News Block: Bitcoin Price Recovers as GBTC Outflows Slow, Halving Impact on Bitcoin Mining Profits, 2024 Fiscal Deficit Could Exceed $2 Trillion, Yellen Admits Prices Not Coming Back Down

Jan 30, 2024

In this week's episode of the Coin Stories News Block powered by Bitdeer (NASDAQ: BTDR), we cover the major headlines related to Bitcoin and global finance:

• GBTC Outflows are Showing Signs of Slowing
• Bitwise Becomes First ETF to Disclose Bitcoin Address 
• Report Shows Many Miners Unprofitable Post-Halving
• Stocks, Real Estate Prices Hit All-time Highs
• Fiscal Deficit Continues to Exceed $2 Trillion
• Secretary Janet Yellen Says Prices Won't Come Down

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References mentioned in the episode: 

• Butterfill Highlights Slowing GBTC Outflows
  
• Bitmex Research Shows GBTC Daily Outflow Decline
  
• JP Morgan States GBTC Selling Pressure Nearly Over
• Coinbase Transfers Another 8,668 BTC to Coinbase
  
• Bitwise Tweet Disclosing Public Bitcoin Address
• Cantor Fitzgerald Mining Profitability Report Post-Halving
• Real Estate Prices Increase Nine Consecutive Months
• US Economy is Growing Faster Than Expected 
• US Budget Deficit To Exceed $2 Trillion in 2024
• DiMartino Booth Says Unemployment is Rising 
• Credit Card Debt Outpaced Spending In 2023
• Bilello Shows Stock Market +10.5% Post-ATH

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The News Block is powered exclusively by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com. 

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This podcast is for educational purposes and should not be construed as official investment advice.

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