Are you keeping a close eye on the crypto markets? Recent data reveals a concerning trend in the U.S. spot Bitcoin ETFs market. For seven consecutive days, these investment vehicles have experienced net outflows, signaling a potential shift in investor sentiment. Let’s dive into the details and understand what’s driving this trend. Seventh Day of Bitcoin ETF Outflows: What’s Happening? According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a net outflow of $1 million on April 11. While $1 million might seem small in the grand scheme of things, it’s the continuation of a pattern that’s raising eyebrows. This marks the seventh straight day of withdrawals from these highly anticipated investment products. What does this persistent outflow tell us about the current state of the crypto investment landscape? BITB Leads the Exodus: Decoding the Bitcoin ETF Outflow Data Let’s break down where these outflows are coming from. The primary driver behind the recent negative flow was Bitwise’s BTC ETF , known by its ticker BITB. BITB witnessed a significant $12.3 million exit from its fund on April 11. This substantial outflow indicates that a portion of investors are pulling their capital from this particular ETF. But is it all doom and gloom? Interestingly, not all spot Bitcoin ETFs are experiencing outflows. ARK Invest’s ARKB, for instance, bucked the trend, registering $11.3 million in inflows on the same day. This inflow into ARKB partially offset the overall negative figure, suggesting that while some ETFs are losing assets, others are still attracting investment. It highlights a nuanced picture within the broader Bitcoin ETF outflows narrative. Spot Bitcoin ETF Flows on April 11, 2024: A Snapshot To get a clearer picture, let’s look at the performance of individual ETFs on April 11: ETF Ticker Net Flow (USD Million) Bitwise Bitcoin ETF BITB -12.3 ARK 21Shares Bitcoin ETF ARKB +11.3 Other ETFs – No Change As you can see, the outflows were concentrated in BITB, while ARKB saw positive movement. The fact that other ETFs reported no changes suggests that the overall market sentiment might be selectively shifting rather than experiencing a widespread panic sell-off. Analyzing Investment Trends: What Do Bitcoin ETF Outflows Mean? What can we infer from these investment trends ? Consecutive days of outflows, even if small in net value, can indicate a few potential scenarios: Profit Taking: Investors who bought into spot Bitcoin ETFs earlier might be taking profits after a period of market gains. Shifting Sentiment: The outflows could reflect a change in market sentiment, possibly driven by macroeconomic factors, regulatory uncertainties, or concerns about Bitcoin’s price volatility. Rotation into Other Assets: Investors might be reallocating their capital to other asset classes, including other cryptocurrencies or traditional investments, seeking potentially higher or safer returns. Temporary Blip or Start of a Trend?: It’s crucial to consider whether these outflows are a short-term correction or the beginning of a more prolonged trend. Further monitoring of daily flows will be essential to determine the long-term implications. Navigating Crypto Investment Decisions Amidst ETF Flows For those involved in crypto investment , understanding these ETF flows is crucial. Here are a few actionable insights to consider: Stay Informed: Keep track of daily Bitcoin ETF outflows and inflows from various providers. Monitoring these flows can provide valuable insights into market sentiment and potential price movements. Diversify Your Portfolio: Don’t put all your eggs in one basket. Diversification across different cryptocurrencies and asset classes can help mitigate risk. Understand Your Risk Tolerance: Crypto investments are inherently volatile. Assess your risk tolerance and invest accordingly. Do Your Own Research (DYOR): Before making any investment decisions, conduct thorough research on the specific ETFs, the underlying assets, and the broader market conditions. Conclusion: Decoding Bitcoin ETF Signals The recent Bitcoin ETF outflows , while seemingly small in isolation, are noteworthy due to their persistence. The divergence in flows between BITB and ARKB highlights the nuanced dynamics within the spot Bitcoin ETF market. Whether this is a temporary phase or the start of a more significant trend remains to be seen. For investors, staying informed, understanding market signals, and making well-researched decisions are paramount in navigating the ever-evolving world of cryptocurrency investments. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Bitcoin’s price actions took a turn for the better in the past few days, and the asset jumped to $84,000 for the first time in about a week. The altcoins have also charted impressive gains over the last 24 hours, with SOL emerging as the top performer from the largest 10 alts. BTC Eyes $84K It was another wild trading week in the cryptocurrency space, mostly due to US President Trump’s ongoing Trade War with multiple countries. We talked a lot about the moves he made, the retaliation, as well as how each development caused substantial volatility in the market, you can check that here . Overall, BTC’s weekly low was quite painful. It came on Monday (and was almost mimicked on Wednesday) when the asset plunged to a five-month low of just over $74,000. Thus, it had dropped by $14,000 since the previous Wednesday. However, the cryptocurrency reacted well to the tariff pause against nearly every country (aside from China, when the situation escalated) and jumped above $82,000 on Wednesday evening. Perhaps driven by the favorable US CPI data for March, bitcoin kept climbing and tapped $84,000 on Friday and earlier on Saturday for the first time since the previous weekend. It now stands close to that level, with its market cap rising to $1.660 trillion on CG, and its dominance over the alts at 60.5%. BTCUSD. Source: TradingView SOL Rises Most altcoins have turned green today, and the larger caps are led by Solana’s native token. SOL has gained around 6% and now sits close to $125 after slipping into two-digit territory earlier this week. Ethereum stands at $1,600, XRP is well above the coveted $2 support, DOGE is up by 3.5%, while TRX has tapped $0.25. In contrast, TON and HBAR are with minor losses. PI has gained the most from the top 50 alts, having surged by 12% and trading above $0.65. ONDO follows suit with a 6% increase. The total crypto market cap is up by over $50 billion overnight to $2.745 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post BTC Price Taps a Weekly High, 6% Jump Takes SOL to $125 (Weekend Watch) appeared first on CryptoPotato .
A widely followed trader is leaning bullish on the native token of a decentralized finance (DeFi) crypto project built on the Ethereum ( ETH ) ecosystem. The analyst pseudonymously known as Credible Crypto tells his 466,900 followers on the social media platform X that it is within the realm of possibility for Curve DAO ( CRV ) to witness an over 400% rally from current levels. Credible says he sees CRV following in the footsteps of the payments altcoin XRP ( XRP ) when it witnessed a massive price rise in late Q4. “This is actually quite feasible because once we clear $0.60-$0.80, the next major resistance on CRV is at $2-$3. We already saw how quickly XRP went from $0.50 to $3+ [last] year when many said it wasn’t possible and/or were laughing at the idea. Have been hearing the same with regards to CRV for months now from those who haven’t spent any time actually understanding the protocol, and I’m expecting a similar outcome.” CRV is trading at $0.598 at time of writing. Turning to XRP, CredibleCrypto says the “most bullish scenario” for the fourth-largest crypto asset could materialize if XRP manages to rise above a major resistance level. “If we can break back above this point of breakdown [at around $2.20] impulsively, it would be a fantastic sign.” Source: Credible Crypto/X XRP is trading at $2.00 at time of writing. Next up is Bitcoin ( BTC ). The pseudonymous analyst says that while Bitcoin is holding up well, the crypto king needs to maintain support at roughly the $78,000 to $80,000 level to “keep the bullish idea intact.” Source: Credible Crypto/X Bitcoin is trading at $83,208 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Trader Says 5x Gain on Ethereum-Based Altcoin ‘Quite Feasible,’ Updates Outlook on XRP and Bitcoin appeared first on The Daily Hodl .
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Chinese companies are leading the AI arms race. Chinese politician and computer scientist Lou Qinjian said as much, recently commending DeepSeek for their accomplishments: “DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally, which contributes Chinese wisdom to the world,” he said. “ Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China’s technological development .” You might also like: AI’s trust problem can be solved using ZK solutions | Opinion In February, at the Artificial Intelligence Action Summit in Paris, US Vice President JD Vance made clear where the Trump Administration stands on artificial intelligence. He said that, first and foremost, the Trump administration will ensure that American AI technology remains “the gold standard” worldwide and that US companies remain the partner of choice for international companies and foreign countries. The Vice President argued that excessive regulation in the AI sector would kill the nascent industry, and that the administration would encourage pro-AI growth policies. “And I’d like to see that deregulatory flavor, making its way into a lot of the conversations at this conference,” he said . Vance also made it clear that AI should be free of ideological bias and that “American AI will not be co-opted into a tool for authoritarian censorship.” Finally, the Trump administration will safeguard a pro-worker growth path for AI so it can create jobs in the United States. Vance also brought up the notion of foreign adversaries weaponizing AI software to rewrite history, surveil users, and censorship. As Vance stated : “ This is hardly new, of course, as they do with other tech. Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture personal data, and create propaganda to undermine other nations’ national security. ” He warned conference attendees against partnering with such regimes. “From CCTV to 5G equipment, we’re all familiar with cheap tech in the marketplace that’s been heavily subsidized and exported by authoritarian regimes,” he said. “But as I know, and I think some of us in this room have learned from experience, partnering with them means chaining your nation to an authoritarian master that seeks to infiltrate, dig in, and seize your information infrastructure.” Under the hood of DeepSeek DeepSeek shocked global markets in January with low-cost models that made it seem like US companies were now behind in the AI arms race. The AI lowered the costs of developing reliable AIs, proving itself to be a powerful and cost-efficient open-source language model. It changed the way we view how much capital and computational resources are needed to develop AI. Researchers across the Western world are now left playing catch-up, studying DeepSeek’s technical advances and social implications. There are clear benefits to DeepSeek. For instance, startups without the deep pockets of Google and OpenAI can now compete in the AI sector. AI models can do more with less in the post-DeekSeep world. The company claims it took a mere $6 million using 2,000 Nvidia H800 graphics processing units (GPUs) versus the $80 million to $100 million cost of GPT-4 and the 16,000 H100 GPUs needed for Meta’s LLaMA 3. The Hangzhou-based startup’s AI model employs reasoning capabilities that allow smaller models, whereas other AIs have had to employ larger models. It also uses reinforcement learning, eliminating the need for supervised fine-tuning. Moreover, DeepSeek’s multi-head latent attention (MHLA) mechanism decreases memory usage to 5%, down from 13%, in earlier AI methods. DeepSeek raises privacy concerns and questions regarding data-sourcing and copyright. DeepSeek is open-weighted, not open source. Open source models share the full source code and data, and open weight models share trained weights but not the code. Therefore, the exact source code used to train the models is not available. Due to DeepSeek’s open weight model, it is unknown what its sources are. This seems to be the way most AI companies operate. DeepSeek made public its R1 training and open weight models, which will allow other AI developers to copy and build on the model, but not its sources. DeepSeek and geopolitics A race for AI dominance between China and the US has come into focus, while Russian capabilities on the matter remain a secret. Sberbank—Russia’s largest state-owned bank—has revealed its intentions to collaborate with Chinese researchers on AI projects. Russia and China, which share what they call a “no limits” strategic partnership, have long talked about AI cooperation—including in military applications—but little is publicly known about its depth or scope. Sberbank, under CEO German Gref, once a Soviet-style former state savings bank burdened by onerous bureaucracy, is today one of Russia’s leading players in artificial intelligence. It released its GigaChat model in 2023. “Sberbank has many scientists. Through them, we plan to conduct joint research projects with researchers from China,” Sberbank First Deputy CEO Alexander Vedyakhin told Reuters. As the AI arms race heats up, the benefits of open source innovation come to the forefront. Little flowers bursting through the concrete all around the world, coming up with cool tech that is open-sourced and decentralized. Read more: Who controls your digital identity? Blockchain’s answer to AI avatar risks | Opinion Author: Manouk Termaaten Manouk Termaaten is the founder and CEO of Vertical Studio AI.
In the ever-evolving world of cryptocurrency, milestones are markers of progress, adoption, and the unwavering spirit of innovation. Today, we’re thrilled to spotlight a truly massive achievement within the Tron ecosystem. Buckle up, crypto enthusiasts, because the Tron network has just announced a monumental leap forward! What Does 300 Million Cryptocurrency Accounts Mean for the Tron Network? Imagine a digital city teeming with 300 million residents. That’s the scale we’re talking about as the Tron network proudly announces it has surpassed 300 million accounts! According to TRONSCAN, the official blockchain explorer for Tron, the network has reached a staggering 300,093,098 accounts. This isn’t just a number; it’s a testament to the growing trust and adoption of the Tron network globally. Let’s break down why this milestone is significant: Massive User Base: 300 million accounts indicate a substantial and active user base. This scale enhances network effects, making the Tron network more robust and valuable. Increased Adoption: Such a large number of accounts directly reflects increased blockchain adoption . It signifies that more individuals and entities are choosing Tron for various applications, from transactions to decentralized applications (dApps). Network Strength: A larger account base often translates to a more resilient and decentralized network. It distributes power and reduces the risk of centralization, a core tenet of blockchain technology. Ecosystem Growth: With more accounts, the Tron ecosystem becomes more vibrant. Developers are incentivized to build on a platform with a large user base, leading to more innovative dApps and services. TRX Price Surge: A Positive Market Reaction? The market often reacts to significant network developments, and Tron’s milestone is no exception. TRX , the native cryptocurrency of the Tron network, is currently trading at $0.2463, showing a positive uptrend of 4.75% over the last 24 hours, according to CoinMarketCap data. Could this price movement be linked to the network’s impressive account growth? While correlation doesn’t equal causation, the timing is certainly noteworthy. Here’s what we can infer: Factor Potential Impact on TRX Price Positive Sentiment News of 300 million accounts generates positive sentiment around the Tron network and TRX, potentially attracting more investors. Increased Network Activity More accounts often lead to increased transaction volume and network activity, which can be seen as a positive sign for TRX utility and demand. Broader Crypto Market Trends It’s crucial to remember that the broader crypto market also influences TRX price. General market sentiment and Bitcoin’s movements play a significant role. It’s important to note that cryptocurrency markets are volatile, and price movements can be influenced by numerous factors. However, the 300 million account milestone undoubtedly adds a layer of positive fundamental strength to the Tron network and potentially to TRX ‘s long-term value proposition. Benefits of a Thriving Tron Network and Expanding Cryptocurrency Accounts Why should you care about the Tron network’s growth and the surge in cryptocurrency accounts ? The benefits extend to various stakeholders within the crypto space: For Users: More Options: A larger network means more dApps, services, and opportunities within the Tron ecosystem. Stronger Community: A massive community provides more support, resources, and engagement. Potentially Lower Fees: Increased network efficiency can sometimes lead to lower transaction fees over time. For Developers: Larger Audience: Developers gain access to a vast user base for their dApps, increasing potential reach and impact. Ecosystem Support: A thriving network often provides more resources and support for developers building on the platform. Innovation Hub: A large and active network fosters innovation and collaboration within the blockchain space. For the Crypto Space as a Whole: Mainstream Adoption: Milestones like this contribute to the overall mainstream adoption of cryptocurrency and blockchain technology. Increased Competition: A strong Tron network encourages healthy competition within the crypto market, driving innovation across the board. Validation of Blockchain Technology: Success stories like Tron’s reinforce the potential and real-world applications of blockchain technology. Challenges and Future Outlook for Tron’s Blockchain Adoption While celebrating this achievement, it’s crucial to acknowledge the challenges and look ahead. Sustaining growth and ensuring long-term success in the competitive crypto market requires ongoing effort and adaptation. Some key challenges include: Scalability: As the network grows, maintaining scalability and transaction speed remains paramount. Security: Ensuring the security of such a large network and the assets it holds is a continuous priority. Competition: The crypto space is intensely competitive. Tron needs to continue innovating to stay ahead and attract users and developers. Regulation: Navigating the evolving regulatory landscape globally is a significant challenge for all cryptocurrency networks. Looking ahead, the Tron network’s future appears bright. With a solid foundation of 300 million accounts, a vibrant ecosystem, and a dedicated community, Tron is well-positioned to continue its journey of growth and innovation in the blockchain space. The focus will likely be on further enhancing scalability, expanding its ecosystem with new and exciting applications, and solidifying its position as a leading blockchain platform. Key Takeaways: What Does This Mean For You? Tron is a Major Player: The 300 million account milestone solidifies Tron’s position as a significant player in the cryptocurrency and blockchain arena. Increased Network Value: A larger user base generally enhances the value and utility of the Tron network and its native token, TRX. Potential Opportunities: For users, developers, and investors, a thriving Tron network presents numerous opportunities for engagement and growth within the crypto space. Watch TRX: Keep an eye on TRX price movements and network developments as Tron continues to evolve and expand. Conclusion: A Monumental Leap for the Tron Network Reaching 300 million accounts is not just a number; it’s a powerful indicator of the Tron network’s resilience, growing popularity, and significant impact on the blockchain landscape. This incredible milestone underscores the increasing blockchain adoption and the potential of decentralized technologies to reshape industries and empower individuals globally. As Tron continues its journey, this achievement serves as a strong foundation for future growth and innovation, promising exciting developments for the entire crypto community. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain adoption.
The SEC is reconsidering its regulatory stance on cryptocurrency trading. Mark Uyeda proposed a temporary exemption framework to stimulate innovation. Continue Reading: Mark Uyeda Advocates for Temporary Crypto Regulations to Foster Innovation The post Mark Uyeda Advocates for Temporary Crypto Regulations to Foster Innovation appeared first on COINTURK NEWS .
St. Louis Federal Reserve Bank President Alberto Musalem warned on Friday that there was a growing risk that inflation could accelerate even as the labor market showed signs of softening. Speaking at an event in Hot Springs, Arkansas, Musalem warned that recent economic and policy developments, including trade and fiscal changes, could lead to a dual challenge of rising prices and weakening employment. That risk, once seen as a less likely outcome, is now “closer to the bottom line,” he said. “Uncertainty about the net impact and timing of new trade, immigration, fiscal and regulatory policies on prices, employment and economic activity is high,” Musalem said. “A scenario in which inflation rises and the labour market softens at the same time is a distinct possibility that must be considered.” Musalem said it was important to keep long-term inflation expectations stable and called for incoming data to continue to be closely monitored. “I believe it remains appropriate for monetary policy to remain cautious, carefully monitor incoming data and comprehensively assess the outlook and risks to employment and inflation,” Musalem said. Musalem's comments come as some Fed officials have signaled they are willing to keep interest rates steady in the face of potential inflationary pressures, particularly those linked to tariffs resulting from President Donald Trump's policies. Musalem said he expects the current economic expansion to continue, though likely at a slower pace. He cited falling stock prices and tightening financial conditions, including widening credit spreads, as factors that could drag on growth if they continue. He also reiterated concerns that some tariff-related price increases could have lasting effects and that the Fed may need to counter those effects with policy moves. However, he acknowledged the difficulty of detecting such effects in real time. Related News: Donald Trump's Cryptocurrency Project Responds to Allegations of Dumping Large Amounts of Altcoins “It may be appropriate to guard against a second round of inflationary effects,” Musalem said, noting that most long-term inflation expectations remain close to the Fed’s 2% target, but a University of Michigan survey showed signs of increasing concerns. Americans expect average prices to rise 4.4% over the next five to 10 years, the most since 1991, according to data released Friday. Short-term price growth expectations also rose to 6.7%, the highest since 1981. “The combination of high economic policy uncertainty, tighter financial conditions and retaliation by trading partners to US tariffs poses downside risks to economic growth and employment,” Musalem concluded. “Ensuring that inflation expectations are well anchored provides a balanced approach to monetary policy with an appropriate focus on the maximum employment side of the task.” New York Fed President John Williams said that U.S. economic growth is expected to slow significantly due to tariff policies and reduced immigration, and that real GDP growth is likely to fall below 1%. Williams also predicted that unemployment will rise to between 4.5% and 5% next year, while inflation will rise to between 3.5% and 4%. *This is not investment advice. Continue Reading: Following the US PPI Data, Two Senior FED Officials Made Important Statements
Arthur Hayes, co-founder of BitMEX, believes recent signals from the Federal Reserve suggest a potential liquidity injection that could benefit Bitcoin. Hayes points to rising bond yields and global economic
Boston Fed President Susan Collins has made it clear: the U.S. central bank stands ready to intervene if financial markets spiral into disorder. In a recent interview with Financial Times , Collins assured that the Federal Reserve has tools at its disposal to address sudden liquidity crunches or dysfunctions in market operations. While she emphasized there is no cause for alarm yet, her comments come as investors grow uneasy over a wave of asset selloffs hitting both stocks and bonds . As a voting member of the Federal Open Market Committee (FOMC), Collins’ remarks carry significant weight. The committee, which steers interest rate policy in the U.S., has already taken a softer stance this year by slowing its pace of quantitative tightening. In March, it reduced the cap on Treasury redemptions by a staggering 80%, a clear signal that the Fed is willing to pivot to preserve market health if necessary. Bitcoin Fate Tied to Dollar Liquidity What happens next with Fed policy won’t just sway equities or bond markets — it’s also likely to impact the cryptocurrency space, particularly Bitcoin. A growing body of research suggests that BTC price is more sensitive to global liquidity conditions than even its own underlying network fundamentals. A 2024 study from Kingston University professors J. Miao and Jinsha Zhao concluded that U.S. dollar liquidity has become a major driver of BTC price action, especially in the post-pandemic era. Their analysis found that liquidity conditions accounted for over 65% of BTC price movement — an eye-opening figure that reinforces Bitcoin’s growing correlation with broader macroeconomic currents. Macro Winds May Stir the Crypto Market Echoing this sentiment, macroeconomist Lyn Alden dubbed Bitcoin a “global liquidity barometer.” She pointed out that trends in global M2 — a broad money supply measure — often precede shifts in BTC’s trajectory. The early March uptick in global liquidity and signs of a reviving business cycle could suggest a favorable setup for BTC heading into Q2. If history holds, easing liquidity from central banks could recharge risk assets, including digital currencies. As the Fed watches markets with a cautious eye and investors search for direction, Bitcoin appears to be waiting on its cue — one that could come not from a blockchain upgrade, but from the shifting tone of global monetary policy. The post Fed Hints at Market Backstop as BTC Eyes Liquidity-Driven Rebound appeared first on TheCoinrise.com .
Ethereum’s resurgence from its recent lows has sparked debates about its sustainability amid rising market volatility. Despite an 11% uptick in price, analysts question whether this rally is underpinned by