Today's Cryptocurrency Market Highlights
1. Bitcoin's rebound yesterday was relatively stable, but it was dragged down by the US stock market in the latter half of the night, oscillating back to the bottom range. The battle for the 114,000 level is quite intense, and it feels like a big market movement is not here yet; we need to wait and see.
2. Ethereum has been fluctuating in recent days, with an overall trend still leaning towards bearish. There aren't any key price levels to determine the direction, so keep a close eye on the support in the 3100-3200 range.
3. Good news, the SEC just issued a statement regarding liquid staking, clarifying that this type of activity does not count as a security. It is estimated that ETH and SOL staking ETFs will be launched soon.
4. The ETF side is still experiencing net outflows, but the amount is slightly less than before. However, this slowdown is not significant enough to be considered a signal of trend reversal.
5. Bitcoin's market cap share continues to rebound, now at 66.95%, while the altcoin index is hovering around 42. Market funds still prefer Bitcoin.
6. Trump is “stirring things up” again! He announced that he would declare tariff policies on drugs and chips within the next week, with drug tariffs potentially soaring to 250%. This news is expected to cause related sectors to be influenced again.
7. The SEC has also relaxed restrictions on Bitcoin ETF options trading, paving the way for large funds and complex strategies to enter, indicating that the integration of traditional finance and Bitcoin has progressed further.
8. Overall, in the short term, the market is most concerned about Trump's tariffs and the Federal Reserve's interest rate cuts. Every time data and news come out, it causes significant fluctuations in the market, and short-term volatility may increase. It might be wise to keep some cash on hand to see if we can scoop up low-priced chips.
