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Bitcoin hits a wall at $75,000 while onchain energy markets run hot

CN
coindesk
1 month ago

  • DXY is up 0.09% at 99.80
  • Gold futures are up 0.03% at $5,003.80
  • Silver futures are down 0.61% at $80.19
  • Nikkei 225 closed unchanged at 53,700.39
  • Hang Seng closed up 0.13% at 25,868.54
  • FTSE 100 is up 0.54% at 10,373.64
  • Euro Stoxx 50 is up 0.45% at 5,764.94
  • DJIA closed on Monday up 0.83% at 46,946.41
  • S&P 500 closed up 1.01% at 6,699.38
  • Nasdaq Composite closed up 1.22% at 22,374.18
  • S&P/TSX Composite closed up 1.03% at 32,876.65
  • S&P 40 Latin America closed down 0.32% at 3,607.58
  • U.S. 10-Year Treasury rate is down 7 bps at 4.22%
  • E-mini S&P 500 futures are up 0.61% at 6,745.75
  • E-mini Nasdaq-100 futures are up 0.66% at 24,839.25
  • E-mini Dow Jones Industrial Average futures are up 0.59% at 47,261.00

Bitcoin Stats

  • BTC Dominance: 59.06% (-0.17%)
  • Ether-bitcoin ratio: 0.0313 (-0.39%)
  • Hashrate (seven-day moving average): 935 EH/s
  • Hashprice (spot): $32.42
  • Total fees: 2.54 BTC / $187,439
  • CME Futures Open Interest: 115,130 BTC
  • BTC priced in gold: 14.8 oz.
  • BTC vs gold market cap: 4.93%

Technical Analysis

The ETH/BTC ratio's consolidation has ended bullishly. (TradingView)
  • The chart shows daily swings in the ether-bitcoin ratio in candlestick format since November.
  • The ratio surged 5% Monday, breaking out of a prolonged trend of choppy price action.
  • The so-called bullish breakout suggests potential for continued ether outperformance ahead.

Crypto Equities

  • Coinbase Global (COIN): closed on Monday at $203.32 (+3.98%), +0.33% at $204.00 in pre-market
  • Circle Internet Group (CRCL): closed at $125.83 (+9.06%), +0.79% at $126.82
  • Galaxy Digital (GLXY): closed at $23.10 (+3.36%), unchanged
  • MARA Holdings (MARA): closed at $9.23 (–0.97%), +0.11% at $9.24
  • Riot Platforms (RIOT): closed at $14.40 (+2.56%), +0.21% at $14.43
  • Core Scientific (CORZ): closed at $16.97 (+2.91%), –0.41% at $16.90
  • CleanSpark (CLSK): closed at $10.02 (+2.66%), +0.50% at $10.07
  • Exodus Movement (EXOD): closed at $9.32 (+3.90%)
  • CoinShares Bitcoin Mining ETF (WGMI): closed at $40.45 (+5.68%), unchanged
  • Bullish (BLSH): closed at $39.62 (+8.19%), –1.29% at $39.11

Crypto Treasury Companies

  • Strategy (MSTR): closed at $147.52 (+5.62%), –0.83% at $146.3
  • Strive (ASST): closed at $10.86 (+13.96%), unchanged
  • SharpLink Gaming (SBET): closed at $8.20 (+8.90%), +0.49% at $8.24
  • Upexi (UPXI): closed at $1.08 (–2.70%), +4.63% at $1.13
  • Lite Strategy (LITS): closed at $1.25 (+5.93%)

ETF Flows

Spot BTC ETFs

  • Daily net flows: $199.4 million
  • Cumulative net flows: $56.31 billion
  • Total BTC holdings ~ 1.29 million

Spot ETH ETFs

  • Daily net flows: $35.9 million
  • Cumulative net flows: $11.86 billion
  • Total ETH holdings ~ 5.74 million

Source: Farside Investors

While You Were Sleeping

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