1️⃣Crypto exchange Kraken announced that it will reopen on-chain staking services to users in 39 states in the United States, supporting 17 assets including ETH, SOL, DOT, ADA, etc. Previously, Kraken reached a settlement with the U.S. Securities and Exchange Commission (SEC) in February 2023, agreeing to terminate its staking services and pay a $30 million fine. Mark Greenberg, Kraken's global head of consumer, said that the resumption of staking services is not only positive for Kraken, but also good for the entire U.S. crypto industry. At present, the pledged assets of U.S. users will also be protected by slashing insurance provided by a third party. (CoinDesk)
2️⃣Wall Street is too ruthless now. As soon as they get to work, they deposit money. They issued USDC twice in 15 minutes, and issued hundreds of millions of USDC. All these stablecoins have been transferred to exchanges such as Coinbase. Just like the Trump family's WLFI project, no matter what the market is like, they buy ETH every day, and USDC is issued every hour, and there is no sign of stopping. So you feel that the market is still consolidating, but the whales are secretly buying. I think the bull market is coming back, and the Fed has exhausted all the bad news, which is good news.
Continue to hold the currency and wait for it to rise. It is likely to rise for a few days in the near future! I will remind you in time when you need to reduce your position! #加密市场反弹 #微策略持续增持BTC #币安MegadropSOLV $BTC
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$BTC As of January 30, 2025, Bitcoin (BTC) is trading at $105,009, reflecting an increase of $2,293 (approximately 2.23%) from the previous close. The day's trading range has seen a high of $105,581 and a low of $101,423.
This surge follows the Federal Reserve's recent decision to maintain current interest rates, with Chair Jerome Powell expressing openness towards cryptocurrency banking.
In corporate developments, MicroStrategy has expanded its Bitcoin holdings by acquiring an additional $1.1 billion worth of the cryptocurrency, bringing its total to 471,107 BTC. The company funded this purchase through the issuance of approximately 2.76 million shares.
On the regulatory front, the Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin 121, which previously required banks to report custodied crypto assets as liabilities. This change is anticipated to facilitate traditional financial institutions' entry into the digital assets sector.
Internationally, the UK government is contemplating the sale of £5.2 billion worth of Bitcoin seized from organized criminals to address a £22 billion public finance deficit.
In the Czech Republic, the central bank's head has proposed purchasing billions of euros in Bitcoin, signaling a potential shift in central bank asset diversification strategies.
These developments underscore the evolving landscape of Bitcoin, influenced by regulatory decisions, corporate strategies, and macroeconomic factors.
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In the early hours today, the Federal Reserve also announced a rate cut, which was expected, and paused a rate cut this time, which is not a bad thing. It is highly likely that the Federal Reserve will cut rates again in March ➕ along with the Ethereum upgrade, these two major events could very well trigger an explosion in the cryptocurrency market. Currently, there are basically no negative events, Bitcoin has been fluctuating in a range, challenging the important threshold of 618. If it breaks through the position of 105300 and stabilizes, the market in February and March could be quite good. We are almost at the end of this waiting period, and the Spring Festival in the cryptocurrency world is also approaching after the New Year!
#btc Damn, I didn't watch the market much today! Bitcoin is heading for 11w+! It is likely to trigger the four-wave rising model at the daily level! The bulls are very powerful. Brother Lie advises the air force not to act rashly. The MACD will cross the water in twelve hours! Brother Lie predicts that Bitcoin will most likely set a new high and create a new history in the next two days! I have been out for two days and will return to work tomorrow. I wish my brothers a big fortune in the Year of the Snake!
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650,000 will be back soon, hold on to Lpt, today I recommend a Scr to everyone, 1.2 spot can be bought directly, no hesitation! #SCR Continue to send red envelopes to everyone Answer: Merry Christmas
Brothers, we won't do a review summary today. Just take a good look at the morning analysis; don't shine too brightly with a bit of sunshine and forget the pain of the scars.
Ethereum may have a chance to re-enter the market soon
Like Bitcoin, Ethereum tends to lose momentum when prices rise sharply, especially when prices rise by more than 60% in 30 days.
Historically, this is usually a good opportunity to profit. The current price has pulled back to the same level as a month ago, which may mean that an opportunity to re-enter the market is brewing, especially if the bull market is expected to continue until 2025.
It is worth noting that Ethereum has not shown the higher beta characteristics in the previous bull market in this round of rebound. However, it is still an asset favored by investors. The recent continuous inflow of ETF funds is the best proof. This strong demand not only highlights the important position of Ethereum, but also shows that it is still attracting attention even if it performs slightly below expectations in this cycle.
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The trend formed by a continuous decline above level $ACT 4h is difficult to reverse in a short period of time, unless an extreme positive reversal occurs. It is highly likely that the bottom is formed after oscillation and oscillation. Good trading habits: do not catch falling knives, do not touch the top.