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Bitcoin ETFs managed a modest weekly gain despite sharp swings, while ether extended its outflow trend. Solana and XRP also declined in a shortened trading week.
Key Takeaways:
Blackrock IBIT helped drive $22.34 million bitcoin ETF inflows, but volatility signals weak conviction ahead.
Ether ET
The crypto market currently is at a pivotal point where technical momentum meets intense global uncertainty. After being stuck in a holding pattern for many weeks, BTC now appears poised to break out again as geopolitical narratives shift and additional volatility is expected. Top crypto analyst
Gate News: According to the latest Gate TradFi data, EURSEK (EUR/SEK) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
U.S. stocks inched higher on Monday, but beneath the smooth index closes, meme names, bitcoin proxies and Chinese ADRs traded like a late‑cycle minefield.
Summary
U.S. stocks closed modestly higher Monday, with the Dow up 0.36%, the S\&P 500 up 0.45%, and the Nasdaq up 0.5%.
Tesla fell 2%,
JPMorgan (JPM) CEO Jamie Dimon said the bank must move faster to keep up with blockchain-based competitors as tokenization reshapes parts of the financial system, according to his annual letter to shareholders.
“A whole new set of competitors is emerging based on blockchain, which includes
Michael Saylor's Strategy (MSTR) purchased 4,871 bitcoins for $329.9 million, increasing its total holdings to 766,970 BTC. Despite significant unrealized losses, it remains the largest corporate holder of bitcoin.
The U.S. and Iran are negotiating a 45-day ceasefire, resulting in a 4% drop in WTI crude oil prices and increased optimism in crypto markets. Bitcoin and Ethereum have shown significant gains, signaling a potential turning point for both sectors.
The crypto market experienced a 2.23% gain, reaching a $2.36T market cap, with Bitcoin and Ethereum rising 3.17% and 3.78%, respectively. Notable gainers included $TRUMP, $GROK, and $MAGA. DeFi TVL increased by 1.72%, while NFT sales rose 5.79%. HypurrFi warned users of domain hijacking, and Apple removed Bitchat from China.
Bitcoin BTC$69,892.51 climbed to near $70,000 as traders reacted to signs of possible de-escalation in the Iran war and amid a short squeeze that liquidated more than $270 million in shorts.
Crypto prices rose, along with equity index futures and equities, as Axios reported that the U.S. and Iran a