🟥 Things I’m looking at today 🟥 Crypto rally fails, Israel-Iran tensions grow, BTC treasuries soar Crypto * BTC: 107k (-2%), ETH: 2735 (-2%), SOL: 158 (-5%) * Top Gainers: SPX, WBT, KAIA, VIRTUAL, FLR * BTC ETFs: +$165mn, ETH ETFs: +$240mn * Crypto pulls back after rally on https://t.co/Kp0mEURwTk
ETHEREUM ETF INFLOWS HAS HIT 4-MONTHS HIGH. US-CHINA DEAL HAS HAPPENED. THE SEC IS OPENLY SUPPORTING DEFI. US GOVERNMENT IS PUSHING FOR STABLECOIN BILL. CPI INFLATION IS COOLING OFF. DONALD TRUMP IS LOOKING FOR A NEW FED CANDIDATE. COMPANIES ARE ADDING ETH TO THEIR TREASURY
📉 Market Overview Market faces a pullback across the board: $BTC dropped to ~$107.6K, down -1.77% over the last 24 hours. $ETH followed with a -1.78% loss, trading at $2,747. Among top performers today are @WhiteRock_Fi, $SPX, and @KaiaChain, showing modest gains despite the https://t.co/tUIOaBaEe2
Cryptocurrency markets experienced volatility following a series of economic and geopolitical developments. Bitcoin (BTC) traded around $107,600 to $109,500, showing a slight pullback of up to 2%, while Ethereum (ETH) declined approximately 1.78% to $2,735-$2,747. Solana (SOL) led losses with a 5% drop to $158, despite optimism around potential Solana ETFs, which could be approved within three to five weeks and include staking options. The broader crypto ecosystem saw inflows into Ethereum ETFs reach a four-month high, with companies increasingly adding ETH to their treasuries. Market gains were noted in select assets such as SPX, WhiteRock Fi, and KaiaChain. Key macroeconomic factors influencing the market included a US-China deal, a $1.5 trillion stimulus package from China aimed at boosting its real estate market, and lower-than-expected US Consumer Price Index (CPI) inflation figures. The US government is advancing stablecoin legislation, and the Securities and Exchange Commission (SEC) has expressed support for decentralized finance (DeFi). Additionally, discussions around the Federal Reserve leadership continue, with former President Donald Trump reportedly considering new candidates for Fed chair. Noteworthy corporate developments include Coinbase reporting that 60% of Fortune 500 companies are working on blockchain technology. Despite recent rallies, the crypto market faced a pullback amid growing geopolitical tensions, including concerns over Israel-Iran relations.