This is a lengthy article with various news updates and market analysis related to cryptocurrency, finance, and technology. I’ll summarize some of the key points:
Market Updates
- Bitcoin’s price has rebounded from December lows, surpassing $102,000.
- U.S.-listed spot BTC ETFs have attracted nearly $1 billion in inflows on Monday.
- The 30-year Treasury yield has topped its horizontal resistance and may reach above 5% if it holds at that level.
Regulatory News
- Backpack Exchange acquired FTX EU for $32.7 million, aiming to offer regulated crypto derivatives across Europe.
- Justin Trudeau resigned as Canada’s prime minister due to inflation, poor economic growth, and other issues, potentially impacting the country’s cryptocurrency landscape.
Industry Trends
- Bitcoin miners are stockpiling coins to ride out a profit squeeze, with some using raised funds to diversify into AI-driven operations.
- A crypto fund, Pythagoras’ Alpha Long Biased Strategy, outperformed bitcoin’s 121% price gain in 2024 by combining a core bitcoin position with machine-learning-driven momentum and long-short strategies.
Market Analysis
- The rally in longer-duration bond yields shows no signs of stopping, with the 30-year Treasury yield potentially reaching above 5%.
- Technical analysis suggests that ether’s $4,000 call is now the most popular option on Deribit, with an open interest of $336 million.
Financial News
- MicroStrategy (MSTR) closed at $379.09 (+11.61%), while Coinbase Global (COIN) closed at $287.76 (+6.32%).
- Some financial institutions, such as FTX EU and Canadian banks, are facing challenges due to regulatory issues or economic conditions.
Other News
- The U.S. dollar index eased toward a one-week low amid speculation about President-elect Donald Trump’s tariffs.
- A Canada-based crypto exchange is planning to launch regulated derivatives in the European Union.
Please let me know if you’d like me to expand on any specific points or provide further context!
