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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.
- 13:52This week, 35 corporate entities implementing Bitcoin treasury strategies collectively purchased 4,700 BTCAccording to a report by Jinse Finance, citing statistics from @btcNLNico, entities implementing Bitcoin treasury strategies purchased a total of 4,700 BTC this week. Among them, six new entities adopted Bitcoin treasury strategies, acquiring 491.2 BTC; in addition, ten companies announced plans to implement treasury strategies in the future, with ReserveOne holding as much as $1.05 billion in funds; furthermore, 29 companies increased their holdings by 4,209 BTC.
- 13:32Economist: Bitcoin Supply Is Not What Matters—It's the Satoshi Supply That CountsOdaily Planet Daily News: Economist and well-known Bitcoin skeptic Peter Schiff posted on X, saying: "What would happen if the supply of Bitcoin were 21 billion instead of 21 million? If each Bitcoin were redefined as 100,000 satoshis (instead of 100 million), with the total supply of satoshis remaining unchanged, would it still feel scarce? '100 million' is just an artificially set unit; the actual supply of Bitcoin doesn't really matter. What truly determines scarcity is the supply of satoshis."
- 12:54Trump: 30% Tariffs Imposed on Mexico and the European UnionOdaily Planet Daily News: U.S. President Trump announced in a letter posted on his social media platform on Saturday that, starting August 1, goods imported from Mexico will face a 30% U.S. tariff. Trump also stated that if Brazil decides to raise tariffs for any reason, the U.S. will impose an equivalent increase on top of the existing 30%, regardless of the amount Brazil chooses to raise. In another letter, Trump said that starting August 1, goods imported from the European Union will also face a 30% U.S. tariff. (Jin10)