Subnostr

Bitcoin Veterans 2y ago

BTC Daily Intelligence Bulletin (DIB)

Block: 824,163

DTG/ICOD: 0800EST 03Jan24

Prcedence: Routine (RR)

Controls: Public Release

QQQQ

__________________________

BLUF: BTC drops 10% due to negative tweet / Hamas leader killed by Israel in Beirut / US National Dept is over $34T

Market Data: Price: 1 BTC= $42,673, 21.92oz Gold

24hr Hi: $45,503 / Lo: $40,813

Vol: $41.5B (Up 23%)

Mkt Cap: $834.8B (Down 6.3%)

HashRate: 538 EH/s

Avg Fees: 21,386 sats/tx (down 9%)

Nodes: 17,487

---Reports---

-International Events-

1. Top Hamas Leader Killed in Suspected Israeli Strike in Beirut: A suspected Israeli attack targeted a Hamas gathering in Beirut on Tuesday, killing at least seven members of the Palestinian militant group, including one of its most influential founding members, according to Lebanese and Palestinian security officials, sending shock waves through the Middle East and bringing weekslong hostage negotiations to a halt.(WSJ)

2. Maersk Pauses Transit Through Red Sea Until Further Notice After Attack on Ship: Danish shipping giant A.P. Moeller-Maersk said it will pause all transit through the Red Sea and Gulf of Aden until further notice following the attack on its vessel Maersk Hangzhou on Dec. 30.(WSJ)

-US Events-

1. Crypto Platform MatrixPort tweets speculation of SEC Non-Approval of all ETFs in January, BTC Price drops from $45,500 to $41,000 in minutes: MatrixPort is a CryptoCurrency Platform headquarted in Singapore and has daily crypto volume at over $5B. Earlier this week MatrixPort analysts posited a $50K price target for BTC based on SEC approval for all ETFs here in the US. Today at at approximately 6am EST, they tweeted a projection of rejection of all ETFs in January, causing a sharp sell-off of BTC. The USD Price went from approx $45,300 to $41,000 within minutes, bouncing back to $42,308 as for 0740EST.(AllSource)

2. US national debt hits record $34 trillion as Congress gears up for funding fight: The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years.(AP)

-Regulatory and Legal-

NSTR*

-Central Bank Digital Currencies (CBDC)-

NSTR*

-Institutional Concerns-

1. Michael Saylor Commences Plan to Sell $216M Worth of MicroStrategy Stock Options: Saylor said during Microstrategy's Q3 earnings call that he plans to sell 5,000 shares per trading day over the course of the next four months. "Exercising this option will allow me to address personal obligations as well as acquire additional bitcoin (BTC) to my personal account," Saylor said(CoinDesk)

-Economic Indicators-

NSTR*

-Technological Updates-

NSTR*

-Security Incidents and Concerns-

NSTR*

-Bitcoin Community-

1. Bitcoin premium on Coinbase has shot up alongside the latest rally: The “Coinbase Premium Gap” is an indicator that keeps track of the difference between the Bitcoin prices listed on cryptocurrency exchanges Coinbase and Binance.(Bitcoinist)

-Bitcoin Sentiment-

1. Fear(0)/Greed(100) Index: 70/100 (Down 1 pt)

Analyst Comments (AC): Anticipation of the SEC approval for BTC ETF is high, resulting in a significant selloff on a negative speculation tweet by MaxiPort this morning.

Reply to this note

Discussion