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Hold on! We still need to examine the Bitcoin five-line chart at a crucial moment
CryptoChan·2024/09/14 03:17
Bitget Research: Stablecoin Market Cap Nears All-Time High, Hinting at Market Recovery
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities.
Bitget Research·2024/09/13 06:50
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities
3Friends·2024/09/12 06:36
August core CPI exceeded expectations and the Fed's hopes for a sharp interest rate cut were dashed
The rise in the core CPI monthly rate has heightened market worries about persistent inflation, reducing the likelihood of a 50 basis point rate cut and leading to a short-term drop in gold prices
Jin10·2024/09/11 13:05
WatPoints accumulate to WAT tokens, can the market value of WATCoin (WAT) soar high
Renata·2024/09/11 10:36
Don't miss Rocky Rabbit: Click to earn, the next DOGE-level project
远山洞见·2024/09/11 08:29
Clearpool: The Next Unicorn of Decentralised Capital Markets? Bullish Up to 450%
远山洞见·2024/09/10 07:08
Flash
- 15:48WLFI: Meme Coin 1 has been added to strategic reservesJinse Finance reported that WLFI officially announced that, as part of promoting the adoption of USD1 on Solana, it is rebuilding the ecosystem together with its official partners bonk.fun and Raydium. WLFI has acquired some 1 tokens as a strategic reserve, consolidating WLFI's position as the leading USD1 community on Solana. Previous reports stated that WLFI's official treasury address received 10.84 million Solana ecosystem meme tokens 1 today.
- 15:46World Liberty Financial announces acquisition of USD1 tokens as strategic reserves to promote Solana ecosystem developmentAccording to ChainCatcher, market sources indicate that the project has acquired a portion of USD1 tokens as a strategic reserve, aiming to promote the adoption of USD1 on the Solana blockchain. World Liberty Financial emphasized that this is only the first step toward making USD1 an important part of the Solana ecosystem, and that further strategic initiatives will continue to be advanced in the future.
- 15:46Citibank: Cryptocurrency weakness is due to slowing ETF inflows and reduced risk appetiteAccording to ChainCatcher, citing CoinDesk, Wall Street bank Citi stated that while the stock market has performed strongly, the cryptocurrency market has recently weakened again, with significant liquidations in October undermining investor confidence. The wave of sell-offs has reduced risk appetite among leveraged traders and new spot ETF investors, with the latter withdrawing their investments. Recently, capital inflows into US spot bitcoin ETFs have dropped sharply, weakening a key factor supporting the market's optimistic outlook. Citi had previously predicted that as financial advisors and others increased their bitcoin exposure, ETF inflows would continue, but now the momentum has stalled and market sentiment may remain subdued. On-chain data has also contributed to a cautious atmosphere, with the number of large bitcoin holders declining, the number of small retail wallets rising, and funding rates decreasing, indicating that long-term investors may be selling and demand for leverage is weakening. Technically, bitcoin has fallen below its 200-day moving average, which may further suppress demand. Citi also linked bitcoin's weakness to tightening bank liquidity. The report concludes that spot ETF capital flows are a key signal to observe shifts in cryptocurrency market sentiment.