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Bitcoin bulls fail to catch a break as BTC price weakness defies a slowdown in GBTC offloading.
Bitcoin dropped below $65,000, despite major stock indices hitting record highs fueled by rate-cut expectations.The bitcoin price correction over the past day led to the substantial liquidation of long positions on centralized exchanges.
The displayed result showed the address particulars, such as Ether balance and the time of the latest transaction, all collected Etherscan.
Google now provides balance data from Ethereum Name Service in search results. The data is being provided from Etherscan.
Cathie Wood’s Ark Invest sold nearly 200,000 Coinbase shares on Thursday — worth $52.3 million — as it continues to rebalance its fund weightings. COIN has surged 10% this week, returning from a crypto-related market slump on Tuesday to reach a new yearly high.
Spot Bitcoin exchange-traded funds have seen their fourth consecutive day of aggregate outflows as the underlying asset continues to retreat.
- 01:31JPMorgan Chase: The U.S. Government Efficiency Department's advancement of federal reform may face obstaclesJPMorgan recently released a report assessing the U.S. Government Efficiency Department (DOGE). This department was established by President-elect Trump and is led by Elon Musk and Vivek Ramaswamy, with the aim of streamlining federal operations and reducing wasteful spending. The report states: "In terms of government efficiency, Trump is expected to push an agenda advocating for less bureaucracy. This includes establishing a new Government Efficiency Department," adding that "We believe it will be difficult for this department to achieve this." JPMorgan explained the potential obstacles DOGE may encounter: "Ultimately, Congress controls government spending, while DOGE operates outside of Congress. The department can make all the recommendations it wants, but in the end it's typically a 60-vote majority in Congress that decides legislative changes." The report concluded: "The question investors care most about in 2025 is which parts of the Trump 2.0 agenda will be emphasized and which parts will gradually fade away."
- 01:28Survey: Investors anticipate the US dollar will strengthen in the short term, but may face pressure in the long termA recent survey by an institution shows that the dollar will stabilize at the beginning of 2025, and then face risks such as accelerated US inflation and a surge in fiscal deficits in the next year. As we enter next year, 89 respondents have different views on the risk that may cause the most damage to the dollar. The largest proportion of concerns about deficits is 38%, and another 32% of respondents believe that if Trump implements tariff measures promised during his campaign after taking office in January, then weak growth in US and global economies next year will put pressure on the dollar. Although these policies may strengthen the dollar in short term, they would ultimately suppress its appeal due to long-term economic impact. Nevertheless, approximately 70% of respondents still believe that Dollar Index will rise within next month. There are two key themes supporting people's confidence in dollars before end of this year: one is U.S. bond yields will be supported by Federal Reserve's patience for interest rate cuts which promotes investors' inflow into U.S assets; secondly is safe-haven buying for dollars possibly caused by series uncertainties surrounding Trump's future economic policies.
- 01:26Analyst: Worldcoin has a bright future, key support level at $2.10 remains stableAccording to analyst Ali on X, Worldcoin ($WLD) faces no significant supply obstacles in the future. As long as the key support level of $2.10 remains stable, its market outlook appears very optimistic.
