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Cryptocurrency

Crypto Daybook Americas: How SPX’s Warning Signifies Potential Volatility in Bitcoin Price

Here’s a summary of the news articles and market data from the text:

Market Data

  • Bitcoin (BTC) price: $102,000
  • Ethereum to bitcoin ratio: 0.036
  • Hashrate (seven-day moving average): 792 EH/s
  • Total Fees: 6.6 BTC/ $665,000
  • CME Futures Open Interest: 495,641 BTC

News Articles

  1. Bitcoin Traders Eye $109K as Trump Anticipation Builds, BTC ETFs Rake in Nearly $1B: Bitcoin rebounded from December lows after surpassing $102,000, with U.S.-listed spot BTC ETFs attracting nearly $1 billion in inflows on Monday.
  2. FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe: Backpack Exchange announced the $32.7 million acquisition of FTX E.U., aiming to become the first regulated exchange in the E.U. to offer perpetual crypto futures.
  3. Dollar EdgesToward One-Week Low as Market Ponders Trump Tariffs: The U.S. dollar index (DXY) eased toward a one-week low amid speculation President-elect Donald Trump’s tariffs may be less aggressive than promised, despite his denials.
  4. Canada Tilts Right as Inflation Claims Trudeau as Latest Victim: Justin Trudeau resigned as Canada’s prime minister as inflation, poor economic growth, housing unaffordability and controversial immigration policies eroded public confidence, boosting Conservative prospects of winning the next federal election.
  5. Bitcoin Miners Stockpile Coins to Ride Out Profit Squeeze: Some U.S. bitcoin miners, including MARA and Riot, are retaining all mined bitcoin for their treasury and using raised funds and profits to buy more while diversifying into AI-driven operations to offset rising costs and competition.
  6. This Crypto Fund Blew Past Bitcoin’s 121% Price Gain in 2024: Pythagoras’ Alpha Long Biased Strategy outperformed bitcoin’s 121% gain in 2024 by combining a core bitcoin position for long-term growth with machine-learning-driven momentum and long-short strategies, achieving a 204% return.

Other Articles

  1. Crypto Equities: MicroStrategy (MSTR) closed at $379.09 (+11.61%), while Coinbase Global (COIN) closed at $287.76 (+6.32%). Galaxy Digital Holdings (GLXY), MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), CleanSpark (CLSK), and Semler Scientific (SMLR) also reported price movements.
  2. ETF Flows: Spot BTC ETFs saw a daily net flow of $978.6 million, while cumulative net flows reached $36.89 billion. Total BTC holdings were approximately 1.134 million. Spot ETH ETFs reported a daily net flow of $128.7 million and cumulative net flows of $2.77 billion.
  3. Chart of the Day: The chart shows ether’s $4,000 call is now the most popular option on Deribit, with an open interest of $336 million.

I hope this summary helps! Let me know if you have any questions or need further clarification on any of these points.