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Bitcoin is enjoying some fresh relief as inflation data paints a slightly rosier picture than risk-asset traders feared.
If approved, new Solana and XRP exchange-traded funds could bring in as much as $13.6 billion in fresh investment capital during their first six to 12 months, according to JPMorgan analysts.The analysts posited that the “next wave of cryptocurrency” ETFs will not be as meaningful as those launched for bitcoin and ether given what they perceive to be “far lower investor interest.”
JPMorgan estimated that XRP and Solana ETFs could attract net inflows of over $15 billion.
The German analyst said that Dogecoin (DOGE), HBAR, XLM, and Cardano (ADA) are set to experience a parabolic rally.
Standard Chartered’s Geoff Kendrick cautioned that a breach of bitcoin’s $90,000 support level could spark spot ETF unwinds.He noted that this potential retracement might deepen to the low $80,000s, driven further by macroeconomic selling pressures.
Whale Boosts Position to 7,292 ETH Despite Unrealized Losses
BTC's 2025 trajectory is still optimistic, while the $100,000 mark is a significant resistance before an upside price resume
Bitcoin’s price initially surged following Donald Trump’s election victory, buoyed by the prospect of his pro-crypto policies.However, macro headwinds have seen markets cool since mid-December, leading analysts at K33 to ponder if Trump’s inauguration is no longer a sell-the-news event.
- 16:54South Korean listed company Bitmax increases holdings by 51.06 BTC, total Bitcoin holdings surpass 400Odaily Planet Daily reported that South Korean listed company Bitmax announced on the X platform that it has purchased an additional 51.06 bitcoins, bringing its total holdings to 400.25 BTC. Bitmax continues to be the largest bitcoin holder among South Korean listed companies. The company previously stated that it is raising an additional 5 billion KRW to support further bitcoin acquisitions.
- 16:53Meme Coin Ani Inspired by Grok Humanoid Companion Surpasses $25 Million Market Cap in a Short TimeAccording to ChainCatcher, citing GMGN market data, the market capitalization of the meme coin Ani, inspired by the Grok humanoid companion, briefly surpassed $25 million and is currently reported at $22.98 million, with a 1-hour increase of 44.96%. ChainCatcher reminds users that meme coins have no intrinsic value and are highly volatile; investors should exercise caution.
- 16:24Bitwise Launches Third-Party Proof of Reserves Service for Its Bitcoin and Ethereum Spot ETFsAccording to ChainCatcher, Bitwise has announced the launch of a third-party asset reserve proof transparency service for its spot Bitcoin ETF (BITB) and spot Ethereum ETF (ETHW). This service is provided by The Network Firm, a U.S.-registered accounting firm.