๐ข Bitcoin: BTC is around $86K, after touching roughly $87.36K. Strong spot ETF inflows and short liquidations are supporting the move.
๐ฐ BTC ETF inflows: U.S. spot Bitcoin ETFs saw nearly $1B of net inflows on Mondayโthe largest daily inflow in about 11 months.
๐ข Altcoins: XRP and several major alts have also moved higher alongside BTC; Indian market data shows XRP around +4.5% in the latest 1-day reading.
๐ฆ Binance/Circle: Binance took a $100M stake in Circle alongside a five-year USDC-related deal.
๐ช๐บ EU stablecoins: ECB and EU central banks proposed changes to MiCA's stablecoin reserve rules, arguing the current bank-deposit requirement could create financial-stability risks.
โ ๏ธ Risk: Leverage is increasing after the recent short squeeze, so BTC/altcoin volatility can remain high.
Market focus: BTC ~$86K โ watch the $87Kโ$90K zone closely; a rejection or continued ETF buying could significantly affect altcoins.
๐ฐ BTC ETF inflows: U.S. spot Bitcoin ETFs saw nearly $1B of net inflows on Mondayโthe largest daily inflow in about 11 months.
๐ข Altcoins: XRP and several major alts have also moved higher alongside BTC; Indian market data shows XRP around +4.5% in the latest 1-day reading.
๐ฆ Binance/Circle: Binance took a $100M stake in Circle alongside a five-year USDC-related deal.
๐ช๐บ EU stablecoins: ECB and EU central banks proposed changes to MiCA's stablecoin reserve rules, arguing the current bank-deposit requirement could create financial-stability risks.
โ ๏ธ Risk: Leverage is increasing after the recent short squeeze, so BTC/altcoin volatility can remain high.
Market focus: BTC ~$86K โ watch the $87Kโ$90K zone closely; a rejection or continued ETF buying could significantly affect altcoins.
