Developments to Follow for Bitcoin and Cryptocurrency Investors in the First Week of 2024!
The post Developments to Follow for Bitcoin and Cryptocurrency Investors in the First Week of 2024! appeared on BitcoinEthereumNews.com.
– Advertisement – At the beginning of this year, BTC was trading around $16,500. Throughout the year, institutional interest in Bitcoin revived the market. MicroStrategy once again purchased 14,620 Bitcoins, making a total cash payment of $615.7 million. The average price per Bitcoin was $42,110. The Securities and Futures Commission of Hong Kong issued a statement indicating that it is ready to evaluate applications for funds involving virtual assets. The year 2023 concludes with busy agendas for Bitcoin and cryptocurrencies: What to expect in the first week of 2024? Notable Developments in the Last Week of 2023 As 2023 comes to an end, positive expectations continue for the Bitcoin market. The price of Bitcoin has gained over 150% this year, reaching above $40,000. At the beginning of the year, BTC was trading around $16,500. Institutional interest in Bitcoin throughout the year has revived the market. Before looking at the developments in the first week of 2024, let’s take a look at what happened in the last week… MicroStrategy Purchases 14,620 Bitcoins for $615.7 Million MicroStrategy once again purchased 14,620 Bitcoins, making a total cash payment of $615.7 million. The average price per Bitcoin was $42,110. As of December 26, 2023, MicroStrategy’s total Bitcoin holdings reached 189,150 BTC. This asset was acquired at an approximate cost of $5.9 billion, with an average price of $31,168 per Bitcoin. Securities and Futures Commission of Hong Kong: Ready for Approval Applications for Virtual Asset Spot ETFs The Securities and Futures Commission of Hong Kong issued a statement indicating that it is ready to evaluate applications for funds involving virtual assets. This includes applications for exchange-traded funds (ETFs) based on virtual asset spot trading. Additionally, the Commission supports funds investing in virtual asset tokens permitted for retail trading on eligible exchanges in Hong Kong and…
Filed under: News - @ December 31, 2023 9:28 am