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In a signal of rising bitcoin demand from U.S. investors, the Coinbase bitcoin premium has turned positive for the first time since Oct. 18, according to an analyst.Additionally, institutional activity has surged, with CME bitcoin futures open interest hitting an all-time high and bitcoin options OI increasing to $25.2 billion — nearing its March peak.
Share link:In this post: Trump’s plan to raise tariffs to combat inflation may backfire. It can be argued that a Bitcoin reserve to reduce national debt could lead to financial volatility. Restricting immigration by deporting undocumented workers could lead to another economic slowdown.
Neiro is the best performing top 10 meme coin today.
The leading 2024 presale just secured $700,000 in two days, thanks largely to another enormous whale purchase of $6 million in PEPU.
Polymarket’s underlying blockchain chugged along more or less smoothly, processing 2,921,668 transactions on election day
- 08:18CryptoQuant: Indicators Suggest ETH Gains May Surpass BTC, Altcoin Season Approaching SoonAccording to a report by Jinse Finance, a new report from CryptoQuant states that ETH has quietly fallen to a historically rare range, as a market signal indicates that ETH is significantly undervalued compared to BTC. This signal comes from Ethereum's ETH/BTC Market Value to Realized Value (MVRV) metric, which is a relative valuation indicator used to measure market sentiment and historical trading patterns. Historically, whenever this metric reaches similarly low levels, ETH has achieved significant gains and outperformed BTC substantially. CryptoQuant believes that investors seem to have noticed this. With the demand for ETH ETFs rising sharply, the holding ratio of ETH/BTC ETFs has increased significantly since the end of April. This shift in allocation suggests that institutional investors expect ETH to outperform BTC, possibly driven by the recent Pectra upgrade or a more favorable macroeconomic environment. CryptoQuant believes that the current ETH/BTC price ratio has rebounded significantly, indicating that investors and traders are betting that the market has bottomed out, and the "altcoin season" may arrive soon.
- 08:04A newly created wallet withdraws 1.79 trillion PEPE from CEX, valued at approximately $22.22 millionAccording to a report by Jinse Finance, monitored by on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet address has withdrawn 1.79 trillion PEPE tokens from the exchange, valued at approximately 22.22 million USD.
- 08:03Grayscale Conducts Another Large Bitcoin Transaction Today, Transferring a Total of 6,500 BTC Worth Over $674 MillionAccording to a report by Jinse Finance, Grayscale conducted another large Bitcoin transaction today. Data monitored by Arkham shows that approximately 10 hours ago, a total of 6,500 BTC were transferred out of the Grayscale Bitcoin Trust, valued at approximately $674.05 million.