19 Dec 2022
Bitcoin, Ether fall; Binance's BNB rises after Voyager deal
On Monday, the price of Bitcoin was down 0.8%, trading at about $16,600. Shares of Silvergate fell 5.8%, MicroStrategy dropped 0.4%, and Coinbase dropped about 4%.
Bitcoin and Ether were down less than 1% at the start of the week and fluctuated around $16,600 and $1,170, respectively. Both the S&P 500 and the Nasdaq 100 of the traditional markets declined slightly.
The BNB token on Binance has increased by 0.2% over the last day. Binance reached an agreement earlier to purchase the assets of the bankrupt cryptocurrency lender Voyager and the remaining 40% of the Indonesian exchange Tokocrypto that it did not already own. Coinbase was down about 5%, and Silvergate stock was trading 3.8% lower. By 0.9%, MicroStrategy decreased.
On Monday, Grayscale revealed that it is considering ways to return up to 20% of its Grayscale Bitcoin Trust's capital to shareholders if it cannot convert the product into an exchange-traded fund (ETF).
The most recent information shows that Grayscale's GBTC was trading at a 48.7% discount on Friday.
The floor price for former president Donald Trump's new NFT collection, which debuted last week with a $99 price tag, was around 0.2593 ETH on Monday morning, or roughly $290. The price peaked late on Saturday afternoon at 0.839 ETH. 6,492 ETH worth of volume has been reached.
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