Bitcoin$BTC and major cryptocurrencies on the market are trading down after a strong surge
This Monday, the 9th, bitcoin and the main cryptocurrencies are trading slightly lower. Moving around US$ 195 billion in the last 24 hours, the sector starts the week “in the red” after a strong surge in the last few days.
Bitcoin is currently trading at $99,015, down 1.3% in the last 24 hours, according to data from CoinMarketCap. Over the last thirty days, the world's largest cryptocurrency has risen by more than 29%.
In addition to bitcoin, other cryptocurrencies among the largest in the world in terms of market value are also trading in the red, showing even greater drops in the last 24 hours.
Ether, the native cryptocurrency of the Ethereum network, is trading at $3,899, down almost 2.5% in the last 24 hours, according to data from CoinMarketCap.
$XRP , which stood out for its significant rise in recent weeks, is now down 4.9% in the last 24 hours.
Polkadot and Chainlink plunged 7.9% and 6.8% respectively over the same period.
Among the bitcoin exchange-traded funds (ETFs) traded on American stock exchanges, a positive net balance of US$ 376.6 million was recorded on Friday (6). The main drivers of the positive numbers were BlackRock's IBIT, with US$ 257 million in excess of purchases of shares in relation to sales, and Fidelity's FBTC, with US$ 120.2 million. Among the ether ETFs, the flow was positive at US$ 83.8 million. The ones driving the inflow of money were Fidelity's FETH, with US$ 47.9 million and BlackRock's ETHA, with US$ 34.6 million.
On the corporate radar, a news item from the website “Coindesk” revealed that Amazon shareholders are asking the company to keep part of its cash in bitcoin with the aim of improving the profitability of reserves and preserving more value protected from inflation. The shareholders’ proposal is that the company founded by Jeff Bezzos keep at least 5% in BTC.
A major technology company investing part of its cash in bitcoin would not be new, as software developer MicroStrategy has become famous for doing so since 2020. Today, Michael Saylor's company goes further and issues debt convertible into shares to finance its purchases of the digital currency.#blackrocks
