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The US imposition of tariffs on Chinese goods has triggered a wave of risk aversion in the market, leading to a decline in the stock market and large-scale liquidations in cryptocurrencies. After a synchronized sharp drop, the spot market quickly rebounded, with BTC and ETH showing the strongest resilience. Options market trading volume reached a record high, and demand for short-term put options surged. The perpetual contracts market underwent an extreme test, with a significant increase in on-chain liquidation activities. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
Bitcoin dominance falls sharply after tariffs crash, with altcoins now leading the market in performance.Altcoins Take the Lead in Post-Crash RecoveryWhy Bitcoin Dominance Is FallingWhat This Means for Traders and Investors
- 16:28Powell: Balance Sheet Reduction May Be Nearing an End in the Coming MonthsChainCatcher news, according to Golden Ten Data, Federal Reserve Chairman Powell stated that the balance sheet reduction may be nearing its end in the coming months.
- 16:22ETH surpasses $4,100Jinse Finance reported that according to market data, ETH has surpassed $4,100 and is now quoted at $4,100.67. The 24-hour decline has narrowed to 1.38%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 16:10Tether reaches settlement with Celsius bankruptcy consortium and pays $299.5 millionAccording to ChainCatche, the Blockchain Recovery Investment Consortium (BRIC), jointly established by GXD Labs and VanEck, announced that after initiating legal proceedings in August 2024, BRIC has reached a settlement with Tether regarding the Celsius Network bankruptcy case. Tether has paid $299.5 million to the Celsius Network bankruptcy estate to resolve bankruptcy law and related claims brought against Tether in August 2024. The case involves collateral transfers and liquidations prior to Celsius's bankruptcy in July 2022. BRIC was appointed as the administrator for complex asset recovery and litigation in January 2024 and continues to manage Celsius's illiquid and litigation assets to advance the liquidation process.