News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Before the launch of spot cryptocurrency ETFs in Hong Kong, the city’s ETF market accounts for 0.6% of the entire U.S. ETF market.
Analysts at Bernstein see the slowing spot bitcoin ETF flows as a “short-term pause” before the foremost cryptocurrency resumes its bull run toward their $150,000 target. The analysts also argued spot Ethereum ETF denials could be bullish for ether and reiterated their anticipation that the total crypto market cap would triple to $7.5 trillion.
Bitcoin has fallen below the $63,000 mark as weak U.S. GDP growth spreads rate-cut gloom. However, major stock indices have remained robust in the face of higher-for-longer rates.
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.
- 09:14Data: Circle has issued an additional 250 million USDC on the Solana chainChainCatcher news, according to on-chain data, about half an hour ago, US dollar stablecoin issuer Circle issued an additional 250 million USDC on the Solana chain.
- 09:11The income from TRUMP's mainstream liquidity pool LP protocol has risen to second place across the entire network, only behind TetherGolden Finance reports that on January 18, according to monitoring by @ai_9684xtpa, TRUMP's mainstream liquidity pool protocol income in Meteora has ranked second in the entire network over the past 24 hours within just 5 hours, only behind Tether. The LP income reached $12.2 million.
- 09:09Analyst: The 180-day MVRV Z-Score indicates that BTC is not yet extremely overbought, and it is expected to rise significantlyOdaily Planet Daily reports that currently, Bitcoin is nearing a crucial moment of breaking through its peak. If successful, analysts predict a large-scale rebound will occur, quickly setting new historical highs in succession. Investors are particularly optimistic because historically, the year after halving has brought the highest returns for BTC, making this stage critical for long-term growth. CryptoQuant analyst Axel Adler points out that the BTC market is still in a growth phase, supported by the smooth MVRV Z score of the 180-day moving average line. This indicator is commonly used to assess market conditions and suggests that Bitcoin's price has not yet reached extreme overbought levels, leaving room for significant increases.