Sunday"s GBTC unlock held more shares than the remaining events combined

Sunday’s GBTC unlock held more shares than the remaining events combined

Bitcoin (BTC) is rebounding despite the ongoing Grayscale Bitcoin Trust (GBTC) unlocking events — and most shares are already released. According to data from tracking resource Bybt, the remaining unlockings combined involve fewer shares than those which were released on just one day last weekend. Putting an end to GBTC…

Bitcoin Can Shatter $38,000 This Week, Claims Popular Crypto Trader As Grayscales Monster Unlock Looms ⋆ ZyCrypto

Bitcoin Can Shatter $38,000 This Week, Claims Popular Crypto Trader As Grayscale’s Monster Unlock Looms ⋆ ZyCrypto

Advertisement &nbsp &nbsp As bitcoin teeters around the $33,500 level, the cryptocurrency could fly higher in the course of this week as the eagerly-awaited mammoth Grayscale Bitcoin Trust (GBTC) unlock draws closer. Why Bitcoin Price Bullish Breakout Is Expected The Bitcoin price struggled to find direction in June…

As Grayscale"s Big BTC Unlock Nears, JPMorgan Puzzles Over $23,000 Bitcoin Price "Fair Value" ⋆ ZyCrypto

As Grayscale’s Big BTC Unlock Nears, JPMorgan Puzzles Over $23,000 Bitcoin Price ‘Fair Value’ ⋆ ZyCrypto

Advertisement &nbsp &nbsp Bitcoin has continued to play out in tight range since it found ground in the $29,000 area, a support area that was last established on diverse dates in January this year. Whereas most observers seem to only harbor a bullish bias, JPMorgan has constantly held…

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Crypto Exchange CEO Says Huge Grayscale Bitcoin Trust Unlock Doesn’t Matter for BTC – Here’s Why

Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, doesn’t agree with opinions about the impact of the upcoming Grayscale Bitcoin Trust (GBTC) unlock. About 40,000 BTC worth more than $1.32 billion will be unlocked from the Grayscale Bitcoin Trust this month, and analysts at JP Morgan have predicted that it…

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