The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Deutsche Bank-backed Swiss firm Taurus has received regulatory approval to offer tokenized securities to retail clients.
Masa Network has raised $5.4 million in a seed funding round to build a decentralized network on Avalanche focused on personal data.
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The exploit on Jan. 16 saw as much as $3.3 million stolen, according to blockchain security firm PeckShield.
New spot bitcoin ETFs, excluding Grayscale’s converted fund, have reached more than 100,000 BTC in holdings after just seven days of trading.
BTC was down nearly 5% in the past 24 hours, reaching its lowest level in two months. The CoinDesk 20, a liquid index of the highest tokens by market capitalization, fell 7%.
Bitcoin has fallen below the $39,000 mark, increasing the risk of a further price correction from short-term holders, analysts said.
The Guppy Multiple Moving Average indicator is about to flash a red signal, indicating a strengthening of downward momentum.
