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Quick Take The SEC asked for comments to be filed 21 days after being published in the Federal Register. Over the past few weeks, firms have flooded in with proposals from funds based on DOGE among other cryptocurrencies, seemingly in hopes that a change in leadership at the SEC could be friendlier to approve crypto ETFs.
Bitcoin struggles to break resistance, staying near $99K with weak rebounds, keeping bearish pressure intact. Further downside targets at $91K and $87K remain in focus as selling pressure persists in the current market structure. A breakout above the descending trendline is crucial for a bullish shift, but resistance levels continue to hold strong.
Bitcoin’s falling exchange reserves reflect strong accumulation, reinforcing its scarcity and potential for a breakout past $100K. With reserves below 2.4M BTC, shrinking supply and growing demand signal bullish momentum as Bitcoin edges closer to six figures. Historical trends show Bitcoin’s price surging when reserves drop, suggesting continued upward momentum if accumulation persists.
Quick Take JPMorgan analysts say Ethereum is underperforming as competition from rival blockchains intensifies. Ethereum’s market cap share has fallen to a four-year low and is likely to face continued pressure, according to the analysts.
- 17:02Fed's Goolsbee: likely to leave rates unchanged for nowToday the U.S. January quarterly non-farm payrolls recorded 143,000 people, significantly lower than the market's expected level of 170,000, a record low since last October. Fed Goolsbee spoke on the macro data, said, ‘This was a solid non-farm payrolls report. It looks like we're on the verge of full employment. After recent observations, I am optimistic that tariffs will not end up being a major obstacle to trade. Satisfied with the path of the economy. Tariffs could be a ‘spanner in the works’ in the supply chain. Wage growth is broadly in line with 2% inflation. Long-term market-oriented inflation expectations suggest that the market believes the Fed will keep inflation at 2%.’ ‘Currently the Fed is keeping interest rates unchanged, but over the next 12 to 18 months rates will be slightly below current levels. The pace of rate cuts will become slower under greater uncertainty. On the way to achieving our 2 per cent inflation target. We are likely to leave interest rates unchanged for the time being. The neutral equilibrium point for interest rates has fallen. Need to reach stabilisation of rates on a ‘prudent’ timetable. Don't see a role for the Fed in any sovereign wealth fund.’
- 16:59Trump plans to announce reciprocal tariff policy as early as FridayGolden Finance reports that President Trump informed Republican lawmakers that he plans to announce a reciprocal tariff policy as early as Friday. Previously on the campaign trail, Trump had promised reciprocal tariffs on U.S. imports equal to trading partners' tax rate equivalents on U.S. exports. The White House has not yet responded to a request for comment.
- 16:47Data: Today's Bitcoin ETF saw a net outflow of 1,137 BTC, while the Ether ETF saw a net inflow of 2,680 ETH.According to Lookonchain statistics, 10 Bitcoin ETFs (BTC ETFs) saw a net outflow of 1,137 BTC (~$112 million) today, with the Fidelity Wise Origin Bitcoin Fund (FBTC) seeing an outflow of 1,070 BTC (~$105 million), and currently holding 210,883 BTC (~$20.78 billion). The Fidelity Wise Origin Bitcoin Fund (FBTC) lost 1,070 BTC (~$105 million) and now holds 210,883 BTC (~$20.78 billion). In addition, nine Ether ETFs (ETH ETFs) as a whole showed net inflows of 2,680 ETH (about $7.35 million) in a single day, of which BlackRock (iShares) Ethereum Trust (ETHA) saw an inflow of 3,748 ETH (about $10.28 million), and currently holds 1,356,682 ETH (about $3.72 billion). 3.72 billion).