Crypto Market Pulse👀
The new week kicks off with strong momentum across the board🔥
• Coinbase premium remains positive, signaling continued institutional demand flowing in through U.S. markets 💼
• Another day of positive ETF flows for both Bitcoin and Ethereum💰
• Bitcoin printed a powerful reversal, nicely holding above our key trackline 📈
• Ethereum and most of our altcoins bounced right off their tracklines, confirming the recent dip as a successful retest 💥
• Metaplanet acquired 1,004 BTC for ~$104.3 million 🇯🇵
• Strategy, acquired 7,390 BTC for ~$764.9 million ⚡
• The U.S. Senate voted to move forward with the landmark GENIUS Act, which would bring regulatory clarity to stablecoins. This could open the door for fiat-backed stablecoins to scale globally — a crucial step in bringing traditional finance on-chain 🌐
• JPMorgan CEO Jamie Dimon told investors they will now allow clients to buy Bitcoin — another Wall Street giant bends the knee to crypto 🏦