WisdomTree Bitcoin Fund

Today’s Key News Recap

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0522 | Dolphin Research Key Points: 🐬 Macro/Industry 1. The U.S. 20-year Treasury auction saw weak demand, with the awarded rate rising to 5.047% and the bid-to-cover ratio dropping to 2.46 times, nearly the worst performance since its launch five years ago. The surge in long-term U.S. Treasury yields dragged down U.S. stocks, increased risk aversion, pushed gold higher, and Bitcoin hit a new all-time high. The auction results exposed market concerns about the sustainability of U.S. long-term debt. Dolphin Research's brief review can be found in &#34;U.S. 20-Year Treasury Auction Ends in Disappointment&#34;...

Grayscale Bitcoin Trust BTC - ETF

CAM BTC

FA SAMSUNG BTC

iShares Bitcoin Trust ETF

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Alibaba HK SDR 5to1

Alibaba

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Xiaomi HK SDR 2to1

Xiaomi Corporation

Weak U.S. bond auction drags down U.S. stocks; Alibaba Digital Media and Entertainment rebrands | Today's important news recap

Bitcoin Dips 3.5% to $85,725 Intraday

Bitcoin falls to $115,000, Ethereum down over 5%

Venus Concept

Jeffs Brands

Jaguar Health

TNL Mediagene

Baiya

Locafy

ImmunityBio

Painreform

Bristol-Myers Squibb Company

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The core driving force behind this decline is the concentrated liquidation of billions of dollars in long positions in the cryptocurrency perpetual futures market. According to data compiled by Coinglass, over $3 billion in long positions have been liquidated across major exchanges. This week, Ethereum fell about 12%, breaking below the key support level of $4,000, while Bitcoin dropped about 5% this week, marking its largest decline since March

- This week, the cryptocurrency market experienced its most severe sell-off in months, with approximately $300 billion in market value evaporating due to a wave of high-leverage liquidations.  
- Ethereum led the decline, dropping about 12% and falling below the critical $4,000 support level, while Bitcoin also fell around 5%, marking its largest drop since March.  
- Analysts suggest that the market's momentum is weakening, although there are no signs of widespread panic, indicating a potential healthy correction despite ongoing short-term pressures.

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American Bitcoin

$300 billion evaporated! The cryptocurrency market suffered heavy losses this week, with Ethereum leading the decline

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HODL

The latest price of Bitcoin has risen by 2.68%, reported at $125,160.67

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VanEck Bitcoin ETF

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Jiuzi Holdings announced a phased rollout of a $1 billion cryptocurrency acquisition plan; the first Bitcoin purchase will be completed within two weeks

FA CSOP BTC

FBTC

In the last 24 hours, the MarketVectorTM Digital Asset 100 Small Cap Index fell by 0.30%, closing at 4152.79 points; the Mid Cap Index rose by 0.13%, closing at 3917.91 points; the overall Digital Asset 100 Index rose by 2.20%, closing at 19397.47 points. Solana rose by 1%, Dogecoin rose by 0.2%, and XRP rose by 4.8%. Bitcoin rose by 2.68%, closing at 93,706 USD; Ethereum rose by 1.37%, closing at 3,181.60 USD

Solana

Fidelity Wise Origin Bitcoin Fund - ETF

The Financial Services Agency of Japan is studying the possibility of allowing banks to hold and trade cryptocurrencies such as Bitcoin. The new policy will permit banking groups to register as trading service providers, but the agency will still impose risk management measures to ensure the financial soundness of banks and financial stability. Discussions will be conducted through a working group of the Prime Minister's Advisory Council. Currently, the number of cryptocurrency accounts in Japan has exceeded 12 million, a 3.5-fold increase compared to five years ago

- The Japanese Financial Services Agency is exploring allowing banks to hold and trade cryptocurrencies like Bitcoin for investment purposes, potentially altering the long-standing regulatory framework.  
- This initiative aims to address the growing popularity of cryptocurrencies as financial products, with plans for banks to provide trading services and register as crypto asset service providers.  
- However, the agency intends to impose specific regulations to ensure the financial stability of banks, balancing market access with the need for financial stability amid the high volatility of cryptocurrencies.

Japan considers allowing banks to hold and trade Bitcoin

"Wood" led ARK Invest increased its holdings in Bitcoin ETFs by nearly $600,000 on Friday and purchased stocks of crypto-related companies such as Bullish and BitMine, highlighting its bullish stance amid market pessimism. Throughout the week, ARK has been continuously adding positions, demonstrating its firm "buy the dip" strategy. The stock prices of related companies responded positively, with Bullish rising over 5% and Circle rising over 6%

- Amid significant downturns in the cryptocurrency market, ARK Invest, led by Cathie Wood, is increasing its exposure to crypto assets.  
- This week, ARK purchased shares in Bullish, BitMine, Circle, and Robinhood, totaling millions, contrasting sharply with the broader market's pessimism and significant outflows from Bitcoin ETFs.  
- ARK's strategy reflects a belief that the current price declines present a buying opportunity for core digital assets, as evidenced by their substantial investments throughout the week.

The cryptocurrency market has plummeted, and "Cathie Wood" has bottom-fished

Today's Market Outlook: 1. The three major stock index futures are rising, and Tesla's stock price has increased by over 1%. 2. Bitcoin has rebounded and surpassed $110,000, but analysts warn of downside risks. 3. Japan's Liberal Democratic Party and the Japan Innovation Party have reached a consensus on a coalition government, leading to a historic high for Japanese stocks. 4. Gold prices are fluctuating at high levels, attracting bargain hunters. 5. Tesla's earnings report and the U.S. September CPI data will be released on October 24th

mitrade

[Today's Market Preview] Bitcoin rebounds above $110,000, Japan's political situation faces a major event

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Chen Xinshen explored two major myths in the Bitcoin market in his article: the cyclical belief of "halving must lead to a bull market" and the cost myth of "miners' iron bottom," while responding to readers' doubts. The article analyzed the revaluation of Bitcoin's value in the global financial market and its changing position in mainstream asset allocation, emphasizing that Bitcoin has transitioned from the wild era into the mainstream

Stheadline

ARK 21Shares Bitcoin ETF

CoinShares Bitcoin ETF

Bitcoin bids farewell to the futile search for the sword: A discussion on the solar law and the bottom paradox | Chen Xinshen

Bitcoin breaks above $114,000, up 2.74% intraday

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WisdomTree Bitcoin Fund | 10-Q: FY2025 Q3 Revenue: USD 0

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Bitcoin price fell below $108,000, currently reported at $107,165, with a weekly decline of 6.9%. Market risk aversion is rising, and the options market shows investors are paying a premium to buy put options to hedge against risks. Miners have deposited approximately 51,000 bitcoins into exchanges, which may indicate a sell-off. Technically, Bitcoin has fallen below the 50-day moving average, and if it continues to stay below the 200-day moving average of $108,070, it may further test the support level of $102,000. Investors need to pay attention to the performance of key support levels

FI CSOP BTC

Two major alarms sound! Bitcoin falls below $108,000, and market risk aversion intensifies

U.S. stocks, gold, and Bitcoin all fell, while the yen and U.S. Treasuries rose. The dollar fell 0.5% against the yen to 153.34, and the ICE U.S. Dollar Index narrowed its decline to 0.26%. Spot gold fell below $3,980, and the 10-year U.S. Treasury yield dropped below 4.09%. The S&P 500 index fell 0.7%, the Dow Jones dropped 350 points, and the Nasdaq fell 1.1%. Bitcoin dropped below $102,000. Investors are awaiting remarks from Federal Reserve officials

U.S. stocks, gold, and Bitcoin all fell, while the yen and U.S. Treasury bonds rose, as investors await a wave of speeches from Federal Reserve officials

European stocks opened lower collectively, with S&P 500 futures and Bitcoin falling by 0.8% and 6% respectively. The Japanese stock market declined, and the USD/JPY fell by 0.5%, reported at 155.39 points. Bitcoin's price plummeted by 6%, dropping below the $86,000 mark, while Ethereum fell by more than 7%. Silver and copper prices continued to rise after setting new records last Friday

- Global stock markets and cryptocurrencies fell on December 1 as investors prepared for key U.S. economic data and central bank actions, reflecting heightened risk aversion.  
- European stocks opened lower, with significant declines in major indices, while Bitcoin and Ethereum also saw substantial drops.  
- The focus this week is on U.S. economic data that could influence Federal Reserve policy, amid uncertainties regarding leadership changes at the Fed and potential interest rate hikes from the Bank of Japan.

At the beginning of December, risk aversion increased, European stocks opened lower, U.S. stock futures fell, the yen rose, silver and copper hit new highs, and Bitcoin plummeted

DEFI

This rapid decline began with the sudden liquidation of approximately $19 billion in leveraged positions, severely impacting market confidence. Analysts believe that the latest drop is partly driven by concerns over the "serious overvaluation of AI stocks." Bitcoin is expected to record its worst weekly performance since March and has fallen below the key support of the 200-day moving average, which it has maintained since the bear market of 2022

- The cryptocurrency market has erased nearly all of its annual gains in just over a month, with total market capitalization dropping 20% from a peak of $4.4 trillion on October 6.  
- This decline was triggered by the sudden liquidation of approximately $19 billion in leveraged positions, severely impacting market confidence and pushing Bitcoin below its critical 200-day moving average.  
- Despite the overall downturn, there are signs of stability as U.S. spot Bitcoin and Ethereum ETFs recorded a net inflow of $253 million, indicating some institutional investors may view current prices as a buying opportunity.

Hashdex Bitcoin Futures ETF

Cryptocurrency bear market reappears: One month erases annual gains, total market value plummets 20% from peak

On November 27th, the market anticipated the Federal Reserve would cut interest rates in December, and U.S. stocks continued to rise before the holiday. JP Morgan strategists estimate that the S&P 500 will rise to about 7,500 points by the end of next year, with the most bullish scenario potentially breaking 8,000 points. The pan-European Stoxx 50 index is expected to rise by 14% next year. U.S. Treasury yields rose, and the U.S. dollar index retraced. Bitcoin returned to $90,000. South Korea's Naver acquired the cryptocurrency platform Upbit. Deutsche Bank raised its gold price forecast for next year to $4,450. Hong Kong stocks opened higher but the gains narrowed

WisdomTree Bitcoin Fund(BTCW.US)

$300 billion evaporated! The cryptocurrency market suffered heavy losses this week, with Ethereum leading the decline

The latest price of Bitcoin has risen by 2.68%, reported at $125,160.67

Jiuzi Holdings announced a phased rollout of a $1 billion cryptocurrency acquisition plan; the first Bitcoin purchase will be completed within two weeks

Japan considers allowing banks to hold and trade Bitcoin

Weak U.S. bond auction drags down U.S. stocks; Alibaba Digital Media and Entertainment rebrands | Today's important news recap