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Although ETFs for Solana and other altcoins are being accelerated onto Wall Street, their ability to attract capital is limited in a declining market environment, and coin prices are generally falling. In the short term, it will be difficult for ETFs to significantly boost market performance.
This week has given me a glimpse into a country that is in the process of reinventing itself.
With the three main buying channels simultaneously under pressure and the staking ecosystem losing momentum, Ethereum's next stage of price support faces a structural test. Although BitMine is still buying, it is almost fighting alone. If even BitMine, the last pillar, can no longer buy, what the market stands to lose will not just be a single stock or a wave of capital, but potentially the very foundation of belief in the entire Ethereum narrative.
- 16:12BTC falls below $91,000Jinse Finance reported that according to market data, BTC has fallen below $91,000 and is now quoted at $90,953.83, with a 24-hour decline of 2.05%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 16:07Odaily Airdrop Hunter 24-Hour Express Special Topic Selected Activities Article Hot List Selected Opinions ODAILY Selected In-Depth ContentAccording to Odaily, Michael Saylor stated in an interview on Tuesday: "I believe bitcoin volatility has significantly decreased." He mentioned that when he began buying bitcoin for Strategy in 2020, its annualized volatility was around 80%. Since then, bitcoin's volatility has been on a downward trend and is currently about 50%. He noted that bitcoin's volatility may further decrease by about 5 percentage points every few years, and as the asset matures, its volatility will approach 1.5 times that of the S&P 500 index, while "its performance will also be 1.5 times better than the S&P 500." In addition, Michael Saylor said he is not worried about a larger drop in bitcoin, as the company's design can withstand an 80% to 90% drawdown and still operate normally. (Cointelegraph)
- 16:04The US Dollar Index (DXY) rises above 100, up 0.41% intraday.According to ChainCatcher, citing Jinse Finance, the US Dollar Index (DXY) has risen above 100, marking its first time since November 6. The intraday increase reached 0.41%.