Market dynamics yesterday and this morning:
Yesterday, altcoins generally fell, but Bitcoin rebounded strongly to around $58,000 and then fell back to $54,800, and is currently around $56,700. Market sentiment has recovered, but fear remains.
The German government transferred 16,037 bitcoins in the past 24 hours, worth about $900 million.
21Shares submitted a revised Ethereum spot ETF S-1 form to the U.S. Securities and Exchange Commission (SEC). So far, six institutions including Fidelity, VanEck, Franklin, 21Shares, Grayscale and BlackRock have submitted S-1 document updates.
Bitstamp said it will complete the Mt.Gox compensation distribution as soon as possible.
Analysis pointed out that the final approval deadline for the Solana ETF is mid-March 2025.
A Bitcoin address was activated after 13 years of dormancy and holds 48 bitcoins.
Yesterday, the Hong Kong Bitcoin spot ETF had a net inflow of 140 bitcoins.
Analysts believe that FTX's plan to repay $16 billion to creditors may push the market to new highs.
The U.S. House of Representatives may vote to overturn Biden's veto of SAB 121 on Tuesday or Wednesday this week. .
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