LATEST: 🇺🇸 US Senator Cynthia Lummis says lawmakers are "closer than ever" to delivering the country's pending crypto market structure bill, despite legislative delays.
Bitcoin ETF cumulative inflows this year have reached 3.8K BTC, surpassing 3.5K BTC in the same period last year.
Historically, January inflows are modest, with major inflows typically starting between February and April.
After months of hard work, we have bipartisan text ready for Thursday’s markup. I urge my Democrat colleagues: don’t retreat from our progress. The Digital Asset Market Clarity Act will provide the clarity needed to keep innovation in the U.S. & protect consumers. Let’s do this!
Canary just filed 8-As for Litecoin and HBAR ETFs joining Bitwise who filed one for Solana. These are the ones rumored to be poss looking to launch (along w Grayscale solana) this week despite shutdown. Not a done deal but clearly preparations being made. Stay tuned..
It seems very likely that we'll be getting into a stage that $ETH is going to take over the momentum from $BTC.
It looks primed to be taking out the lower timeframe highs, but if it does that, then we're on the edge of going towards a new ATH for ETH.
Binance market data shows BTC has broken above 125,000 USDT, now trading at 125,268 USDT, up 2.25% in 24 hours, marking a new all-time high. According to Coinglass, total liquidations in the past hour reached $100 million, including $90.33 million in short positions and $9.96 million in longs.
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