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Here’s the New SEC Deadline for BlackRock’s Spot Ethereum ETF
Here’s the New SEC Deadline for BlackRock’s Spot Ethereum ETF

SEC defers decision on BlackRock’s Ethereum ETF application to March 10, 2024, for comprehensive assessment.

Cryptopotato·2024/01/25 21:13
ETF Anticipation Ends in ‘Sell-the-News’ Slump for BTC, ETH Sees a Notable Boost: Glassnode
ETF Anticipation Ends in ‘Sell-the-News’ Slump for BTC, ETH Sees a Notable Boost: Glassnode

Ethereum sees a “burst of outperformance,” as it emerges as the short-term winner while the spot ETF ends up being a classic “sell-the-news” event for Bitcoin.

Cryptopotato·2024/01/25 19:28
Why declining prices did not stop Bitcoin holdings increasing for new ETFs
Why declining prices did not stop Bitcoin holdings increasing for new ETFs

When ETF shares are sold it does not necessarily lead to a decline in AUM if those shares are not redeemed by APs.

Crypto Slate·2024/01/25 19:19
Deribit sees increase in bitcoin futures open interest despite declines on the CME
Deribit sees increase in bitcoin futures open interest despite declines on the CME

An analyst has identified several underlying market movements that could be behind a decline in bitcoin futures open interest on the Chicago Mercantile Exchange.

The Block·2024/01/25 17:06
Bitcoin downside pressure limited as GBTC profit-taking mostly concluded: JPMorgan
Bitcoin downside pressure limited as GBTC profit-taking mostly concluded: JPMorgan

JPMorgan analysts expect limited further downside for bitcoin as profit-taking in GBTC has largely concluded.Despite the optimistic outlook, the analysts warn that GBTC could experience ongoing outflows unless it reduces fees in the near future.

The Block·2024/01/25 16:53
Flash
02:04
SMBC Nikko Securities: If the Federal Reserve raises interest rates, it may increase the tightening pressure on the Bank of Japan
(1) SMBC Nikko Securities strategist Ataru Okumura stated that if inflation prompts the Federal Reserve to raise interest rates, it could increase tightening pressure on the Bank of Japan. (2) Since the significant interest rate gap with the United States has long been a core driver of yen weakness, any new round of global tightening could expose the Bank of Japan's risk of being relatively slow to raise rates. (3) Although concerns about Japanese government intervention may prevent the USD/JPY from significantly exceeding 160, investors are skeptical about the sustainability of intervention measures, so the Bank of Japan may be forced to raise rates at a slightly faster pace.
02:04
Spot gold intraday trading advice: oscillating upward, buy the dips
(1) Analysis: The Federal Reserve has kept interest rates unchanged but signaled a possible rate hike later this year. The rebound in the US Dollar Index and US Treasury yields is putting pressure on gold. Meanwhile, the easing of tensions in the Middle East has reduced safe-haven demand, causing market expectations for a December rate hike to heat up significantly. However, after a consecutive decline, gold is now approaching an important support area. In the short term, attention should be paid to whether low-level buying can trigger a technical rebound. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US initial jobless claims data (3) Resistance: 4350, 4380, 4400 (4) Support: 4300, 4260, 4200;
02:03
US crude oil short-term trading suggestion: fluctuating downward, sell on rallies
(1) Analysis: The expected signing of a peace agreement between the US and Iran continues to intensify, and the reopening of the Strait of Hormuz to navigation has eased supply concerns, leading to a further decline in market risk premiums. Meanwhile, the International Energy Agency predicts that global crude oil supply growth will significantly outpace demand growth in the coming years, and expectations of a loose supply-demand balance are suppressing oil prices. However, after a consecutive decline in the early stage, there is technical demand for a correction, so prices may maintain a short-term volatile and slightly weak trend.(2) Key focus: Geopolitical situation, inventory data, US Dollar Index, OPEC+ production policy(3) Resistance: 75.00, 76.50, 77.00(4) Support: 74.30, 74.00, 72.00
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