Day: February 5, 2025

Bitcoin ETFs rebounded after Trump paused tariffs on Mexico and Canada

boss

Spot Bitcoin exchange-traded funds in the United States have returned to net inflows after President Donald Trump agreed to pause the imposition of tariffs on Canada and Mexico for a month following negotiations with their leaders. According to data from Farside Investors, the 12 spot Bitcoin ETFs recorded a net inflow of $340.7 million on Feb. 4, marking a shift from the outflows recorded the previous day when these investment products saw $234.4 million in net redemptions. BlackRock’s IBIT once again took the lead in inflows with $249 million entering…

ETH drops to $3k, BTC falls below $100k, RBLK market cap reaches $10.8m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock is poised for growth in 2025, leveraging blockchain solutions to transform the iGaming sector while Bitcoin and Ethereum navigate market volatility. The early months of 2025 have been extremely volatile. While Bitcoin has shown impressive resilience, bouncing back faster than others, the fate of the broader altcoin market ultimately depends on Ethereum’s ability to regain substantial momentum.  As the crypto market stabilizes, Rollblock is emerging as a standout…

Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says

boss

The on-chain analytics firm Glassnode has revealed how the Ethereum futures market is still overheated despite the long squeeze that just occurred. Ethereum Open Interest Still Notably Above The Yearly Average In a new post on X, Glassnode has discussed about how the Ethereum futures market has changed during the past day. ETH, like other digital assets, has witnessed significant volatility inside this window. Sharp price action usually means chaos for the derivatives side of the sector and indeed, a large amount of liquidations have piled up on the various…

Can It Break Through and Turn Bullish?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for Bitcoin Mining

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” Haris Basit, chief strategy officer at Bitdeer, said in a press release. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched…

XRP Price Tests Critical Barrier: Will Bulls Lose Steam?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Republican lawmakers launch bicameral working group to bring clarity to crypto

Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity. Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral working group to push legislation on stablecoins and digital asset market structures.  The move, announced on Feb. 4 at a Capitol Hill press conference, marks a coordinated effort between key House and Senate leaders to create a structured framework for crypto regulation, an issue that…

Bitcoin Struggles To Hold $100,000 As China Strikes Back With US Import Tariffs

boss

Este artículo también está disponible en español. Bitcoin (BTC) enjoyed a brief sigh of relief yesterday as the US delayed its proposed 25% trade tariffs on Mexico and Canada by a month. However, the US proceeded with its 10% tariffs on China, prompting retaliatory measures from Beijing. The escalation has pushed BTC back below the critical $100,000 price level. Bitcoin Suffers Amid Trade Wars After a volatile 24 hours filled with uncertainty surrounding US trade tariffs on Mexico and Canada, BTC experienced a short-lived relief rally to $102,000. This came…

Ethereum Price Path to Recovery Blocked by Key Barriers

Este artículo también está disponible en español. Ethereum price started a recovery wave above the $2,550 zone. ETH is showing positive signs but faces many hurdles near the $2,880 level. Ethereum started a decent upward move above the $2,550 zone. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,880 level. Ethereum Price Recovery…