Bitget Crypto Market Trend-26th January

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Bitget2024/01/26 08:39

Crypto market Trend

Investigated by Jan. 26, 02:00 UTC：

- Total Market Cap = 1,549.5 Billion USD (down by 0.8% in 24 hrs, previous data: 1,561 Billion USD)

- 24 hrs Total Trading Vol. = 46.4 Billion USD (down by 11.2% in 24 hrs, previous data: 52.3 Billion USD)

- Market Sentiment Index = 49 Neutral (previously 52, Neutral)

Market analysis:

Ten spot Bitcoin ETFs, including GBTC, saw net outflows of $158 million on Wednesday, according to data compiled by Bloomberg Intelligence analyst James Seyffart.

The only fund to see actual negative flows this week was GBTC, whose total Bitcoin trust fell from 592,098 to 523,516. Among the other nine funds, BlackRock's IBIT and Fidelity's FBTC lead the way, each holding more than 40,000 Bitcoins as of January 24, compared with 20,000 each a week ago -25,000 Bitcoins. The two firms also have nearly $2 billion in assets under management.

ZetaChain announced token economics, and 10% of the total amount will be reserved for community rewards. ZetaChain community members can earn tokens by developing and contributing to the network.

According to on-chain analyst Ember Monitoring, from August 18 last year when the market flash crash began to December 25, whales/institutions bought 10.88 million LDOs from Binance through Amber Group at an average price of US$2.05. On 1 All 10.88 million LDOs (approximately $33.2 million) were transferred to Coinbase hours ago.

Programmable Privacy Network Aleo CEO and Foundation Executive Director Alex Pruden said in an interview that Aleo has just completed the third phase of Testnet 3 and listed a list of bugs discovered during the process.

U.S. officials plan to dispose of nearly 2,875 Bitcoins worth approximately $117 million seized from Ryan Farace and Sean Bridges in a dark web Silk Road law enforcement operation, according to a notice filed by U.S. officials.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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