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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
Crypto investment products see $3.17B inflows in a week, pushing 2024 total to $48.7B, with Bitcoin taking the lead.Bitcoin Stays on Top, Altcoin Momentum CoolsInstitutional Interest Continues to Climb
Dip buying isn’t enough — Bitcoin needs stronger accumulation below the STH Realized Price to kickstart a new bull run.Accumulation vs. SpeculationWhat to Watch Next
- 16:11Europe’s largest asset management company Amundi to launch Bitcoin ETF in EuropeChainCatcher news, according to The Big Whale, Europe's largest asset management company Amundi, which manages assets of over $2 trillion, will launch a bitcoin ETF in Europe.
- 16:10Citibank plans to launch crypto asset custody services next yearChainCatcher news, according to CNBC, Citibank is planning to launch crypto asset custody services in 2026, as stated by a senior executive of the bank in an interview. As Wall Street giants continue to expand their presence in the digital currency sector, Citibank's move demonstrates that traditional financial institutions are accelerating their entry into this field. Biswarup Chatterjee, Global Head of Partnerships and Innovation for Citi Services, stated that the bank has been developing crypto custody services over the past two to three years and has now made substantial progress. Chatterjee said: "We are exploring on multiple fronts. We hope to launch a trusted custody solution for our asset management clients and other institutional clients within the next few quarters."
- 16:10Data: In the past 24 hours, total liquidations across the network reached $511 millions, with long positions liquidated for $253 millions and short positions liquidated for $258 millions.ChainCatcher News, according to Coinglass data, in the past 24 hours, the total amount of liquidations across the network reached $511 million, with long positions liquidated for $253 million and short positions liquidated for $258 million. Among them, bitcoin long positions were liquidated for $37.77 million, bitcoin short positions for $56.89 million, ethereum long positions for $67.46 million, and ethereum short positions for $89.78 million. In addition, in the past 24 hours, a total of 199,509 people worldwide were liquidated, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $5.79 million.