The crypto market is rising, driven by regulatory updates in the U.S. and strong inflows of institutional capital. * Bitcoin tops US$70,000: After weeks of consolidation, BTC led a significant rebound, recording an increase of nearly 8% in 24 hours and breaking through the US$70,000 level.
The move triggered a wave of massive liquidations of short positions exceeding US$1,000 million in the derivatives market.
Ethereum and Altcoins up: ETH trades above US$2,100, driven by a broad-based short squeeze across the sector, while tokens such as HYPE and XRP post notable daily gains amid optimism.
Political and regulatory alignment: Donald Trump chaired a meeting at the White House with executives from the digital asset industry and urged Congress to speed up approval of the CLARITY Act (Clarity on Crypto Act), seeking to establish a legal framework for the industry and platforms in the U.S.
Return of flows to ETFs: Spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of more than US$500 million in a single day, marking the largest daily inflow of institutional capital in the past few months.
Banking adoption and integration: Standard Chartered and HSBC successfully carried out the first trial transaction on the Swift blockchain network, while the SEC advanced new proposals for regulating investment contracts and institutional services for cryptoassets.
#BTC #Binance $NVDA.US
The move triggered a wave of massive liquidations of short positions exceeding US$1,000 million in the derivatives market.
Ethereum and Altcoins up: ETH trades above US$2,100, driven by a broad-based short squeeze across the sector, while tokens such as HYPE and XRP post notable daily gains amid optimism.
Political and regulatory alignment: Donald Trump chaired a meeting at the White House with executives from the digital asset industry and urged Congress to speed up approval of the CLARITY Act (Clarity on Crypto Act), seeking to establish a legal framework for the industry and platforms in the U.S.
Return of flows to ETFs: Spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of more than US$500 million in a single day, marking the largest daily inflow of institutional capital in the past few months.
Banking adoption and integration: Standard Chartered and HSBC successfully carried out the first trial transaction on the Swift blockchain network, while the SEC advanced new proposals for regulating investment contracts and institutional services for cryptoassets.
#BTC #Binance $NVDA.US