π’ Grayscale Research expects the Fedβs 25bps rate hike to have limited impact on crypto, while higher rates could increase revenue for Circle and Tether.
π’ $MSTRβs average daily trading volume over the past 30 days represents 5.4% of its market cap, compared with 0.9% for Tesla and much lower levels among other tech giants.
π’ BlackRockβs spot Bitcoin ETF ranked fifth among all U.S. ETFs by trading volume today, as $IBIT surged nearly 6%, according to Bloomberg ETF analyst Eric Balchunas.
π’ Ethereum climbed to $2,630, its highest level since January, as whale activity picked up and the number of non-empty wallets hit a record 207.17 million.
π’ Bitcoin demand remains resilient, with SOPR staying above 1 and pointing to continued bull-market conditions, according to Glassnode. Investors are still taking profits on $BTC without causing significant downside pressure.
π’ Bitcoinβs 30-day compression score has surged to an extreme 93.9%, with price tightening around its yearly moving average, according to CryptoQuantβs Axel Adler Jr.