Crypto Daily Update!!!!!!

As of September 6th, 2024, the cryptocurrency market is experiencing significant volatility influenced by a combination of economic reports, regulatory actions, and security concerns.

The release of the U.S. jobs report for August, which showed an increase of 142,000 jobs, below expectations has led to a downturn in the crypto market.

Bitcoin dropped by 4%, trading around $54,200, while Ethereum fell to approximately $2,280.
This weaker-than-expected jobs data has sparked concerns about the broader economy, leading investors to shy away from riskier assets like cryptocurrencies.

North Korean cyber threats have once again targeted crypto firms, particularly those in the DeFi space.

These advanced attacks have raised security concerns, potentially shaking investor confidence.

Additionally, Robinhood settled a $3.9 million penalty related to cryptocurrency withdrawals, highlighting ongoing regulatory pressures that could deter institutional investors from entering the market.

The Ethereum Foundation's main wallet has seen a substantial decrease in funds, now holding about $650 million, down from $1.6 billion in March 2022.

This decline is attributed partly to the drop in ETH prices and the Foundation’s annual expenditures.

Despite the pressure on major cryptocurrencies like Bitcoin, analysts have observed an accumulation phase for many altcoins.

Historically, such phases precede “altseasons,” where altcoins outperform Bitcoin.
This trend could present opportunities for investors seeking to diversify their portfolios.

Overall, the market is bracing for continued volatility, with economic data, regulatory scrutiny, and security threats playing pivotal roles in shaping the near-term outlook for cryptocurrencies.

#USNonFarmPayrollReport #TON #DOGSONBINANCE #BNBChainMemecoins #enofuagreat

Crypto Daily Update!!!🚩🚩🚩🚩🚩

As of September 4th, 2024, the cryptocurrency market is facing a mix of challenges and opportunities.

The crypto market has been sluggish, influenced by broader economic concerns and regulatory pressures.

Major cryptocurrencies like Bitcoin and Ethereum have seen declines, with Bitcoin struggling to maintain support above $55,000.

Several altcoins have also faced significant sell-offs, and the overall market sentiment remains cautious.

The Federal Reserve's FOMC meeting on September 18th is anticipated to be crucial, especially if it includes a decision to cut interest rates.

Such a move could inject optimism into the crypto market, as lower interest rates typically drive investors towards riskier assets like cryptocurrencies.

Another major event is the Token2049 Conference on September 18th, where industry leaders may announce partnerships or innovations that could influence market trends.

The approval of 11 Bitcoin spot ETFs in the U.S. is seen as a positive step towards regulatory clarity, potentially paving the way for broader acceptance of crypto as an investment vehicle.

However, the market is still cautious due to ongoing legal challenges and regulatory scrutiny, particularly from the SEC.

September is expected to be a volatile month,
with both potential downturns due to economic uncertainty and possible rallies spurred by favorable regulatory developments or technological advancements.

Investors should keep an eye on these events and remain cautious, especially given the market's current volatility.

#USDataImpact #NFPWatch #TON #DOGSONBINANCE #enofuagreat

Crypto Daily Update!!!!

As of September 3, 2024, the cryptocurrency market is experiencing a challenging period, particularly for major coins like Bitcoin (BTC) and Ethereum (ETH).

Bitcoin has fallen below $58,000, its lowest point in 15 days.
Analysts suggest that this could lead to more liquidations, although some are optimistic about a potential rally later in the year, as the months following September historically show stronger performance.

Ethereum has also been struggling, hitting a seven-month low, with its revenue dropping 99% following the Dencun upgrade.

This decline is largely due to competition from Layer-2 scaling solutions that have reduced the demand for ETH, challenging its deflationary narrative.

Altcoins have seen significant movements as well.
For example, Bitcoin SV (BSV) has been one of the top gainers, rising by 5.59%.

Overall, the crypto market is showing bearish tendencies, with major tokens experiencing notable declines, but there are still pockets of optimism for a potential rebound later in the year.

#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #enofuagreat

Crypto Daily Update!!!!!!!!🚩🚩🚩🚩🚩🚩🚩

As of August 30th, the cryptocurrency market has experienced significant volatility and key developments:

Bitcoin has faced fluctuations after reaching an all-time high of over $73,000 earlier in the year.

The recent halving in April led to a price decline, and August saw more outflows from Bitcoin ETFs, indicating some investor caution.

However, Bitcoin remains a focal point for investors, with ongoing discussions about spot Bitcoin ETFs influencing market sentiment.

Ethereum saw a sharp decline in August, losing over 25% of its value.

The Ethereum Foundation's $100 million ETH sale and Vitalik Buterin's movements of large sums of ETH created waves in the market.

Additionally, Ethereum's Layer 2 networks, like Arbitrum and Optimism, are facing rising transaction fees due to increased demand, which could further impact the network's usability and cost-effectiveness.

Solana is gaining momentum, with the launch of its first spot ETF in Brazil, raising $2.75 million.

The network's Solana Virtual Machine (SVM) has also reached over 1 million monthly active users, marking a significant milestone for the ecosystem.

The broader crypto market remains cautious but optimistic.

Despite the volatility, there is ongoing development and interest, particularly around regulatory moves and technological advancements in the space.

For instance, BlackRock's Bitcoin ETF experienced a $13.5 million outflow, and Solana's advancements reflect continued growth in specific sectors.

Overall, the crypto market is navigating a complex landscape of regulatory scrutiny, technological innovation, and shifting investor sentiment.

#enofuagreat #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO

TEN BEST AIRDROP IN AUGUST 2024

In August 2024, several notable crypto airdrops were available, offering users the chance to earn various tokens by completing tasks or participating in specific blockchain activities.

Here are the top 10 airdrops:

1. Dwinity:

A decentralized data operating system that held an airdrop with a prize pool of 2.7 million DWIN tokens.

Participants could earn up to 1,000 DWIN tokens by completing tasks like joining their Telegram and Twitter communities.

2. Ponder:

A Web3 comparison tool that offered a $15,000 reward split between USDT and PNDR tokens.

The top 613 participants could earn up to $1,000 in rewards.

3. Acki Nacki:

A blockchain focused on scalability and fast transactions, which organized an airdrop event with a prize pool based on task completion.

4. ZKE Exchange:

A trading platform that distributed 157.5 billion ZKB tokens to users performing trades on their platform.

5. Reactor Fusion:

A DeFi lending platform on zkSync, offering 1.2 million ZK tokens to users who interacted with their dApp.

6. Juice Finance:

A DeFi protocol on the Blast layer 2 platform, previously ran an airdrop campaign and is expected to offer more rewards to users lending and borrowing crypto on the platform.

7. Particle Network:

A modular blockchain project running a campaign called Particle Pioneer, which allowed users to earn PARTI points eligible for an upcoming airdrop.

8. Tabichain:

A blockchain platform for gaming, offering TABI tokens through its second airdrop campaign called Tabi Voyage.

9. Celestia:

A layer 1 blockchain optimized for data availability, with multiple airdrops announced for its TIA stakers.

10. Mode:

An Ethereum layer 2 project using the Optimism OP Stack, providing rewards to users contributing to the network's growth.

#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #enofuagreat

Competition Intensifies for Ethereum ETFs as Eight Issuers Reveal Management Fees

As the July 23 deadline for launching spot Ethereum ETFs approaches, asset management firms have revealed their management fees, signaling potential approval by the SEC.

BlackRock plans to charge a 0.25% fee for its ETHA ETF, with a potential reduction to 0.12% for the first 12 months or until $2.5 billion in assets are reached.

Franklin Templeton offers the lowest fee at 0.19%, while Bitwise and VanEck set theirs at 0.20%.

The 21Shares Core Ethereum ETF will charge 0.21%, and both Fidelity and Invesco Galaxy will match BlackRock’s 0.25% fee.

Several issuers plan fee waivers initially, with specific conditions.

Grayscale announced the Grayscale Ethereum Mini Trust with a 0.25% fee and will use 10% of assets from its spot Ethereum ETF for this trust, providing $1 billion in seed funding.

Expected inflows into Ethereum ETFs are anticipated to boost ETH's price, with historical data suggesting significant market cap increases following similar Bitcoin ETF launches.

ETH is currently trading at $3,460, showing slight recent declines but an overall increase of 8% over the past week.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat

Matrixport Attributes Bitcoin's Decline To Korean Investors, Excludes Germany And Mt.Gox

Matrixport’s recent analysis explores the correlation between Bitcoin’s decline and the influence of Korean investors, positing that the recent downturn may have been influenced by retail investors from South Korea.

According to Matrixport analysts, a significant portion of Bitcoin’s decline in the last month, accounting for 13% of the total decrease, occurred during Asian trading hours.

They suggest that Korean retail investors have played a role in this decline, as the majority of Bitcoin’s overall decrease has been observed during these trading hours.

There is also speculation that institutional investors are increasingly replacing retail investors in the market.

The analysts note a shift towards stability in the market, with minimal weekend volatility as institutional trading patterns from Monday to Friday set the tone.

They further observe that Bitcoin’s market dynamics are increasingly driven by institutional investors due to reduced retail activity, contributing to lower volatility.

The report underscores the substantial contribution of South Korean exchanges to Bitcoin transaction volumes annually.

It also highlights the pivotal role of Korean investors in altcoin trading volumes, particularly as South Korea lacks a crypto futures market, prompting retail investors to often turn to altcoins for leveraged opportunities.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #enofuagreat #SOFR_Spike

Bollinger Bands Indicate Potential for Bitcoin (BTC) to Reach $140,000

Bitcoin is poised for a significant price surge, potentially reaching $140,000 to $190,000, according to Bollinger Bands.

Historically low levels of Bollinger Bands, observed only in April 2016 and July 2023, suggest a dramatic price increase in the following 12 months.

Data analysis indicates tight Bollinger Bands typically precede substantial price movements, similar to patterns seen in 2016 and post-July 2023.

While technical indicators point to a major rise, external market factors and overall sentiment also play crucial roles.

Despite the market's recent slow performance, this may be the calm before the storm, leading to unprecedented Bitcoin levels.

#Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #enofuagreat

Cryptocurrencies Bitcoin, Ethereum, And Dogecoin See Recovery Amid Bitcoin Shortage In Germany

Cryptocurrency markets rally on speculation of interest rate cut following PPI data release.

•Bitcoin BTC/USD trades at $57,825.58, up 0.6%

•Ethereum ETH/USD at $3,129.43, up 0.5%

•Solana SOL/USD rises 1.2% to $138.75

•Dogecoin DOGE/USD increases by 0.4% to $0.1076

•Shiba Inu SHIB/USD up 0.3% to $0.00001644
Key Insights:

•83% of Bitcoin holders are profitable despite volatility, with large holders holding 12% of total supply and 70% holding for over a year.

•German government reported out of Bitcoin holdings.

•40,300 traders liquidated, totaling $126.7 million in the past 24 hours.

Top Gainers:

•ORDI/USD up 8.5% to $33.56
•MKR/USD rises 6.5% to $2,498.75
•RON/USD increases by 4.9% to $2.05

Trader Notes:

•Andrew Crypto expects bullish momentum above $59,200.

•Market sentiment turns positive but doubts linger on price performance, awaiting confirmation from spot buyers.

•Kevin notes Bitcoin's recovery and Germany's depletion of its Bitcoin reserves, eyeing $60,000 break for bullish trend confirmation.

•Cryptoquant's Ki Young Ju advises leveraging like whales at cyclical bottoms.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat

German Government Liquidates Bitcoin (BTC) Reserves, Crypto Market Turns Green

The German government has completed the divestment of its Bitcoin holdings, sending the last batch of 3,846.05 BTC, valued at $223.81 million, to Flow Traders and 139Po, reputed institutional deposit and OTC service platforms.

According to Arkham Intelligence data as of July 12, the government now holds no BTC, marking the culmination of weeks of intensified selling that has kept Bitcoin below the $60,000 mark.

The selling spree, involving around 50,000 BTC over three weeks, is thought to have influenced market dynamics, reflecting a strategy linked to Bitcoin's price challenges and its 200-day moving average.

Originating from a 2013 seizure from Movie2k.to operators, the liquidation aimed to deplete seized assets, including a recent $900 million single-day sale, impacting Bitcoin's market value adversely.

This approach contrasts with U.S. spot Bitcoin ETF inflows, which absorbed $801 million over four sessions.

Despite the sell-off's conclusion, ongoing factors like the $9 billion Mt. Gox repayment plan may continue to affect Bitcoin prices, although positive inflation data and the end of
Germany's sell-off offer a more stable outlook.

Prospects of Ethereum ETF launches may further stimulate the market, potentially aiding Bitcoin's recovery amid current market conditions.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat

Bitcoin Price Falls Following CPI Surge, BONK Declines 11% In Daily Trading

Bitcoin's price surged close to $60,000 following the release of CPI data, but quickly lost momentum, dropping by over $2,000.

Most alternative cryptocurrencies also showed sluggish movement. However, several notable coins including BONK, RNDR, BRETT, PEPE, and WIF saw significant losses.

BTC Slumps After CPI Surge

The leading cryptocurrency plummeted to below $54,000 last Friday, hitting a multi-month low.
It rebounded over the weekend, briefly surpassing $58,000 before another downturn.

The start of the new week brought more volatility, with BTC briefly spiking to around $59,000 but failing to maintain the level.
The latest US CPI data yesterday showed stronger-than-expected figures, causing a rapid climb to a multi-day peak of $59,500.
Yet, bearish sentiment quickly resumed, pushing BTC down by more than $2,000.

As of now, bitcoin is trading just above $57,000, with a market cap below $1.130 trillion and dominance over altcoins below 51% on CoinGecko.

BONK Decline

Following the CPI release, most altcoins experienced similar volatility but have since stabilized around previous levels.

ETH, BNB, SOL, DOGE, XRP, and SHIB are slightly down, while LINK has seen a more significant decline of over 3%.
Conversely, AVAX, TRX, TON, DOT, and ADA have shown slight gains on a daily basis.

Among mid-cap altcoins, the biggest losers include BONK (-11%), RNDR (-9%), BRETT (-7%), AKT (-7%), and STRK (-7%).

The total crypto market cap has decreased to $2.220 trillion.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat

Ethereum Gas Fees Hit Monthly Low: Effects on Prices and Network Activity Explored

Ethereum [ETH] has seen a notable price increase, surpassing $3,000 this week and sparking investor optimism.

This price surge contrasts with a significant drop in Ethereum’s gas fees and overall network activity, reaching a low not seen in the past month.
Currently, Ethereum gas fees are at their lowest since May 2024, indicating reduced network activity.

Historically, higher gas fees have correlated with price increases due to intensified network activity.

Cryptoquant analyst Woominkyu highlighted this trend with a graph showing gas fees in Gwei alongside Ethereum’s price.

The current decline suggests a quieter phase for Ethereum, despite the ongoing developments within its network.

Notably, the Ethereum community is preparing for the upcoming Pectra update. The Pectra testnet is expected to launch next week, following discussions among developers on July 11.

This update, along with the PeerDAS (Peer Data Availability Sampling) initiative, aims to enhance Ethereum’s scalability by improving off-chain data processing.

The Pectra upgrade focuses on adjusting the blob gas limit to optimize network efficiency and performance by processing large chunks of off-chain data.

Developers are also working on integrating the EthereumJS client into the Pectra testnet and testing various client combinations to ensure stability.

Additionally, research into potential vulnerabilities in Ethereum’s client software continues, with efforts to develop tools for identifying and mitigating security risks, thereby enhancing the network’s robustness.

As these developments unfold, Ethereum's market position remains strong, trading at $3,139.96 after a recent 2.23% increase.

However, trading volume has decreased by 26.55%, signaling a cautious approach from traders amid these technological transitions.

#Ethereum_ETFs_Expected_Date #ETH_ETFs_Approval_Predictions #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #enofuagreat

Crypto Market Analysis: Bull Run or Bull Trap?

Bitcoin has climbed past $63,000 following a recent slump to $54,000, with Ethereum and Solana also indicating potential bullish trends.

This resurgence has sparked speculation about a significant market upswing.

In the past 24 hours, the total crypto market cap increased by over 4%, reaching approximately $2.41 trillion.

Bitcoin hit a high of $63,000 before stabilizing at $62,700, and Ethereum rose more than 4% to around $3,347.

Bullish Factors

Several factors contribute to this optimistic outlook:

1. The German government has exhausted its Bitcoin reserves after selling 50,000 BTC seized from the ‘Movie2k’ website.

2. Donald Trump's increased odds of winning the presidency, bolstered by a recent incident, and his upcoming address at the Bitcoin 2024 Conference.

3. Cooling inflation, as indicated by recent U.S. CPI data, suggesting possible interest rate cuts by the Federal Reserve in 2024.

4. Anticipated launch of spot Ethereum ETFs, which may create a supply crunch for ETH.

5. Significant inflows into crypto investment products, with $1.44 billion recorded last week.

6. Institutional confidence, with Standard Chartered predicting a $150,000 Bitcoin price by the end of 2024.

7. A perceived decline in SEC regulatory pressure on the crypto sector.

8. Continued growth in crypto venture funding, with $3.6 billion invested in Q2 2024.

9. Increased activity on the Solana network despite recent market setbacks.

Bearish Concerns

However, several bearish concerns remain:

1. Ongoing Mt. Gox repayments and Genesis asset liquidations could increase Bitcoin supply in the market.

2. Skepticism about Trump's genuine support for the crypto industry, potentially diminishing post-election.

3. The Federal Reserve's hawkish stance may limit interest rate cuts.

4. Major cryptocurrencies are still far below their all-time highs, needing substantial momentum to break past these levels.

5. The altcoin market faces challenges with large token unlocks scheduled for July.

#CPI_BTC_Watch #enofuagreat

Bitcoin ETFs Hit Record High with Over $16 Billion in Net Flows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) have crossed $16 billion in yearly net flows for the first time, according to Bloomberg ETF analyst Eric Balchunas.

He described this progress as “two steps forward, one step back,” referencing the underperformance in June.

Initially, Balchunas and fellow analyst James Seyffart predicted spot Bitcoin ETFs would reach between $12 billion and $15 billion in net flows within a year, a target met in just six months.

Recent data shows nine Bitcoin ETFs added 5,383 BTC to their holdings, worth over $340 million. BlackRock led with an addition of 1,844 BTC, bringing its total to 318,120 BTC.

The Valkyrie Bitcoin Fund was the only ETF not to add any BTC yesterday.

According to CoinShares, Bitcoin ETFs saw the fifth-largest weekly inflow last week at $1.35 billion.

This, coupled with net outflows for funds indexed to short BTC positions, indicates a positive investor sentiment.

In June, Ether and Solana also showed significant momentum, potentially attracting between $1 billion to $3 billion in net inflows due to growing ETF interest.

Despite a 7% decline in Bitcoin's price in June, spot Bitcoin ETFs experienced net inflows of $790 million earlier this month.

This week, Bitcoin ETFs recorded over $300 million in net inflows, the highest since early June.

In May, discussions at a consensus event highlighted President Biden's inconsistent positions on crypto regulations, eliciting mixed reactions.

Recently, CoinDesk detailed the rise and fall of the Terra ecosystem, focusing on the failures of UST and LUNA.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat

U.S. Spot Bitcoin ETFs See $422 Million in Net Inflows, Largest Since Early June

On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported $422.67 million in daily net inflows, the highest since June 5, extending their positive streak to eight days.

BlackRock’s IBIT led with $260.23 million, its largest net inflow since June 6, and saw $1.02 billion in trade volume.

Fidelity’s FBTC followed with $61.05 million, Ark Invest and 21Shares’ ARKB with $29.85 million, and VanEck’s HODL with $22.04 million.

Invesco and Galaxy Digital’s fund had $20.54 million in net inflows, while Bitwise's BITB reported $17.34 million.

Franklin Templeton and Valkyrie ETFs also attracted funds, while Grayscale’s GBTC fund recorded no flows.

Overall, $1.76 billion in value was traded across U.S. spot Bitcoin funds on Tuesday, with total net inflows reaching $16.53 billion since January.

Bitcoin's price rose 1.61% in the past 24 hours to $65,865, briefly peaking above $66,000.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat

XRP Price Forecast: Can XRP Hit $250?

XRP has garnered significant attention from crypto enthusiasts and investors due to its impressive price movements and positive future projections.

Technical chart patterns and expert analyses suggest a bullish trend, making XRP a compelling cryptocurrency to watch.

XRP Price Analysis

Recently, XRP surged 12% in 24 hours, outperforming major cryptocurrencies like Bitcoin (BTC) and the broader CoinDesk 20 (CD20) index.

This surge extended its seven-day gains to nearly 40%, indicating a shift in market sentiment.

Senior market analysts noted that XRP reached 61 cents, its highest level since April, suggesting a potential re-entry into its uptrend.

However, they cautioned that a consolidation period might follow this rapid rise.

XRP Price Patterns

The surge was driven by the announcement of indices and reference rates for XRP by CME and CF Benchmarks.

This development has formed a triangle pattern on long-term price charts, which traders see as a bullish indicator when accompanied by heavy volumes.

XRP Price Prediction

Crypto expert "The Great Mattsby" highlighted a significant technical indicator: the Bollinger Bands on the XRP monthly chart are at their tightest, historically signaling substantial price movements.

This pattern, seen in 2016-2017 and 2021, preceded massive price increases.

Mattsby compared the current tightness to a "coiled spring ready to unleash," indicating potential high volatility ahead.

Despite XRP being 84% below its all-time high of $3.31, Mattsby remains optimistic, predicting that XRP could reach $250 by 2028.

He supports this projection using Gann’s theory and Fibonacci retracement levels, suggesting that if Bitcoin and Tesla can achieve similar Fibonacci extensions, XRP could reach this ambitious target.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #XRPGoal #enofuagreat

Bitcoin Anticipates Mt. Gox Recovery Amid $58K Price Dip Warning

Bitcoin's price attempted to stabilize around $64,000 on July 16 despite facing potential support challenges at $60,000.

Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin was attempting to retest previous range highs, though it remained down approximately 1% since the daily open.

This movement came amid significant transfers from the defunct Mt. Gox exchange's cold wallet.

Some traders expressed caution.

Despite Bitcoin's more than 10% gain since the weekend, these gains might not be sustainable. Credible Crypto highlighted two scenarios:

The recent move from $58,000 could be the bottom or merely a fakeout.

Daan Crypto Trades noted that a return below $60,000 could indicate market weakness, suggesting that such a retest, while technically sound, often signals underlying fragility.

#Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceTurns7 #SOFR_Spike #enofuagreat

Bitcoin Surpasses $62K, Sets Sights on $70K for a Promising Week Ahead!

With a remarkable weekend recovery, Bitcoin has reclaimed the $60K level.

The new bullish trend in BTC prices has sparked a fresh rally this week.

As Bitcoin rebounds, the altcoin market capitalization has surged above $1 trillion, riding a strong tailwind.

The leading cryptocurrency’s breakout rally is gaining momentum, and the market is optimistic about a bullish week ahead.

Bitcoin Price Performance

After a correction wave under the 200-day EMA, Bitcoin encountered supply pressure around $56K.

The BTC price action showed a double bottom reversal with multiple lower price rejection candles.

The reversal rally gained momentum over the weekend, breaking past a secondary resistance trendline and ending the negative cycle within a channel pattern.

Currently, the BTC price is at $62,650, marking a 3% intraday increase and a 9.27% rise over four days.

Trump’s Survival Boosts Crypto Market

Former US President Donald Trump survived an assassination attempt in Butler, Pennsylvania, on Saturday.

His survival strengthened the crypto market, pushing Bitcoin past the $60K barrier.

PolitiFi tokens like Trump and MAGA surged almost 35%.

Bitcoin ETFs, On-Chain, and Derivatives

The largest 30-day inflow into US Spot ETFs, with $310M daily inflows, creates a solid foundation for upward movement.

This marks the sixth consecutive positive inflow day, bringing the cumulative total net inflow to $15.81B.

US Bitcoin ETFs now hold 4.52% of the Bitcoin market cap, valued at $51.34B.

The Bitcoin Open Interest (OI) stands at $16.95B, with a 5.3% growth in the past 24 hours and 18.16% in seven days.

A positive funding rate of 0.0040 indicates that buyers are willing to pay a premium to maintain bullish positions.

With $47.80M worth of short positions liquidated in Bitcoin over the past 24 hours, the bulls are gaining strength.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat