
GBTC discount widens to highest point in 2023
GBTC's discount has widened to over 47% following the struggles of its parent company, Digital Currency Group (DCG).
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The price of Bitcoin spiked to $22,330 after an initial dip on news of worse than expected consumer inflation data.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Co-founder of Yuga Labs Greg Solano called the move "basically the same as anything other transfer."

Data shows there is no definitive top or bottom correlation between Bitcoin, gold, the S&P 500, and U.S. property.

Ryan Selkis callled out Gary Gensler on Twitter, calling Gensler "a fraud" — especially over his links with the banking industry.

“Financing purchases of Bitcoin by issuing tokenized securities should be eschewed because of fiscal risks," the IMF said.