in sight

Usually trading way above bitcoin’s spot price since 2015, Grayscale’s Bitcoin Trust is currently at a -35% discount to its Net Asset Value.

Despite JP Morgan chairman Jamie Dimon’s longstanding hatred of crypto, his bank has a lengthy history of dabbling in digital currencies.

Is bitcoin a rich man’s casino? Comparing price action with moves by major players seems to confirm they can indeed shift the bitcoin market.

BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.