Here’s a crypto update with some key information and trends:
Market Overview
- Bitcoin (BTC): Bitcoin price opened the week with a correction, but strong interest from institutional investors keeps the $100,000 target within reasonable reach. Currently, there's a steady purchasing demand at Bitcoin's lower support levels, keeping pressure on the $95,000 BTC resistance zone.
- S&P 500 and Nasdaq: The S&P 500 and Nasdaq indices show mixed performance, with the S&P 500 at 5608.80 and Nasdaq at 19800.30, reflecting a decrease of 0.77% and 0.79% respectively ¹ ².
Recent News
- Tron DAO Hack: Tron DAO's X account was hacked, resulting in a loss of $45,000. Curve Finance's X account was also compromised.
- Tether Mints: Fresh $1 billion in Tether mints on Tron, closing the gap with Ethereum, indicating a significant development in stablecoin circulation.
- Crypto Regulation: A new crypto bill draft aims to curb big crypto firm influence by requiring disclosure of crypto token holdings above 1% of the total supply ³.
Top Stories
- Bitcoin ETFs: BlackRock's Bitcoin ETF saw inflows of 5,613 BTC, potentially paving the way for a $100,000 recovery.
- Token Unlocks: Major token unlocks worth $389 million are set to hit crypto markets this week.
- Shiba Inu: Shiba Inu price eyes a 4x rally as Shibarium TVL nears $3 million milestone.
Market Trends
- Altcoin Season: Bitcoin dominance hits 65%, making altcoin season unlikely in the near term.
- Ethereum: Ethereum investment products witness inflows for two consecutive weeks, indicating growing interest among investors ⁴.
Unfortunately, I couldn't find suitable pictures to accompany this update. For visual content, you can check out crypto news websites like CoinTelegraph or CoinGape. Would you like more information on any specific topic ³ ⁴?