Crypto Assets Market Brief: Bitcoin breaks $117,000 Ethereum breaks $3,000

Market Overview

Recently, the global trade situation has been tense, with the U.S. president announcing increased tariffs on most trade partners, causing market fluctuations. Despite this, U.S. stocks have reached new highs, with Nvidia's market value surpassing $4 trillion for the first time. JPMorgan's CEO warns that the market is underreacting to tariff threats and predicts a higher probability of Federal Reserve interest rate hikes than the market expects. There are divisions within the Federal Reserve regarding policy direction, and inflation data in the coming months will be crucial.

In terms of Hong Kong's digital asset policy, the "Hong Kong Digital Asset Development Policy Declaration 2.0" clearly incorporates digital assets into the global financial center strategy, promoting measures such as stablecoin licensing and on-chain RWA. A certain group is actively participating in this transformation process, including collaborating with funds to issue tokenized ETFs and supporting the compliant listing of stablecoins.

Bitcoin breaks through $117,000, setting a new historical high. On-chain data shows continuous inflows of funds, and analysts predict that large-scale sell-offs are unlikely before the price hits $130,900. A certain ETF has absorbed over $15 billion in funds since April, with a 60% probability of continuing to rise by 20% in the next two months. Ether breaks through $3,000, with institutions buying heavily to drive the price up. Analysts believe that Ethereum has returned to an upward trend.

The altcoin market has seen a general rise, with several tokens like HYPER experiencing significant gains. The trading volume of the NFT project Pudgy Penguins continues to soar. A new project announced an acquisition, causing the market value of the similarly named token to briefly spike.

Key Data

• Bitcoin:116,539 USD(+24.97%)
• Ethereum:2,968.02 USD(-11.02%)
• Fear and Greed Index: 72( Greed )
• Bitcoin market share: 63.8%
• Total liquidation amount in 24 hours: 1.136 billion USD

ETF Fund Flows

• Bitcoin ETF: +$1.179 billion ( historical second highest )
• Ethereum ETF: +$383 million ( historical second highest )

Recent Events

• A trading platform will launch CROSS and AIN perpetual contracts.
• Immutable and several other projects will unlock tokens.
• The Shanghai Municipal State-owned Assets Supervision and Administration Commission held a study meeting related to Crypto Assets.
• A listed company increased its holdings by 12648 Ether.
• BNB completed its 32nd quarterly burn, worth approximately $1.024 billion.

Top 500 Market Cap Largest Gains

1. Omni Network (OMNI): +195.50%
2. Hyperlane (HYPER): +97.00%
3. CROSS (CROSS): +70.72%
4. MemeCore (M): +64.49%
5. Banana For Scale (BANANAS31): +55.88%