Bitcoin and Altcoins Dip as Market Opens in the Red
Originally Published 1 year ago — by CoinDesk
Bitcoin hovers around $40,000 with options worth $3.75 billion set to expire on Friday, while Swiss crypto bank Sygnum closes a $40 million funding round to expand into new markets. Tesla's Q4 2023 earnings report reveals no change in its bitcoin holdings, remaining at over 9,720 BTC. The ether-bitcoin ratio has reversed half of its early January rally, reflecting bearish sentiment in the ether options market, although some analysts remain optimistic about ether's performance in the coming months.