AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
The S&P 500 fell 0.5% on Friday due to tariffs and weak earnings, ending January up 2.7% but down 1% for the week. Gold fell to $2,795 on tariffs but may find support from Fed cuts and safe-haven demand. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 12.42%, with Bitcoin and Ether dropping by 3.98% and 12.30%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is HYPE, which surged 2.73% after the integration of Hyperliquid DEX with CMM for seamless trade tracking and analytics.
Hyperliquid (HYPE), launched in June 2023, is a decentralized perpetual exchange on a high-performance Layer 1 blockchain, offering fast, low-cost perpetual futures trading with full on-chain transparency and performance rivaling centralized exchanges. CMM now supports Hyperliquid DEX, allowing traders to sync full trading history, access real-time analytics, and share performance data. This integration also enables spot tracking and requires wallet verification for data security. However, only the latest 10,000 executions can be imported. CMM aims to expand its offering to onchain traders, making this integration a key step forward.
Check Out the Latest Prices, Charts, and Data of HYPEUSDT Perp Contracts!
Trump's recent tariff announcement, imposing 25% duties on Canadian and Mexican goods and 10% on Chinese imports, has caused a global market shakeup. Dow futures dropped, and crypto markets saw over $2.1 billion in liquidations, with Bitcoin and Ethereum suffering significant losses. The move is expected to heighten inflation, impacting investor sentiment and potentially leading to prolonged higher interest rates from the Federal Reserve. Despite retaliation from trading partners, some experts believe the market's reaction is exaggerated and that tensions could ease sooner than expected. The broader market remains volatile ahead of a busy earnings week.
Check Out the Latest Prices, Charts, and Data of TRUMPUSDT Perp and TRUMP/USDT Spot Contracts!
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
27 January 2025 | (108.5) | (349.1) | (457.6) |
28 January 2025 | 0.0 | 18.4 | 18.4 |
29 January 2025 | 0.0 | 92.0 | 92.0 |
30 January 2025 | 0.0 | 588.1 | 588.1 |
31 January 2025 | (30.6) | 349.2 | 318.6 |
Total (weekly) | (139.1) | 698.6 | 559.5 |
Current Total (since inception): | (21,891) | 62,393 | 40,502 |
From January 27 to 31, 2025, the BTC Spot ETF data showed a total of -$139.1M for GBTC and $698.6M for Non-GBTC, resulting in a total of $559.5M. For the current total, GBTC stands at -$21,891M, Non-GBTC at $62,393M, and the overall total at $40,502M.
Credible, an AI-powered platform for on-chain credit ratings and financial products, has launched its airdrop program. To participate, users must sign up, complete simple tasks (like following on X and joining Discord), and connect their Phantom wallet to earn Moons (points). Lending at least 10 USDC on the Solana chain boosts rewards. To qualify for the airdrop, users need at least 500 Moons and must complete 5 tasks. The program is supported by Solana, Circle, and other partners. Full details are available via the provided link.