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The cryptocurrency market experienced notable outflows from Bitcoin and Ethereum spot exchange-traded funds (ETFs) on December 30.
Bitcoin has edged higher over the past day despite global de-risking pulling equities lower, however, its 30-day Nasdaq correlation has climbed above 0.50, K33 Research reports.December’s FOMC meeting is seen as a major catalyst for the downturn in risk assets, with the Fed cutting its 2025 rate cuts forecast from four to two, analysts said.
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Quick Take Crypto M&A deals climbed to 248 in 2024, up from 221 in 2023 but still below 2022’s 271. Crypto VCs foresee consolidation rising in 2025, driven by clearer regulations and fintech expansion into crypto.
Quick Take Though they’ve been around for over a decade, memecoins have come to define 2024 much like how initial coin offerings dominated 2017 and NFTs took over 2021. Memecoins left their mark on the digital asset industry and aren’t going anywhere, sparking conversations on how the digital asset landscape should consider them moving forward.
IRS’s 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.
Virtuals Protocol's VIRTUAL token reached a record $4, driven by strong market momentum. The team remains focused on bold growth goals for 2025.
This crypto analyst compared $HYPE at $20 with $SOL at $8. Here's why.
- 15:45Analysis: As Bitcoin Rises, "Speculative Funds" Return to the MarketAccording to Cointelegraph, as Bitcoin rises, short-term Bitcoin holders (STHs) are returning to the market, signaling the entry of "speculative capital." Glassnode reports a surge in Bitcoin "hot capital." With BTC prices hovering at multi-month highs, new investors are entering the market. Glassnode notes that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This metric reflects the activity of short-term holders and serves as a reference indicator for the influx of speculative capital into the market. In just the past week, "hot capital" has grown by more than 90%, nearing $40 billion. Since the local low at the end of March, "hot capital" has cumulatively increased by $21.5 billion. This "surge in capital turnover" highlights a shift in market sentiment.
- 15:43ALPACA experienced liquidations of $1.114 million in the past hour, ranking second in the network after BTC, primarily driven by short position liquidationsOdaily reports that Coinglass data shows ALPACA faced liquidations of $1.114 million in the past hour, ranking second in the network after BTC. Short position liquidations accounted for $905,300, while long position liquidations totaled $208,700, with a significant focus on liquidating short positions.
- 15:42Over the past 24 hours, $153 million in total contract liquidations occurred across the entire network, causing both long and short positions to blow upNews on April 29: According to Coinglass data, over the past 24 hours, the cryptocurrency market experienced contract liquidations amounting to $153 million across the network. Long positions were liquidated for $73.0134 million, while short positions were liquidated for $80.0211 million. The total liquidation amount for BTC was $29.7152 million, and for ETH, it was $31.4629 million.