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TLDR
- Bitcoin price rises to $57,000, gaining 3% in 24 hours.
- U.S. spot Bitcoin ETFs record $28.7 million inflows, ending outflow streak.
- Traders remain cautious due to historical post-Fed rate cut market behavior.
- Nansen acquires StakeWithUs, expanding into non-custodial staking services.
- AI and liquid staking tokens show significant gains in Asian markets.
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Latest news
- Bitcoin price rises to $57,000, gaining 3% in 24 hours.
- U.S. spot Bitcoin ETFs record $28.7 million inflows, ending outflow streak.
- Traders remain cautious due to historical post-Fed rate cut market behavior.
- Nansen acquires StakeWithUs, expanding into non-custodial staking services.
- AI and liquid staking tokens show significant gains in Asian markets.
- Bitcoin briefly crossed $64,000, extending weekly gains to 10%.
- U.S. Federal Reserve's rate cut and Bank of Japan's hold boosted risk assets.
- Open interest in Bitcoin futures jumped by nearly $5 billion since Tuesday.
- Altcoins and memecoins surge, with Solana, Ethereum, and Bonk leading gains.
- Traders warn rally could be short-lived due to economic and geopolitical concerns.
- Ethereum's underperformance may reverse by year-end, according to Bitwise report.
- ETH remains unchanged year-to-date, while Bitcoin and Solana have seen significant gains.
- Ethereum dominates in stablecoins, DeFi assets, and developer activity despite challenges.
- Bitwise CIO Matt Hougan likens Ethereum to Microsoft in the blockchain space.
- Analysts suggest Ethereum could be a contrarian investment opportunity as US election approaches.
- Bitcoin's surge halted below $66,000, causing popular altcoins to suffer reversals.
- JasmyCoin, Daddy Tate, and Reef saw significant drops from their recent highs.
- Total cryptocurrency market cap retreated by 2% to $2.4 trillion.
- Santiment warns Bitcoin may struggle to reach all-time high due to social media sentiment.
- Profit-taking and large token transfers to exchanges contribute to altcoin declines.