{"id":155007,"date":"2021-01-15T05:29:21","date_gmt":"2021-01-15T02:29:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/did-grayscale-push-bitcoin-back-up-to-the-40k-mark\/"},"modified":"2021-01-15T05:29:21","modified_gmt":"2021-01-15T02:29:21","slug":"did-grayscale-push-bitcoin-back-up-to-the-40k-mark","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/did-grayscale-push-bitcoin-back-up-to-the-40k-mark\/","title":{"rendered":"# Did Grayscale push Bitcoin back up to the $40K mark?"},"content":{"rendered":"<p>&#8220;<strong># Did Grayscale push Bitcoin back up to the $40K mark?  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvMGEyODRjODMtNzZmNy00Mjc5LWJkNTEtNDBkOTc3NTFkOWMxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin\u2019s price shot up by almostd 20%, to once again hover just under the $40,000 mark.\u00a0<\/p>\n<p>During the same period, the institutional investment firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bybt.com\/Grayscale\">added<\/a> 4,618 BTC to its portfolio at a current value of $182 million. Including last quarter\u2019s intake of $3.3 billion, which is mostly BTC, Grayscale\u2019s crypto portfolio sits at $27.6 billion.<\/p>\n<p>Bitcoin isn\u2019t the only coin to see strong support since January 13 with the entire crypto market adding <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/global_charts\">$137 billion<\/a> to surge once again past a $1 trillion market cap.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Grayscale is back\uff01Grayscale gains another 2172 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>  in 24 hours. Their total AUM now  $26.39 billion.<br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/r1tmKT6a3r\">https:\/\/t.co\/r1tmKT6a3r<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lZlcJdNvTk\">pic.twitter.com\/lZlcJdNvTk<\/a><\/p>\n<p>\u2014 Bybt (@bybt_com) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bybt_com\/status\/1349627615657660418?ref_src=twsrc%5Etfw\">January 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>With the increasing demand from institutional investors, Bitcoin\u2019s available supply is becoming increasingly scarce. Yesterday, major exchange eToro announced to users that it expects to experience liquidity problems for its crypto platform, warning that it could limit margin trading and BUY orders over the weekend to cope.<\/p>\n<p>Since Bitcoin\u2019s halving late last year, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 900 BTC are being mined each day. According to crypto analytics platform <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=Miners&amp;m=distribution.BalanceMinersSum&amp;s=1531682912&amp;u=1598486400&amp;zoom=\">Glassnode<\/a>, however, on average only one-third of those are actually being sent to exchanges since July 2020. <\/p>\n<p>During the same period, Grayscale has purchased roughly 224,930 Bitcoin, equating to more than 1,200 BTC per day. Not taking into account other institutional investors, the available supply is quickly drying up.<\/p>\n<p>Not all stats suggest institutional investors are playing a core role in crypto\u2019s price however with Grayscale\u2019s Ethereum Trust not receiving the same interest over the last month. The balance has actually reduced by 6036 Ether since December 9 when it reached an all-time high of 2.94 million ETH. During that period, Bitcoin rose by 116%, but Ethereum increased by more than 122%.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/did-grayscale-push-bitcoin-back-up-to-the-40k-mark\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Did Grayscale push Bitcoin back up to the $40K mark? &#8221; Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin\u2019s price shot up by almostd 20%, to once again hover just under the $40,000 mark.\u00a0 During the same period, the institutional investment firm added 4,618 BTC to its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":155008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/0a284c83-76f7-4279-bd51-40d97751d9c1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,82402,74891,76550,73711],"class_list":["post-155007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-ether-price","tag-ethereum","tag-grayscale","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=155007"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/155008"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=155007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=155007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=155007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}