Global market dynamics: The South Korean central bank's interest rate cut releases easing signals.
The South Korean central bank unexpectedly cut interest rates by 25 basis points, lowering the benchmark rate to 3.00%, breaking the market expectation of maintaining a level of 3.25%, directly conveying signals of an easing monetary policy. In the current global economic slowdown, this move may inject more vitality into the South Korean economy, promoting domestic consumption and investment recovery. At the same time, the rate cut will lower borrowing costs, which may indirectly promote the liquidity increase of the stock market and crypto assets.
The news of the interest rate cut may also be favorable for cryptocurrencies like Bitcoin. Historical experience shows that during periods when global central banks implement easing policies, increased liquidity often drives asset prices up, and the cryptocurrency market may benefit from this.
SOS Ltd. increases its investment in Bitcoin by 50 million US dollars: corporate entry into the crypto market escalates.
Public company SOS Ltd. announced it will purchase 50 million US dollars worth of Bitcoin, which undoubtedly further solidifies institutional investors' confidence in cryptocurrencies. From MicroStrategy to Tesla, corporate investment in crypto assets has become a new trend, and SOS's plan further indicates that even amid market volatility, such high-net-worth companies still view Bitcoin as a valuable asset.
From the perspective of capital scale, the purchase amount of 50 million US dollars, while not huge, conveys an important signal: even in the face of macro market uncertainties, Bitcoin is still regarded as an important anti-inflation choice. Considering the recent active performance of the BTC market, this news may stimulate bullish sentiment in the short term.
Paul Atkins becomes a popular candidate for SEC chairman: the regulatory environment may face positive changes.
According to reports, U.S. SEC chairman candidate Paul Atkins is a firm supporter of digital assets, and his appointment may bring significant policy benefits to the cryptocurrency industry. As a former SEC commissioner and a senior expert in the fintech field, he has consistently advocated for streamlining excessive regulation to create a more favorable development environment for innovative enterprises.
Considering the information that several 'crypto traders' in the current Trump administration are joining the cabinet, the new government may accelerate the compliance process for digital assets in the future and may even promote reforms to existing cryptocurrency regulations. This presents an opportunity for the entire market ecosystem and also a reshuffle.
ETH hits a new high: breaks through 3600 US dollars.
Ethereum price breaks through 3600 US dollars, with a 24-hour increase of 7.34%. This indicates a strong bullish sentiment in the market, especially in the context of institutional continuous accumulation of spot ETFs, suggesting that its upward momentum is likely to continue.
Whether it is the liquidity boost caused by the South Korean central bank's rate cut or the positive signals released by enterprises and regulators, the crypto market is currently in a bullish dominant phase.
The U.S. spot Ethereum ETF saw a net inflow of 27,100 coins yesterday, valued at 90.1 million US dollars.
The U.S. spot Bitcoin ETF saw a net inflow of 1,119 coins yesterday, valued at 103 million US dollars.
BTC: From yesterday's market situation, the daily chart of Bitcoin closed with a medium bullish candlestick, indicating that the market's bullish power is dominant. Combined with technical indicator analysis, the current price is running above the 5-day moving average, showing a bullish trend in the medium term. Meanwhile, the 12-hour MACD is about to form a golden cross; once confirmed, it may drive the price to further break through the upper resistance. If the golden cross is not formed, one should be wary of short-term pullback risks.
Overall, the market shows a healthy bullish structure. After a short-term consolidation, it is expected to continue its upward attack. It is recommended to maintain an optimistic attitude and closely monitor changes in key indicators.
ETH: Ethereum closed with a large bullish candlestick yesterday, and the daily level is experiencing a slight adjustment today. Patience is needed to wait for the 5-day moving average to rise, and after the consolidation, there may be further upward momentum.
Altcoins: Bitcoin's market share is currently at 56%, still showing a downward trend. As long as Bitcoin can stabilize, ideally in a sideways movement, funds will overflow into the altcoin market. Patience is needed to wait for Bitcoin's market share to decline and for the rotation of the altcoin sector.
Today's Fear and Greed Index: 77 (Extreme Greed) #山寨币走势展望