Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No results1Bitget Daily Digest（October 11）｜Trump Announces 100% Tariffs on China, Triggering Market Turmoil; Crypto Industry Liquidations Exceed $19.1 Billion in 24 Hours, Setting New Record.2Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist3US–China Tariff Fears Hit Bitcoin Treasury Stocks
Flash
- 13:28This week, Bitcoin ETFs recorded a total net inflow of $2.7 billion.According to Jinse Finance, market sources report that Bitcoin ETF saw a total net inflow of $2.7 billions this week. In addition, Ethereum ETF also recorded a total net inflow of $488 millions.
- 13:18Tom Lee: The decline was expected, and the probability of an increase in the next week is quite high.Jinse Finance reported that BitMine Chairman Tom Lee commented on today's market flash crash on CNBC: "The decline was expected, as there has already been a 36% increase since the April low. Today, the fear index VIX once surged by 29%, which is an extreme move in the top 1% of cases. Today's drop is a decent shakeout. What I want to tell everyone is that the market is indeed a bit tense, but unless there is a real structural change, this kind of pullback is a good buying opportunity. I can't say for sure that the market has bottomed today, but we know that under the current circumstances, the returns over the next week or even a month will be pretty good. If someone asks me how the market will perform a week from now, I would say the probability of an increase is quite high."
- 13:05DWF Labs partner: Liquidity has dried up, but bitcoin and strong projects should recover soonJinse Finance reported that DWF Labs partner Andrei Grachev stated, "This crash was not caused by fundamental factors such as the collapse of FTX, but rather by the tariff announcement and subsequent leveraged liquidations. Liquidity has been exhausted, but bitcoin and strong projects should recover soon."