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Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.
Strategic collaborations have been at the forefront of TRON’s achievements
Ethereum ETPs have been outperforming their Bitcoin counterparts over the past week as anticipation builds ahead of potential spot Ethereum ETF launches in July.Bitwise CIO Matt Hougan outlined three reasons investors may want to add spot Ethereum ETFs to their portfolio upon launch and another to remain Bitcoin-only.
- 21:05Fed's Kugler: Anti-inflation process may have stalledThe Federal Reserve's Kugler said that the latest data suggest that progress towards the 2 per cent inflation target may have stalled. Given the stability of economic activity and employment, as long as the upside risks to inflation persist, it supports keeping the current policy rate unchanged. Inflation expectations are rising and there are upside risks to upcoming policy changes (to inflation). Pleased that the rise in longer-term inflation expectations has been small so far. Given the recent high inflation, consumer expectations are likely to be more sensitive to further price increases. Labour market indicators point to a continued slowdown, but not a significant weakening.
- 21:04Trump: a major bill in Congress will include tax cutsPresident Trump: a major bill in Congress will include tax cuts.
- 21:00Crypto ETFs saw net outflows of over $145 million todayOn April 2, 10 Bitcoin ETF products combined saw a net outflow of 1,705 BTC, or about $146 million, according to monitoring by chain analyst Lookonchain (@lookonchain), with the Fidelity Bitcoin ETF seeing a single-day outflow of 1,045 BTC (about $89.24 million), which is still holding 195, 888 BTC (~$16.73 million). On the same day, nine Ether ETF products saw net outflows of 1,535 ETH (~$2.87 million), while the Bitwise Ether ETF saw outflows of 1,363 ETH (~$2.55 million) and currently holds 93,728 ETH (~$175 million). This data shows that mainstream cryptocurrency ETF products continue to face outflow pressure.