Bitcoin (BTC) — Onchain News & Whale Tracking

ECB President: Confident EU Member States Will Not Choose Bitcoin as a Reserve Asset

On January 30th, European Central Bank President Lagarde expressed that she is of the opinion that EU member states will not select Bitcoin as a reserve asset. (CONFIDENT THAT BITCOIN WILL NOT BE INCLUDED IN EU RESERVES)

Thumzup Shareholder Letter: Owning 19.1 BTC Strategic Reserve, Allocating 90% of Liquid Assets to Bitcoin

On January 30th, Thumzup Media Corporation (NASDAQ: TZUP) issued a letter to its shareholders, detailing the notable accomplishments of the company in 2024 and its future strategic outlook. The shareholder letter stated that due to Thumzup's strategic emphasis on cryptocurrency, the company also obtained board approval on January 17th to allocate up to 90% of its liquid assets to Bitcoin. This decision highlights Thumzup's dedication to using Bitcoin not only as a means of payment but also as a crucial element of Thumzup's financial asset strategy. In order to continuously innovate and enhance user options, Thumzup strategically acquired 19.106 BTC with an investment amount of $2,000,020.

Analyst: Bitcoin Highly Correlated with Russell 2000 Tech Sector

On January 30th, JPMorgan analysts discovered that Bitcoin has the highest correlation with small-cap tech stocks, particularly with the Russell 2000 tech sector. This correlation tends to reach its peak during periods of strong tech market performance or sell-offs. “Both Bitcoin and altcoins exhibit this characteristic. Although the former has a higher average correlation,” stated JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou in a report on Wednesday. “The fact that cryptocurrencies are more correlated with smaller rather than larger tech stocks makes sense considering the reliance of cryptocurrencies on venture capital and the focus of blockchain/crypto innovation typically on smaller rather than larger tech companies.” The Russell 2000 Index is a U.S. stock market index that tracks the 2,000 smallest stocks within the broader Russell 3000 Index.

Tesla Bitcoin Holdings Unrealized Gain Increases by $600 Million, Based on New Accounting Standard

On January 30th, due to the new accounting standards permitting the quarterly revaluation of digital asset value at the market price, Tesla recorded a $600 million unrealized gain on its Bitcoin holdings during the fourth quarter of 2024, raising the value of its digital asset holdings to $1.076 billion. In the fourth quarter of 2024, Bitcoin witnessed a growth of more than 50%. Tesla did not make a disclosure regarding its Bitcoin holdings. However, data from Arkham Intelligence indicates that it holds approximately 11,500 bitcoins. As a consequence, Tesla's net income for the fourth quarter was $2.3 billion, and its stock price rebounded by 4.15% in after-hours trading.

Analysis: The Trump administration is highly unlikely to create a Bitcoin strategic reserve in the first three months.

On January 30th, among Polymarket's bettors, there is skepticism regarding the United States creating a strategic Bitcoin (BTC) reserve within the first 100 days of the Trump administration, with only a 16% probability. Crypto czar David Sacks mentioned the exploration of this. Wyoming Republican Senator Cynthia Lummis, who is known for her pro-Bitcoin policy stance, has introduced a bill proposing the establishment of a reserve. However, this is a measure that is not related to the efforts of the White House. Furthermore, Texas is also moving forward with its own strategic BTC reserve plan, and bettors believe there is a 53% chance that the state will pass relevant legislation by 2025.

Trump Brand Watch Now Available, Supports Bitcoin and TRUMP Pay

On January 30th, the Trump-branded watch became available for sale on its website, accepting payments in Bitcoin or TRUMP. This watch series is a limited edition, with each watch having a unique number. Users who wish to pay with the TRUMP token can choose the "Solana Pay" payment option on the website.

Hedge Fund Company D.E. Shaw Invests in Bitcoin Mining Firm Riot Platforms

On January 30th, as per Reuters, the hedge fund company D.E. Shaw has established a position in Riot Blockchain (RIOT.O) and might strive for alterations at the company, as informed by two individuals with knowledge of the matter, thereby becoming the second activist shareholder in the cryptocurrency mining firm. Reuters was unable to determine the magnitude of D.E. Shaw's stake in Riot. The representatives of Riot and D.E. Shaw refrained from commenting on this matter.

Bitcoin Rebounds to Reach $105,000

On January 30th, based on HTX market data, Bitcoin has rebounded and reached $105,000. It is currently trading at $105,000, with a 24-hour percentage change of 3%.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $92.62 million

On January 30th, according to the monitoring data of Trader T, the US Bitcoin spot ETF witnessed a net inflow of $92.62 million the previous day.

U.S. Senator Cynthia Lummis: Public Hearing to Be Held on Strategic Bitcoin Reserve

On January 30th, Cynthia Lummis, who is the proponent of the "Bitcoin Strategic Reserve Act" and the chairperson of the Digital Assets Group of the U.S. Senate Banking Committee, posted on X and stated that "one of the most important priorities will be to conduct a public hearing on the strategic Bitcoin reserve."

Tesla Q4 Earnings Report: Bitcoin Holdings Unchanged for Tenth Consecutive Quarter

On January 30th, Tesla (TSLA.O) disclosed its 2024 Q4 financial report. It was stated that Tesla did not engage in any Bitcoin sales or purchases during this quarter, which marked the tenth consecutive quarter without trading activities. Currently, Tesla holds approximately 9,720 bitcoins, which were acquired at an average cost of around $337 million.

Market News: Salvadoran Congress Approves President's Reform Proposal on National Bitcoin Law

On January 30th, as per market sources, the Congress of El Salvador has given approval to the President's reform proposal regarding the country's Bitcoin Law. (Golden Ten)

Texas Lieutenant Governor Announces "Bitcoin Reserve" as 2025 Legislative Priority

On January 30th, Deputy Governor Dan Patrick of Texas announced the 2025 legislative priorities of the state. These priorities include a proposed establishment of a Texas Bitcoin Reserve. Texas has joined at least five other U.S. states that are actively working towards the establishment of a Bitcoin (BTC) or cryptocurrency reserve. Arizona and Utah are among these states where strategic reserve bills have already passed through committees. (Cointelegraph)

Bitcoin Rebounds to Hit $104,000, Rises 2.5% in 15 Minutes

On January 30th, according to HTX market data, Bitcoin witnessed a rebound and touched $104,000. It is currently priced at $103,713 and has seen a 2.5% increase in the past 15 minutes.

Bitcoin Surges Above $102,000

On January 30th, according to HTX market data, Bitcoin has seen a rebound and reached above $102,000. It is currently trading at $102,228.

FOMC Statement Leans Hawkish, Bitcoin briefly drops below $102,000

On January 30th, based on HTX market data, due to the slightly hawkish FOMC statement, Bitcoin briefly dropped below $102,000 and is currently trading at $102,029.

Bitcoin Surges to Touch $103,000

Update: On January 30th, based on HTX market data, Bitcoin has experienced a rebound and reached $103,000. Currently, it is trading at $102,960.

Utah Bitcoin Bill Advances Through House Economic Development and Workforce Services Committee

On January 30th, as per Cointelegraph, the Bitcoin bill in Utah has obtained approval from the House Economic Development and Workforce Services Committee. Subsequently, the bill has been submitted for consideration within the House. This bill is set to create a pathway for Utah to make investments in Bitcoin and other digital assets.

Bitcoin Surges Past $102,000

On January 29th, according to HTX market data, Bitcoin experienced a rebound and exceeded $102,000. The 24-hour decrease was narrowed to 0.27%.

Robinhood Launches Futures Trading, Including Bitcoin, Forex, and Stocks

On January 29th, according to market information, Robinhood has begun to provide futures trading, encompassing Bitcoin (BTC), foreign exchange (FX), and stocks.

Forbes: Bitcoin and Crypto Market Brace for Impact From Fed's Major Rate Decision

On January 29th, as reported by Forbes, the prices of Bitcoin and cryptocurrencies saw a temporary stabilization yesterday when they were on the verge of collapse. However, the market sentiment remains tense. The previous sudden sell-off has triggered investors' concerns about a "financial crisis". Bitcoin's price once dropped sharply to around $100,000 and then rebounded to around $102,000. But the overall market is still sluggish. Despite BlackRock CEO Larry Fink revealing significant news about a sovereign wealth fund, the market sentiment remains weak.

Bitcoin Drops Below $102,000

On January 29th, based on HTX market data, Bitcoin fell below $102,000, experiencing a 24-hour decline of 0.92%.

Czech National Bank Governor: Discussion by the Board Needed on Euro Reserve Investment in Bitcoin, Decision Not Expected Soon

On January 29th, the Governor of the Czech National Bank, Ale? Michl, stated in a post on the X platform that the objective of the Czech National Bank is to maintain price stability. When he assumed office in July 2022, the domestic inflation rate in the Czech Republic was as high as 17.5%. Thus, his mission during his tenure is to bring down inflation to the target level and achieve the diversification of asset reserves. Ale? Michl said that the Czech National Bank will gradually increase its gold holdings, with the holdings rising from 0% to approximately 5%, and plans to invest 30% in stocks. Bitcoin currently has zero correlation with bonds, making it an intriguing asset for large portfolios and worthy of consideration. Currently, it is still in the stage of analysis and discussion. The Bank's Board of Directors will make a decision, and a decision will not be made promptly. A careful analysis is required. In previous news, the Governor of the Czech National Bank stated in an int

Bitcoin Briefly Surges Above $103,000

On January 29th, based on HTX market data, Bitcoin briefly rebounded to above $103,000 and is currently trading at $102,966, with a 24-hour change of 0.13%.

The prediction market on Polymarket gives a 55% probability to "The US establishing a Bitcoin national reserve by 2025."

On January 29th, the probability on Polymarket that "The United States will establish a Bitcoin national reserve by 2025" has reached 55%. At the present moment, the total trading volume for this prediction has reached $531,500.

Matrixport: Ethereum's Price Slumps Post-Merge, Investors Still Prefer Bitcoin

January 29th. Matrixport presented its market outlook, indicating that since the merger in 2022, the market performance of ETH has significantly trailed behind Bitcoin. The majority of Ethereum's upgrades have had a rather limited impact on the price of ETH. Instead of being a major positive event, it seems more like a step-by-step preparation for the blockchain's widespread adoption. Wall Street's interest in an Ethereum ETF has also been rather inconsistent. Meanwhile, Ethereum is under significant pressure in dealing with emerging market trends. For instance, a growing number of users are more inclined to issue meme coins on blockchains with lower costs. However, Ethereum still has its highlights, such as the issuance of the USDT stablecoin. Although Tron has lower transaction fees, the recent issuance of USDT on Ethereum has exceeded that on Tron, demonstrating a certain advantage. Overall, Ethereum still faces numerous challenges in further strengthening its market position and

Czech National Bank Governor: If approved, the central bank will consider allocating 5% of its €140 billion reserve to Bitcoin

On January 29th, as reported by the Financial Times, the governor of the Czech National Bank expressed a wish to invest the country's billions of euros in foreign exchange reserves into Bitcoin. He indicated that if approved, the Czech National Bank might eventually allocate up to 5% of its €140 billion reserves to Bitcoin.

South Dakota and Kentucky Legislators Plan to Introduce Bitcoin Reserve Legislation

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $18.4 million

On January 29th, as monitored by Farside Investors, the net inflow of $18.4 million into the US Bitcoin spot ETF yesterday was as follows: The net inflow of BlackRock's IBIT was $30.1 million. The net outflow of ARK's ARKB was $11.7 million. The net flow of all other ETFs was 0.

Electric Vehicle Energy Technology Company Nuvve Plans to Use 30% of Idle Cash to Purchase Bitcoin

On January 29th, Nuvve, a clean energy electric vehicle charging technology company listed on Nasdaq, announced that it intends to "allocate up to 30% of its remaining cash for the purchase of Bitcoin based on an estimated six-month operating expense." Nuvve stated that adding Bitcoin will diversify its treasury assets and is in line with its goal of providing Bitcoin payment options. According to market data, on January 28th, Nuvve (NVVE) closed at a price with only a 1.81% increase to $2.81, which is significantly lower than the intraday high of over $4.

Bitcoin Surges Above $103,000 for a Brief Period

On January 29th, according to HTX market data, Bitcoin briefly exceeded $103,000, showing a 24-hour percentage change of 3.28%.

Bitcoin Breaks $103,000, 24-hour Gain Reaches 1.53%

On January 28th, according to HTX market data, Bitcoin exceeded $103,000 and is currently trading at $103,212, showing a 24-hour price increase of 1.53%.

Bitcoin briefly drops below $102,000

On January 28th, based on HTX market data, Bitcoin briefly fell below $102,000 and is currently trading at $102,044, showing a 24-hour percentage change of 1.81%.

Due to the market turbulence caused by DeepSeek, the Bitcoin futures basis has turned negative for the first time since August last year.

On January 28th, the research director of K33, Vetle Lunde, stated that the sharp decline in NVIDIA's stock price yesterday had a chain reaction on the cryptocurrency market, prompting traders on the Chicago Mercantile Exchange (CME) to quickly hedge their risks. The Bitcoin futures basis has dropped to a negative value for the first time since August 2023, and the nominal open interest has experienced the largest single-day drop ever, plummeting by as much as 17,225 bitcoins. It is reported that the futures basis is the difference between the futures contract price and the current spot price of the underlying asset. It is an indicator of market sentiment and expectations. When the futures basis drops into negative territory, it indicates a shift to bearish sentiment. In a situation where risk aversion intensifies, traders are willing to sell futures at a price below the spot price. (The Block)

If Bitcoin breaks $104,000, the mainstream CEX cumulative short liquidation pressure will reach $538 million.

On January 28th, based on Coinglass data, if Bitcoin manages to break through $104,000, the cumulative short liquidation intensity on mainstream CEX will reach $538 million. Conversely, if Bitcoin drops below $101,000, the cumulative long liquidation intensity on mainstream CEX will reach $628 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that particular point.

Bitcoin Short-Term Holders Move Nearly $2.2 Billion Worth of Bitcoin to Exchanges on Monday

On January 28th, as per CoinDesk's report, Bitcoin short-term holders incurred losses and exited on Monday due to the price drop. Meanwhile, derivative traders also triggered stop-loss orders, resulting in a significant reduction in open futures contracts on the Chicago Mercantile Exchange. According to Glassnode's definition, short-term holders are those who have held Bitcoin for less than 155 days. The data indicates that these addresses transferred more than 21,000 BTC (approximately $2.2 billion) to exchanges and sold at a loss during a 4.7% drop in the Bitcoin price (the largest in two weeks). The amount of Bitcoin transferred to exchanges was the second-highest this month. This may reflect that investors who bought near the all-time high price of Bitcoin at the beginning of the year (around $108,000) panicked as the price suddenly fell below $100,000.

Bitcoin Surpasses $103,000

On January 28th, based on HTX market data, Bitcoin has exceeded $103,000, and the 24-hour percentage change is 4.16%.

Metaplanet: Plans to accumulate 10,000 bitcoins by the end of 2025, and further increase the holdings to 21,000 bitcoins by the end of 2026.

On January 28th, the publicly traded Japanese company Metaplanet officially announced its Bitcoin strategic plan for 2025 to 2026. The goal is to hold 10,000 bitcoins by the end of 2025 and further increase it to 21,000 bitcoins by the end of 2026.

Metaplanet is planning to raise approximately 116 billion yen to purchase Bitcoin

On January 28th, the publicly traded Japanese company Metaplanet announced that MetaPlanet will issue 21 million new stock warrants with a 0% discount rate in order to raise approximately 116 billion Japanese yen (about 7.45 billion US dollars) for the purpose of further purchasing Bitcoin. This is set to be the largest Bitcoin acquisition fundraising in the history of Asian stock markets.

Matrixport: Introduction of a Bitcoin Spot ETF to Wall Street Investors Could Potentially Reduce Bitcoin Volatility, Institutional Inflows Will Further Stabilize the Market

On January 28th, Matrixport released today's chart report which stated that over the past five years, the 30-day realized volatility of Bitcoin has averaged 58%. Generally speaking, during bull markets and bear markets, the volatility exceeds this average. For example, during the 2020/2021 bull market and the 2022 bear market. However, the recent volatility is unusually low, which is very remarkable because Bitcoin's volatility is usually magnified in a rising or falling market. After the introduction of a Bitcoin spot ETF to Wall Street investors, it seems to have played a significant role in restraining Bitcoin's volatility. The lower volatility enables institutional investors to undertake more risks. Coupled with Bitcoin's strong performance in 2023 and 2024, this may continue to attract more Wall Street funds. With institutional buy-side absorbing market downturns, this trend is expected to further stabilize Bitcoin's price and thus suppress its volatility.

VanEck Executive: Bitcoin Is the Only Cryptocurrency Suitable for US Government Reserves

On January 28th, the Digital Asset Research Director, Matthew Sigel, stated that Bitcoin is the only cryptocurrency that is suitable for the US government's reserves. This is because it has a fundamental difference from all other digital assets.

Bitcoin Surges to Touch $103,000

On January 28th, based on HTX market data, Bitcoin rebounded and reached $103,000. It is currently trading at $102,999, with a 24-hour percentage change of 2.05%.

Arizona Approves Strategic Bitcoin Reserve Bill

On January 28th, as per Crypto Briefing, lawmakers in the state of Arizona, USA, have put forward a bill that would make it possible to invest public funds in Bitcoin and other digital assets. On January 27th, the state Senate Finance Committee approved the bill with a 5-to-2 vote. This proposed legislation, which is co-sponsored by Wendy Rogers and Jeff Weninger and is called SB1025, the "Arizona Strategic Bitcoin Reserve Act", would enable the state to invest up to 10% of public funds (including those held by the state treasurer and retirement systems) in Bitcoin and other cryptocurrencies. The bill also includes provisions for holding digital assets in a secure segregated account within a potential federal strategic Bitcoin reserve if the US Treasury Secretary were to establish a government asset strategic Bitcoin reserve.

Yesterday, the United States Bitcoin Spot ETF saw a net outflow of $4.5793 billion

On January 28th, according to data from Farside Investors, the net outflows of the US Bitcoin spot ETF yesterday were $457.93 million. These included: - A net inflow of $63.47 million for BlackRock IBIT; - A net outflow of $108.5 million for Grayscale GBTC; - A net outflow of $268.6 million for Fidelity FBTC; - A net outflow of $50.1 million for ARKB; - A net outflow of $5.7 million for HODL.

Cboe Files for 19b-4 to Allow ARK Bitcoin and Ethereum ETF in-kind Creation and Redemption

On January 28th, as per Cointelegraph, Cboe has submitted a 19b-4 application to the U.S. SEC, aiming to obtain approval for enabling in-kind creations and redemptions of ARK's 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF. BlockBeats Note: Once the Bitcoin spot ETF and Ethereum spot ETF are approved, they will only permit creations or redemptions to be carried out through cash. In other words, for buying and selling, the settlement will only be in cash.

Bitcoin Surges Past $102,000

On January 28th, according to HTX market data, Bitcoin experienced a rebound and exceeded $102,000. The 24-hour price decline narrowed to 2.47%.

Bitcoin Surges Past $101,000

On January 28th, according to HTX market data, Bitcoin saw a rebound and exceeded $101,000. The 24-hour decline was narrowed to 3.76%.

Bitcoin Surges Above $100,000

On January 28th, based on HTX market data, Bitcoin experienced a rebound and exceeded $100,000. The 24-hour price change narrowed to 4.80%.

Bitcoin Temporarily Drops Below $99,000

On January 28th, based on HTX market data, Bitcoin briefly fell below $99,000, experiencing a 24-hour decrease of 5.71%.

Bitcoin Drops Below $100,000

On January 28th, based on HTX market data, Bitcoin fell below $100,000 and is currently trading at $99,825, experiencing a 24-hour loss of 4.95%.