Bitcoin fell below $50,000 today and the world economy is reeling amid growing recession concerns. Key events driving global sales include:

⚫ Increasing Unemployment Rate
— The unemployment rate in the USA rose to 4.3% in July, above expectations.
— High unemployment indicates a potential recession that could cause both the stock market and cryptocurrency to crash.

⚫ Turmoil in the Asian Market
— Japan's NIKKEI fell a historic 13%, the worst decline since the 1987 crash.
— South Korea's KOSPI index fell 8.7%, triggering a temporary halt.
— Taiwan's TAIEX index fell 8.4%, its worst day ever.

⚫ Mt. Gox and Genesis Distribution
—Mt. Gox has only 46 thousand BTC left, worth $ 2.5 billion, to distribute to creditors.
— Genesis will begin distributing $2 billion worth of BTC.

⚫ Stock Market Turmoil
— The US capital market lost over 3 trillion dollars in a single day due to the bursting of the artificial intelligence bubble.
- 500 billion dollars were lost in just one night.

⚫ Fed Maintains Current Interest Rates
— The Fed kept interest rates at 5.25-5.50%, affecting market sentiment and liquidity.
— Without lowering rates, the market may view this as a bearish signal.

⚫ Miner Reserves Drop Amid ATH Challenge
— Bitcoin mining difficulty has reached an all-time high, causing miners to sell reserves to offset costs.
— Bitcoin mining reserves have been extremely low since the crash on July 15.

⚫ Kamala Harris' Rates Increase
— Crypto betting site Polymarket saw Harris' odds rise to 43% compared to Trump's 53%.

#btc #ETH #USDT #Binance #downtrend

Mercari, Japan's largest online second-hand trading platform, will accept Bitcoin payments through its crypto subsidiary Melcoin starting in June.

Payments made in BTC will be converted to Japanese Yen, allowing recipients to choose BTC as the payment method.

In December, cryptocurrency exchange trading volume surpassed $1 trillion for the first time in more than a year, driven by optimism about potential spot #Bitcoin #ETF approval, data shows.

Binance led the way with 39.3% of the volume.

Fidelity, the $4.5 trillion asset manager, has filed securities registration with the SEC for its spot Bitcoin ETF.

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In December, monthly revenue for Bitcoin miners hit a record high of $320 million.

#btc #btctoday #BTC/USDT

According to data, December 2023 was a breakthrough month for NFT sales on the Bitcoin chain, reaching $881 million.

The record-breaking month featured 111.7 thousand buyer addresses and 98 thousand seller addresses.
#BTC #ORDI #ordinalsnft

The Hong Kong Securities and Futures Commission (SFC) will accept applications for a Bitcoin spot ETF.

The regulatory framework covers issuer qualifications, asset requirements, investment strategy, application and redemption processes, custody, valuation, risk disclosure, approval and investor restrictions.
#ETF

According to Matrixport, Bitcoin is expected to rise above $50,000 in January 2024 due to factors such as the potential approval of the Bitcoin Spot ETF, strong institutional interest and supply shortages, and increased use of cold storage.
#BTC