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Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
- 01:21Trump: Agreed with Mexico President to Immediately Suspend Anticipated Tariffs for One MonthOn February 3rd, according to market sources, Trump stated that he has reached an agreement with the President of Mexico to immediately suspend the expected tariffs for one month. In addition, Mexican President Xin Baomu revealed that he proposed a permanent suspension of tariffs to Trump, but both sides agreed to postpone it for one month. Trump also stated that negotiations led by US Secretary of State Rubio, Treasury Secretary Bei Sente, Commerce Secretary Lu Tenike, and Mexican officials will be held, and he looks forward to participating in these negotiations with Xin Baomu to strive for an agreement between the two countries.
- 01:20TON Foundation Director Founds Venture Capital Fund TVM Ventures, Initial Capital 100 million USDOn February 3rd, according to relevant reports, Steve Yun, former president and current director of TON Foundation, announced that he had founded venture capital fund TVM Ventures in November 2024, with an initial scale of $100 million. The fund funds come from Yun himself and a TON miner, focusing on investing in DeFi and payment finance projects within the TON ecosystem. Currently, it has invested in four projects including Factorial and Torch Finance. Yun expects that with the launch of tgBTC bridging and DeFi incentive plan in Q2 2025, the TON ecosystem will experience significant growth.
- 01:19BTC breaks through $102,000, up 3.21% intradayOn February 4th, Bitget's market showed that BTC had just broken through $102,000 and was now reported at $2000.00 per coin, with an intraday increase of 3.21%.