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Bitcoin short liquidations spiked over $24 million in the past 24 hours as the price held above the $59,000 mark.Technical and fundamental bitcoin chart indicators show optimistic signs for the crypto market moving into the month of May, an analyst said.
After hitting a low under $57,000 earlier this week, BitMEX co-founder Arthur Hayes expects bitcoin to rally back to the $60,000 to $70,000 range.Hayes argues that recent policy announcements from the U.S. Federal Reserve and Treasury Department amount to “stealth forms of money printing” that will begin a slow grind higher for the crypto market.
Hong Kong’s three spot bitcoin ETFs have seen a decline in daily BTC inflows.Inflows reduced to 174.73 bitcoin on the second day from 3,910 bitcoin on the opening day.Total trading volume maintained at over $9.7 million on both days.
TON is among the most notable gainers in the past 24 hours.
- 10:33JPMorgan Chase: Cryptocurrency risk investment funds are expected to rise this year, but will not reach previous highsAccording to CoinDesk, a research report from JPMorgan Chase predicts that venture capital (VC) funding for cryptocurrency will rise this year due to regulatory clarity and more crypto-friendly policies during the tenure of U.S. President Donald Trump. However, due to intensified competition among large financial institutions, high interest rates, and the emergence of ETF products, funding levels may not reach previous highs. The report points out that new cryptocurrency projects are avoiding selling large amounts of tokens to venture capital firms and are increasingly turning towards community-driven platforms for fundraising.
- 10:32Cryptoquant CEO: The Bitcoin market remains bullish, previous data released contained errorsCryptoquant founder and CEO Ki Young Ju posted on X, stating that previously released data contained errors, emphasizing that the Bitcoin market still remains bullish.
- 10:32HIVE briefly broke through 0.48 USDT, with a 24-hour increase of 21.44%Bitget market shows that HIVE briefly broke through 0.48 USDT, currently reported at 0.4736 USDT, with a 24H increase of 21.44%.