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Despite recent market turmoil, major Bitcoin ETF issuers are acquiring large amounts of BTC, suggesting confidence in future demand and potential market stabilization.
Solana faces intense bearish pressure, plunging below support with strong downtrend signals from Ichimoku and BBTrend. A retest of February lows looms unless momentum shifts fast.
As traditional markets show clear signs of an impending recession, the crypto space is not immune from damage. Liquidations are surging as the overall crypto market cap mirrors declines in the stock market. Even though the source of these problems is localized to the US, the damage will have global implications. Traders are advised to …
Bitcoin Futures have surged past $100 billion in open interest, showing strong activity from institutional and retail traders. Whales are increasingly taking short positions even as Bitcoin trades above $85,000, diverging from retail sentiment. Altcoin markets are seeing reduced long interest from whales with XVG and ALICE being rare exceptions showing bullish positions.
Wormhole enters April at a crossroads, with weakening momentum and a looming token unlock adding pressure. Traders eye $0.089 as the breakout pivot in an uncertain landscape.
- 05:23Cathie Wood: For users seeking convenience, ETFs will have a certain appeal regardless of how widespread crypto wallets become in the futureAccording to ChainCatcher, as reported by Cointelegraph, ARK Invest CEO Cathie Wood stated that regardless of the adoption rate of crypto wallets in the next decade, crypto exchange-traded funds (ETFs) are likely to maintain their position in the economy. On May 23, at the Solana Accelerate event in New York, Cathie Wood said, "I think ETFs are an important stepping stone because, you know, wallets look very complex and create a lot of friction for consumers who just want to press a button." "So I think ETFs won't lose much appeal for those seeking convenience."
- 05:23Kenneth Rogoff: Cryptocurrencies Have Value, Their Growing Popularity in the Gray Market May Undermine the Dollar's StatusAccording to ChainCatcher, Bloomberg reports that Kenneth Rogoff, former chief economist of the International Monetary Fund (IMF) and member of the Federal Reserve Board, stated in an interview that geopolitical tensions and the growing influence of cryptocurrencies are undermining the global status of the dollar. Kenneth Rogoff believes that critics who consider cryptocurrencies to be mere scams and worthless are completely wrong. "The view that there is no 'fundamental value proposition' in cryptocurrency transactions is incorrect." One of the main markets for the dollar is the global underground economy, where the preferred payment method for such transactions used to be the dollar, but now the preferred method is cryptocurrency. Cryptocurrencies offer a recognized medium of exchange, which is a value proposition. Even if governments strictly regulate cryptocurrencies, they will still face significant challenges in controlling the underground economy. Therefore, Kenneth Rogoff believes that "cryptocurrencies have value." Authorities will face great difficulties in tracking cryptocurrency transactions in the gray market, which means cryptocurrencies are "not worthless."
- 05:23The President of The ETF Store: The Launch of Ethereum ETF is a Helpless Move by RegulatorsAccording to ChainCatcher, Nate Geraci, President of The ETF Store, stated on X: "A year ago, the U.S. Securities and Exchange Commission 'unexpectedly' approved a spot Ethereum ETF. I maintained my initial view: because Grayscale won its lawsuit against the SEC, the regulatory body had no choice. I hope to one day understand the full story. Since then, although the regulatory environment has changed significantly, no other spot cryptocurrency ETFs have been officially approved so far."