On July 24, Bitcoin became the first cryptocurrency to debut at the Las Vegas Sphere. The Las Vegas Sphere is a cutting-edge multi-functional venue known for its giant spherical appearance and advanced audio and video technology. Built by MSG Entertainment, the Sphere is designed to host a variety of entertainment events, including concerts, sporting events and immersive experiences. It is equipped with high-resolution interior and exterior displays, as well as a cutting-edge sound and light system, designed to provide viewers with an unprecedented audio-visual experience. The appearance of Bitcoin on Sphere is of great significance. This incident marks the further expansion of Bitcoin’s influence in the mainstream culture and entertainment industry. As a new landmark in Las Vegas, Sphere has attracted a large number of tourists and spectators, and the appearance of Bitcoin here has undoubtedly increased its exposure and social awareness. Crypto’s tribute to Bitcoin at its eighth anniversary celebration reflects the cryptocurrency industry’s recognition and respect for Bitcoin’s pioneering role. This is not only an affirmation of Bitcoin’s historical status, but also an expectation for its future development.
On the first day of listing on the exchange, the cumulative trading volume of the US spot Ethereum ETF exceeded 1.019 billion US dollars. Among them, Grayscale Ethereum Spot ETF (ETHE) led with a trading volume of 456 million US dollars, accounting for nearly half of the total trading volume. The trading volume of BlackRock Ethereum Spot ETF (ETHA) was 240 million US dollars, accounting for 24%, and the trading volume of Fidelity Ethereum Fund (FETH) was 136 million US dollars, accounting for 13%. By analyzing these data, it can be seen that the market has responded quite positively to the spot Ethereum ETF. The trading volume on the first day exceeded 1 billion US dollars, indicating that the market demand for Ethereum is still strong. In contrast, the spot Bitcoin ETF had a trading volume of 4.6 billion US dollars on the first day. Although Ethereum was slightly inferior, its market performance is still worthy of attention. Grayscale Ethereum Spot ETF (ETHE) dominated the first day of trading, indicating that players have a high degree of trust in Grayscale. Although the trading volume of BlackRock and Fidelity's ETFs is small, it also shows the diversity and competitiveness of the market.
Mt.Gox transferred a total of $2.85 billion in BTC to new wallets today and distributed 5,110 bitcoins (worth $340.1 million) to four different Bitstamp addresses. Bitstamp is one of the five trading platforms that the Mt.Gox trust trustee cooperated with to return the funds. It is worth noting that Mt.Gox still holds 85,234 BTC, equivalent to about $5.7 billion. Judging from the market reaction, this large-scale transfer behavior will cause short-term fluctuations in the Bitcoin market. Although the distribution of 5,110 bitcoins is relatively large, the impact is limited relative to the overall market size of Bitcoin. Market sentiment is easily affected by such large transactions, which may cause short-term price fluctuations. This operation of Mt.Gox shows that the trust trustee is actively advancing the process of returning funds. This is good news for the victims, but for the market, the continued large-scale flow of Bitcoin will put some pressure on the balance of market supply and demand.
The U.S. spot Bitcoin ETF saw a net outflow of 1,153 coins yesterday, worth $77.8 million.
The U.S. spot Ethereum ETF had a net inflow of 31,000 coins yesterday, worth $107 million.
BTC: The daily level closed with a small negative line, and stepped back to confirm the position of the 10-day moving average, and is now above the 10-day moving average. The DIF line of MACD is 1414.52, the DEA line is 639.66, and the MACD column line shows that the bullish momentum is still there. The US spot Bitcoin ETF had a net outflow of 1,153 coins yesterday, worth US$77.8 million. Overall, Bitcoin is currently in a high-level oscillation stage, and the market is expected to continue to oscillate upward in the future. Pressure reference: around 69,000;
ETH: The daily level closed with a spinning hammer line, and is now at the 10-day moving average position. It may choose to fluctuate upward in the short term. Pressure reference: around 3603; around 3790;
SOL: Yesterday it closed with a medium-sized negative line. In the short term, it has fallen back below the 5-day moving average. The 10-day moving average is moving up. The market is expected to see a further rebound in the future.
JUP: Yesterday, the market closed with a medium-sized negative line and fell back to the 10-day moving average. The MACD indicator shows that the bulls are still exerting their strength and the market is expected to fluctuate upward in the future.
ENA: Yesterday, it closed with a medium-sized positive line with a lower shadow. It is now above the 10-day moving average and there is a need for further increases in the short term.
The Fear Index is currently at 69 (Greed) #美国以太坊现货ETF开始交易 #比特币大会 #比特币走势分析
