{"id":570447,"date":"2024-01-19T20:55:00","date_gmt":"2024-01-19T20:55:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=570447"},"modified":"2024-06-11T14:44:42","modified_gmt":"2024-06-11T14:44:42","slug":"bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","title":{"rendered":"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000"},"content":{"rendered":"

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a sharp drop below the $41,000 mark as<\/span> exchange-traded funds<\/span><\/a> (ETFs) for Bitcoin went live on January 12.\u00a0<\/span><\/p>\n

The subsequent profit-taking, selling pressure, and outflows from Grayscale’s Bitcoin Trust ETF (GBTC) played a significant role in the downward trend.<\/span><\/p>\n

Grayscale’s Bitcoin Transfers To Coinbase Intensify<\/span><\/h2>\n

On Tuesday, NewsBTC <\/span>reported <\/span><\/a>that six days ago, Grayscale initiated the first batch of BTC outflows from their holdings to a Coinbase, totaling 4,000 BTC (approximately $183 million) over six days.\u00a0<\/span><\/p>\n

However, the asset manager resumed outflows from the Trust to the exchange on Tuesday, sending an additional 11,700 BTC (equivalent to $491.4 million) to Coinbase.\u00a0<\/span><\/p>\n

Related Reading: Cardano To $7? Analyst Predicts When ADA Will Resume Uptrend<\/a><\/div>\n

Furthermore, on Friday, <\/span>data <\/span><\/a>from Arkham Intelligence revealed that 12,865 BTC ($529 million) were transferred from the Grayscale Trust address to Coinbase Prime.\u00a0<\/span><\/p>\n

\"Bitcoin
Grayscale’s latest BTC transfers to Coinbase. Source: Arkham Intelligence<\/a><\/figcaption><\/figure>\n

In total, the Grayscale Trust address has transferred 54,343 BTC ($2.313 billion) to Coinbase Prime during the opening hours of the US stock market over five consecutive trading days since January 12, which has undoubtedly contributed to the <\/span>downtrend <\/span><\/a>in Bitcoin’s price.<\/span><\/p>\n

Selling Frenzy Among BTC Miners<\/span><\/h2>\n

In addition to Grayscale’s selling spree, there has been increased selling activity by Bitcoin miners ahead of the upcoming Bitcoin halving.\u00a0<\/span><\/p>\n

Crypto analyst Ali Martinez <\/span>highlights <\/span><\/a>that on-chain data from CryptoQuant indicates a substantial increase in selling activity by BTC miners. In the past 24 hours, miners offloaded nearly 10,600 BTC, with a value of approximately $455.8 million.<\/span><\/p>\n

The persistent selling pressure has caused BTC to trade at $40,900, reflecting a slight 0.2% decrease over the past 24 hours.\u00a0<\/span><\/p>\n

\"Bitcoin
Miner’s BTC reserve drop. Source: Ali Martinez on X<\/a><\/figcaption><\/figure>\n

The downtrend has been evident across various time frames, with declines of 5%, 6%, and 7% over the seven, fourteen, and thirty-day periods, respectively. However, despite these recent setbacks, Bitcoin remains remarkably positive year-to-date, with an impressive 98% gain.<\/span><\/p>\n

Related Reading: More Pain To Come: Crypto Analyst Predicts Massive XRP Crash To $0.34<\/a><\/div>\n

Overall, the combined impact of Grayscale’s Bitcoin Trust ETF outflows and increased selling activity by miners has intensified the downward pressure on Bitcoin’s price, breaching the <\/span>critical support <\/span><\/a>level of $41,000.\u00a0<\/span><\/p>\n

The focus now turns to how Bitcoin bulls will defend the crucial $40,000 support level, which stands as the last line of defense before a potential dip toward the $37,700 mark.<\/span><\/p>\n

\"Bitcoin
The daily chart shows BTC’s price drop. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Should this support level fail to hold, the Bitcoin market could witness further price declines, potentially pushing the price down to the $35,800 mark. However, with the Bitcoin halving scheduled for April, bullish investors are hopeful that this event will catalyze a significant bull run.<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0 The subsequent profit-taking, selling pressure, and outflows from Grayscale’s Bitcoin Trust ETF (GBTC) played a significant role in the downward trend. Grayscale’s Bitcoin Transfers To Coinbase Intensify On Tuesday, NewsBTC reported that six days ago, Grayscale initiated the first batch of BTC outflows from their holdings to a Coinbase, totaling 4,000 BTC (approximately $183 million) over six days.\u00a0 However, the asset manager resumed outflows from the Trust to the exchange on Tuesday, sending an additional 11,700 BTC (equivalent to $491.4 million) to Coinbase.\u00a0 Related Reading: Cardano To $7? Analyst Predicts When ADA Will Resume Uptrend Furthermore, on Friday, data from Arkham Intelligence revealed that 12,865 BTC ($529 million) were transferred from the Grayscale Trust address to Coinbase Prime.\u00a0 In total, the Grayscale Trust address has transferred 54,343 BTC ($2.313 billion) to Coinbase Prime during the opening hours of the US stock market over five consecutive trading days since January 12, which has undoubtedly contributed to the downtrend in Bitcoin’s price. Selling Frenzy Among BTC Miners In addition to Grayscale’s selling spree, there has been increased selling activity by Bitcoin miners ahead of the upcoming Bitcoin halving.\u00a0 Crypto analyst Ali Martinez highlights that on-chain data from CryptoQuant indicates a substantial increase in selling activity by BTC miners. In the past 24 hours, miners offloaded nearly 10,600 BTC, with a value of approximately $455.8 million. The persistent selling pressure has caused BTC to trade at $40,900, reflecting a slight 0.2% decrease over the past 24 hours.\u00a0 The downtrend has been evident across various time frames, with declines of 5%, 6%, and 7% over the seven, fourteen, and thirty-day periods, respectively. However, despite these recent setbacks, Bitcoin remains remarkably positive year-to-date, with an impressive 98% gain. Related Reading: More Pain To Come: Crypto Analyst Predicts Massive XRP Crash To $0.34 Overall, the combined impact of Grayscale’s Bitcoin Trust ETF outflows and increased selling activity by miners has intensified the downward pressure on Bitcoin’s price, breaching the critical support level of $41,000.\u00a0 The focus now turns to how Bitcoin bulls will defend the crucial $40,000 support level, which stands as the last line of defense before a potential dip toward the $37,700 mark. Should this support level fail to hold, the Bitcoin market could witness further price declines, potentially pushing the price down to the $35,800 mark. However, with the Bitcoin halving scheduled for April, bullish investors are hopeful that this event will catalyze a significant bull run. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":570448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,485,656,679,7561,6047,680,682,90843,7434,13246,684,7756,768,1119,1144,8390,78790,1393,6664,1558,6217],"class_list":["post-570447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-4-hours-chart","tag-bitcoin-price-action","tag-bitcoin-price-analysis","tag-bitcoin-price-chart","tag-bitcoin-price-crash","tag-bitcoin-price-daily-chart","tag-bitcoin-price-dip","tag-bitcoin-price-drop","tag-bitcoin-signals","tag-bitcoin-trading","tag-btc","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-coinbase","tag-crypto","tag-cryptocurrency","tag-latest-bitcoin-news"],"acf":[],"yoast_head":"\nBloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000<\/title>\n<meta name=\"description\" content=\"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T20:55:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:44:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"251\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000\",\"datePublished\":\"2024-01-19T20:55:00+00:00\",\"dateModified\":\"2024-06-11T14:44:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\"},\"wordCount\":485,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin Price 4-hours chart\",\"Bitcoin Price action\",\"Bitcoin price analysis\",\"Bitcoin price chart\",\"Bitcoin price crash\",\"Bitcoin Price daily chart\",\"Bitcoin price Dip\",\"bitcoin price drop\",\"bitcoin signals\",\"bitcoin trading\",\"btc\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"coinbase\",\"crypto\",\"cryptocurrency\",\"latest bitcoin news\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\",\"name\":\"Bloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260\",\"datePublished\":\"2024-01-19T20:55:00+00:00\",\"dateModified\":\"2024-06-11T14:44:42+00:00\",\"description\":\"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260\",\"width\":251,\"height\":260,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/uniquehot.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000","description":"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","og_locale":"en_US","og_type":"article","og_title":"Bloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000","og_description":"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0","og_url":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-19T20:55:00+00:00","article_modified_time":"2024-06-11T14:44:42+00:00","og_image":[{"width":251,"height":260,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000","datePublished":"2024-01-19T20:55:00+00:00","dateModified":"2024-06-11T14:44:42+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/"},"wordCount":485,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","keywords":["bitcoin","Bitcoin chart","Bitcoin news","bitcoin price","Bitcoin Price 4-hours chart","Bitcoin Price action","Bitcoin price analysis","Bitcoin price chart","Bitcoin price crash","Bitcoin Price daily chart","Bitcoin price Dip","bitcoin price drop","bitcoin signals","bitcoin trading","btc","btcusd","btcusd price","BTCUSDT","coinbase","crypto","cryptocurrency","latest bitcoin news"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","url":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","name":"Bloodbath For Bitcoin: Grayscale's $529 Million BTC Move To Coinbase Pushes Price Below $41,000","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","datePublished":"2024-01-19T20:55:00+00:00","dateModified":"2024-06-11T14:44:42+00:00","description":"Bitcoin has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.\u00a0","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","width":251,"height":260,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/uniquehot.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000","url":"http:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin chart","bitcoin news","bitcoin price","bitcoin price 4-hours chart","bitcoin price action","bitcoin price analysis","bitcoin price chart","bitcoin price crash","bitcoin price daily chart","bitcoin price dip","bitcoin price drop","bitcoin signals","bitcoin trading","btc","btcusd","btcusd price","btcusdt","coinbase","crypto","cryptocurrency","latest bitcoin news"],"dateCreated":"2024-01-19T20:55:00Z","datePublished":"2024-01-19T20:55:00Z","dateModified":"2024-06-11T14:44:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bloodbath For Bitcoin: Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bloodbath-for-bitcoin-grayscales-529-million-btc-move-to-coinbase-pushes-price-below-41000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_download-21.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_download-21.jpg?fit=251%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin chart\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price 4-hours chart\",\"bitcoin price action\",\"bitcoin price analysis\",\"bitcoin price chart\",\"bitcoin price crash\",\"bitcoin price daily chart\",\"bitcoin price dip\",\"bitcoin price drop\",\"bitcoin signals\",\"bitcoin trading\",\"btc\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"coinbase\",\"crypto\",\"cryptocurrency\",\"latest bitcoin news\"],\"dateCreated\":\"2024-01-19T20:55:00Z\",\"datePublished\":\"2024-01-19T20:55:00Z\",\"dateModified\":\"2024-06-11T14:44:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/shutterstock_download-21.jpg?fit=251%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570447"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=570447"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/570447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/570448"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=570447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=570447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=570447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}