Cryptocurrency Market Sees Sharp Decline Amid US Tariffs…

Web outflows from US spot Ethereum-ETFs totalled $45.5m final week after two weeks of inflows. Cumulative web inflows because the ETF’s launch in July fell to $2.76bn.

Glassnode analysts observe that the present bitcoin bull market is inferior in power to earlier ones however just like the 2015-2018 occasions, leaving room for additional good points. They recognized a slowing fee of worth appreciation with every new cycle, indicating the maturity and depth of the market.

The US SEC has registered a mixed bitcoin and Ethereum-based spot exchange-traded fund (ETF) from Bitwise on an ‘expedited foundation’. The SEC had beforehand permitted related devices from Hashdex and Franklin Templeton.

Tether, the issuer of the USDT stablecoin, reported a file web revenue of $13bn for 2024. Within the final quarter alone, income totalled $6bn. The corporate’s investments in US Treasuries reached a file excessive of $113bn.

Buying and selling quantity on decentralised exchanges (DEX) reached a file $564.56bn in January, hitting highs since final September. In January, the share of Solana-based AMM change Raydium exceeded that of Uniswap, the as soon as perennial chief of the section.

by FxPro’s Senior Market Analyst Alex Kuptsikevich