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Bitcoin is enjoying some fresh relief as inflation data paints a slightly rosier picture than risk-asset traders feared.
If approved, new Solana and XRP exchange-traded funds could bring in as much as $13.6 billion in fresh investment capital during their first six to 12 months, according to JPMorgan analysts.The analysts posited that the “next wave of cryptocurrency” ETFs will not be as meaningful as those launched for bitcoin and ether given what they perceive to be “far lower investor interest.”
JPMorgan estimated that XRP and Solana ETFs could attract net inflows of over $15 billion.
The German analyst said that Dogecoin (DOGE), HBAR, XLM, and Cardano (ADA) are set to experience a parabolic rally.
Standard Chartered’s Geoff Kendrick cautioned that a breach of bitcoin’s $90,000 support level could spark spot ETF unwinds.He noted that this potential retracement might deepen to the low $80,000s, driven further by macroeconomic selling pressures.
Whale Boosts Position to 7,292 ETH Despite Unrealized Losses
BTC's 2025 trajectory is still optimistic, while the $100,000 mark is a significant resistance before an upside price resume
Bitcoin’s price initially surged following Donald Trump’s election victory, buoyed by the prospect of his pro-crypto policies.However, macro headwinds have seen markets cool since mid-December, leading analysts at K33 to ponder if Trump’s inauguration is no longer a sell-the-news event.
- 11:44The tokenization platform Hadron, under Tether, now supports Bitcoin sidechain LiquidOdaily Planet Daily reports that the asset tokenization platform Hadron, launched by Tether, can now tokenize digital assets on the Bitcoin L2 network Liquid. Liquid is a Layer 2 expansion solution for Bitcoin, aimed at improving transaction speed, security and privacy protection.
- 10:51QCP Capital: Trump's cryptocurrency reserve plan triggers market fluctuations, trade tensions exacerbate risk asset pullbackIn a message from ChainCatcher, QCP Capital's latest analysis pointed out that the brief market rebound after Trump announced a cryptocurrency reserve plan on Truth Social on Sunday quickly faded. Risk assets generally pulled back, erasing most of Sunday's gains. Trump's renewed push for tariffs on Canada, Mexico and China exacerbated this sell-off, intensifying investor concerns about escalating trade tensions. The analysis pointed out that the unexpected inclusion of XRP, SOL and ADA tokens in the reserve plan has caused divisions within the crypto community. The initial optimism about the project’s advantages has shifted towards deeper scrutiny. Current doubts mainly focus on potential contradictions between this plan and DOGE cost-cutting measures as well as issues with opaque sources of reserve funds. QCP Capital stated that this market downturn could increase pressure on Trump, especially after receiving strong support and donations from the crypto community during his campaign period. Even if the U.S Securities Exchange Commission (SEC) suspends and revokes enforcement cases against crypto companies it did not prevent market selling which highlighted broader risk-averse sentiment in markets. The report noted that after experiencing a month of low cross-asset volatility, market anxiety re-emerged due to prospects of tariff confrontations potentially suppressing global growth. This shift is reflected in 10-year US Treasury yields falling by 50 basis points over past two weeks; VIX breaking through 22; Bitcoin short-term volatility sharply rising by eight points since weekend; skewness significantly shifting towards put options. Previous news indicated that Trump launched a strategic cryptocurrency reserve possibly to boost approval ratings with markets focusing attention on Friday’s White House cryptocurrency summit.
- 10:46Kaiko: The several rounds of liquidation in February have reduced the leverage rate of altcoins, potentially paving the way for a more sustained upward trend in the futureChainCatcher News, according to a Kaiko research report, the market downturn in February triggered several rounds of liquidation waves, significantly reducing the leverage levels of the top ten altcoins. The analysis believes that this position reset has created a healthier foundation for the cryptocurrency market and may pave the way for more durable uptrends in the coming weeks. The report points out that with the United States announcing plans to establish strategic cryptocurrency reserves, although Bitcoin's reaction was relatively flat, overall market volatility surged dramatically, especially among altcoins. Since tariff sell-offs in February have consistently been below 200% intra-day hourly volatility soared after announcement with ADA's volatility breaking through 600%, marking it as having had one of largest increases amongst major altcoins. Kaiko's analysis suggests that including specific altcoins into U.S. strategic reserves could accelerate capital rotation among altcoins and strengthen centralized trends in their price rises. Since November last year trading activity on US exchanges has increasingly been dominated by large-cap assets. A year ago, top ten altcoin trades accounted for 58% of all US platform-based transactions and 50% offshore; as of last week these shares had risen respectively to 77% and 66%.