Bitcoin hits $47,000 for first time since January, rising more than 10% in a week
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.
On today’s show, Jacqueline Burns Koven, head of cyber threat intelligence at Chainalysis, explains what contributed to total crypto ransom payments jumping to their highest level yet in 2023 and if the trend will continue in 2024.
Meanwhile, crypto-related stocks bolted higher. Crypto exchange Coinbase (COIN) saw COIN stock jump about 7% Friday after gaining 8.6% Thursday. Bitcoin miner Marathon Digital vaulted 10.7%.
MicroStrategy, the largest publicly-traded bitcoin holder, leapt 10% Friday, adding to its 15.7% rally Thursday. The company acquired another 850 BTC in January, bringing its total to 190,000 worth about $8.1 billion, MicroStrategy announced during its Q4 earnings call on Feb. 6.
Bitcoin ETF shares gained more than 4% Friday as bitcoin price climbed.
BlackRock‘s (BLK) iShares Bitcoin Trust (IBIT) has been the clear leader in fund inflows since the spot bitcoin ETFs launched Jan. 11 with nearly $3.23 billion in inflows as of Feb. 8, according to Bloomberg data. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second at $2.8 billion in inflows. Bitwise Bitcoin ETF (BITB) saw $696 million in total inflows as of Feb. 8 followed by the ARK 21Shares Bitcoin ETF (ARKB) at $695 million.
Grayscale Bitcoin Trust (GBTC) recorded about $6.23 billion in outflows as of Feb. 8, which have steadily slowed. Still, Grayscale remains the leader in terms of assets, with $21.23 billion in assets under management, followed by iShares Bitcoin Trust at $3.44 billion.
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