US stock market closes, Nasdaq down 0.89%
2025-01-16 21:01
The US stock market closed down, with the Dow Jones Industrial Average falling 0.16%, the Nasdaq falling 0.89%, and the S&P 500 index falling 0.21%.
24/7 Flashes
More >Today 2025-01-17
05:50
Bitcoin's 'Coinbase Premium' Muted Amid Reports Trump Plans to Designate Crypto a National Policy
Stars cannot align more positively for crypto in the U.S., the world's largest economy, if the latest media reports are anything to go by. Still, one key indicator shows a lack of excitement among U.S. investors.Late Thursday, Bloomberg reported that President-elect Donald Trump will likely issue an executive order announcing crypto as a national imperative or priority with a voice in his administration. Trump could also announce the creation of a crypto advisory that will advocate the digital asset industry's policy goals.The report comes amid heightened expectations that Trump will announce an executive order supporting the creation of a strategic bitcoin reserve on the first day of the office.Trump, a one-time crypto skeptic, embraced the industry in the lead-up to the November elections, raising hopes for easier regulations and widespread adoption of digital assets. On Friday, the crypto industry will host the "Inaugural Crypto Ball" in support of Trump, hoping he will live up to his poll promises after taking office on Jan. 20.An executive order declaring the creation of a strategic bitcoin reserve and policy priority would starkly contrast the largely anti-crypto Biden administration, under which agencies took more than 100 enforcement actions against the industry.Still, BTC is trading at a slight discount on the Nasdaq-listed Coinbase exchange relative to the global bourse Binance Holdings. It's a sign of muted stateside demand for the leading cryptocurrency.The chart by CryptoQuant shows gyrations in the Coinbase premium indicator, which measures the spread between BTC's price on Coinbase and Binance.BTC's November-December surge from $70,000 to over $108,000 was led by U.S. investors, as evident from the consistent Coinbase premium during that period. There's yet to be comparable bullish pricing on Coinbase, despite expectations for significant positive developments in the U.S. Perhaps much of the Trump optimism was factored in during the November-December rally, and stateside traders are now waiting to see if the incoming President to follow through on his promises.BTC changed hands at $101,600 at press time. Prices have largely traded between $90,000 and $108,000 since mid-December, CoinDesk Indices data shows.
05:50
BTC's main cryptocurrency earns 4.5% profit, with nearly $200 million in selling walls starting to disrupt the market
In the morning, BTC successfully broke through the $102000 mark. According to large order data, major investors are strongly bullish and have accumulated over $300 million in hanging and selling above $100800. It has now been sold for $199 million, including a large cash order of $14.28 million hung and sold by Coinbase's main force. After intensive sell orders are executed, BTC is under short-term pressure and can be monitored at the pressure level of $102000. It is worth noting that last night AiCoin timely pushed the BTC main password, reminding large investors to buy with a transaction volume of over 300 million US dollars, which is bullish and has now made a profit of 4.52%. Main selling orders: ① bullish before closing (prices need to rise to close the order); ② After the transaction, it becomes pressure and bearish. More real-time main trends can be obtained by setting the 'Main Large Order Tracking' indicator. The data is for reference only and does not constitute any investment advice!
05:48
BitMEX has launched FTR spot trading
Odaily Planet Daily News: According to official announcements, BitMEX has now launched FTR (Fautor) spot trading.
05:43
TRON leads the industry in reducing the scale of illegal transactions on the blockchain in 2024
Odaily Planet Daily News: The 2024 annual report produced by blockchain intelligence company TRM Labs has partially disclosed that TRON has achieved significant results in combating cryptocurrency crimes. In 2024, the global cryptocurrency trading volume exceeded 10.6 trillion US dollars, while the illegal trading volume decreased by 24% year-on-year to 45 billion US dollars, accounting for 0.4% of the total, a decrease of 51% compared to 2023. The illegal transaction scale of the TRON network has decreased the most, by about 6 billion US dollars, and the proportion of illegal activities has almost halved. This achievement is attributed to the sustained efforts of TRON in combating cryptocurrency crimes, particularly driven by the T3 Financial Crime Unit (T3 FCU) jointly established with Tether and TRM Labs. Since its launch in August 2024, T3 FCU has successfully frozen over $130 million in suspected criminal assets and worked closely with global law enforcement agencies to analyze and track the flow of funds involved in illegal activities such as money laundering and investment fraud. Sun Yuchen, founder of TRON, stated that the success of T3 FCU demonstrates the enormous potential of public-private partnerships in combating blockchain crime. In the future, TRON will continue to collaborate with global law enforcement agencies to promote the transparent, secure, and compliant development of the blockchain ecosystem.
05:07
Over 626 million US dollars flood into the US spot BTC ETF market
According to AICoin monitoring, a large amount of funds flowed into the US spot BTC ETF market yesterday, with a net inflow of up to 626 million US dollars. Among them, IBIT was the largest inflow, with a daily net inflow of 528 million US dollars; Next is ARKB, with a total of 155 million US dollars. And the grayscale GBTC outflow is 70 million US dollars. According to AICoin's "Spot BTC ETF Tracking" real-time trading strategy, there is a significant positive correlation between ETF fund inflows and BTC prices. Subscription indicators can be used to automatically place orders based on fund flows. Data for reference only