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Share link:In this post: Institutional investors jumped on the BTC dip this week, buying big as prices dropped. Spot Bitcoin and Ethereum ETFs saw major cash inflows, especially midweek, as the market began to recover. Morgan Stanley started promoting Bitcoin ETFs to wealthy clients, pushing other big players to consider doing the same.
Share link:In this post: Bitcoin, Ethereum, and Solana took a beating this week, with their biggest drops since 2022. The market was on a high in July, but momentum traders started pulling back, signaling potential trouble. After a wild sell-off, traders quickly jumped back in to buy the dip as liquidations slowed down.
The spot Bitcoin ETFs were in the red in four of the past six days.
- 15:42Analysis: US Inflation Cools for Three Consecutive Months, Cryptocurrency Concept Stocks Rise Against the TrendAccording to The Block, data from the U.S. Department of Labor shows that the CPI in April rose by 2.3% year-on-year, lower than the expected 2.4%, with core CPI remaining at 2.8%. The overall inflation rate hit a four-year low and has declined for three consecutive months. As a result, cryptocurrency-related stocks performed strongly: CEX stock price rose 16% in a single day to $240 Stock prices of mining companies like Marathon Digital also increased Both the S&P 500 Index and the Nasdaq Index saw gains Despite the overall cryptocurrency market dropping 3.4% on the day (with Bitcoin at $103,200), Nansen analyst Aurelie Barthere pointed out that blockchain stocks might be undergoing a "catch-up rally" as trade tensions ease and market risk appetite gradually recovers. 21Shares expert David Hernandez believes that easing inflation may influence the Federal Reserve's interest rate decision in June.
- 15:42Hyperliquid: SOL and FARTCOIN Deposits, Withdrawals, and Spot Trading Now OpenHyperliquid announced on platform X that SOL and FARTCOIN deposits, withdrawals, and spot trading are now open.
- 15:24Liquity V2 Relaunches on May 19The decentralized lending platform Liquity announced that its V2 version will relaunch on May 19, allowing users to mint BOLD stablecoins through ETH and stake LQTY to incentivize liquidity. According to previous reports from Foresight News, Liquity stated on February 12 that it was investigating potential issues affecting the V2 stability pool and constructed a protocol fix on February 21.