The market enthusiasm is reignited! The spot Bitcoin ETF has attracted nearly 1 billion dollars in a single day, reversing the ongoing Outflow.

① Data from Farside Investors shows that last Friday, the single-day spot Bitcoin ETF attracted $0.9081 billion in funds, marking the largest single-day inflow since the end of November 2024; ② this single-day inflow reversed a trend of outflows that had persisted for several weeks; ③ Bitcoin's price is approaching $0.102 million, having risen 11% in a week, reflecting a resurgence of market optimism toward Bitcoin.

cls.cnJan 7 21:23

The crypto market is reigniting enthusiasm! Bitcoin has returned above 0.1 million dollars, and miners are stockpiling coins. Is the market preparing for the "Trump administration rally" in advance?

In fact, Bitcoin has a strong cyclical utility. From Historical Data, Bitcoin has shown considerable performance in the first quarter of the second year after each halving. Specifically, the first quarter of 2013 saw an increase of 539%, in 2021 an increase of 103%, and in 2017 an increase of 12%. The fourth halving will occur on April 20, 2024, so the market is closely monitoring Bitcoin's performance in the first quarter of 2025.

Futu NewsJan 7 22:09

The market reduces interest rate cut bets! The USA's December ISM services PMI exceeded expectations, and the price index reached the highest level since the beginning of 2023.

After the release of two major data points that exceeded expectations: Traders are no longer betting entirely on the Federal Reserve lowering interest rates before July.

wallstreetcnJan 7 23:50

The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".

It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.

wallstreetcnJan 7 20:41

Bitcoin Rallies Above 100k – Are the Bulls Back in Control?

FXStreetJan 7 20:31

XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 -- Again

Barron'sJan 7 19:18