Daily Market Report (January 4, 2024, 10:15 AM)
ChainDD's market report on January 4 shows that the comprehensive DD index and CoinMarketCap quotes:
BTC is priced at $97,980.82, up about 1.17% in 24 hours;
ETH is priced at $3,594.66, up about 3.90% in 24 hours;
BNB is priced at $716.67, up about 1.79% in 24 hours;
DOT is priced at $7.80, up about 8.12% in 24 hours;
DOGE is priced at $0.3779, up about 12.37% in 24 hours.
Cryptocurrency Market Dynamics
The United States accounts for over 40% of the global Bitcoin hash rate
TheMinerMag data shows that the United States accounts for over 40% of the Bitcoin network hash rate, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all mined blocks. According to TheMinerMag, Foundry USA's hash rate grew from 157 EH/s at the beginning of 2024 to about 280 EH/s in December. Foundry is currently the largest single mining pool by hash rate, controlling about 36.5% of the total Bitcoin network hash rate.
Yesterday, BlackRock's IBIT had a net inflow of $252.3 million
Bloomberg terminal data shows that BlackRock's Bitcoin spot ETF IBIT had a net inflow of $252.3 million yesterday.
MicroStrategy plans to issue up to $2 billion in preferred stock to increase its Bitcoin holdings
MicroStrategy plans to raise up to $2 billion through the sale of preferred stock to advance its previously announced plan to raise $42 billion over three years for Bitcoin purchases.
MicroStrategy's latest issuance is expected to take place in the first quarter of 2025, but it depends on market conditions; the company reserves the right to decide whether to proceed. The preferred stock sold may be convertible into MSTR Class A shares and pay dividends. MicroStrategy has not set a target price for this issuance.
BlackRock's IBIT had the highest net outflow since its inception yesterday
According to Trader T's monitoring, BlackRock's Bitcoin spot ETF had a net outflow of 3,412 Bitcoins yesterday, worth approximately $330 million, marking the highest net outflow record since the ETF's inception.
ai16z founder: ai16z has no relation to a16z
ai16z founder Shaw stated on platform X that ai16z has no relation to a16z.
