The price of Bitcoin continued to fluctuate around $58,000 yesterday (29th), but it started to rise after 8:30 p.m. and pulled back above $60,000 at around 5 a.m. this morning. At the time of writing, it reached $60,530, up 4.46% in the past 24 hours.

图片

BTC price trend｜Source: Binance

Ethereum returns to $2,400

Ethereum's trend is similar to Bitcoin's. From the low of $2,342 last night, it reached a high of $2,464 in the morning. At the time of writing, it was reported at $2,430, up 3.19% in the past 24 hours.

图片

ETH price trend｜Source: Binance

CoinMarkeCap ​​data shows that the other top ten tokens have all risen in the past 24 hours, with Dogecoin having the largest increase of 4.93%. Other tokens have also increased by more than 1.5%, but none of them are as good as Bitcoin's performance.

图片

As Bitcoin rose nearly 5% in a single day, Bitcoin spot ETFs also showed impressive data. SoSo Value data showed that Bitcoin spot ETFs had a total net inflow of US$260 million yesterday (13th) (updated data so far), of which Fidelity's FBTC attracted more than US$102 million in a single day, setting a new record for single-day net inflows since July 19th.

图片

All four major U.S. stock indexes rose

In the U.S. stock market, the four major indexes closed higher:

  • The Dow Jones Industrial Average rose 297.01 points, or 0.72%, to close at 41,393.78, up 2.6% this week.

  • The Nasdaq Composite Index rose 114.3 points, or 0.65%, to close at 17,683.98 points, and rose 5.95% this week.

  • The S&P 500 index rose 30.26 points, or 0.54%, to 5,626.02 points, and rose 4.02% this week.

  • The Philadelphia Semiconductor Index rose 82.05 points, or 1.68%, to close at 4,980.49 points, up 8.31% this week.

Among them, the S&P 500 and Nasdaq recorded their biggest weekly gains since last November, while the Dow Jones recorded its biggest weekly gain in a month.

Large technology stocks were mixed, with Intel, Google, and Netflix rising more than 1%; Amazon, Meta, Nvidia, and Apple fell slightly; Trump Media, which had fallen sharply recently, rebounded by more than 11% yesterday.

In the cryptocurrency sector, Coinbase closed up 0.098%, up 7.98% for the week; MicroStrategy closed up 8.18%, up 18.83% for the week; Bitcoin mining company Riot Platforms closed up 2.42%, up 9.59% for the week.

图片

126 million magnesium was liquidated across the network, and 34,000 people were liquidated

Bitcoin's return to $60,000 has caused the cryptocurrency market to explode with short orders. According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations exceeded $126 million, and more than 34,000 people were liquidated.

图片