The Federal Reserve cuts interest rates by 25 basis points, Bitcoin starts a sustained upward trend
According to reports, the Federal Reserve has officially announced a 25 basis point rate cut, which directly boosted risk assets such as Bitcoin. Bitcoin prices hit a new all-time high after Trump's election, and the rate cut decision was unanimously supported by 12 Federal Reserve voters.
Ethereum supply increased by 11,431 in 7 days, on-chain revenue and burn rate have declined significantly
Ethereum data shows that the market supply increased by 11,431 last week, on-chain revenue decreased by 69% compared to the average level of the 150 days before the upgrade, and the burn rate decreased by more than 80% during the same period. As a result, many industry professionals are pessimistic about the impact of the Ethereum upgrade.
After Trump's presidency, the SEC and the Senate may take a crypto-friendly stance
Bernstein predicts that under the Trump administration, the U.S. Securities and Exchange Commission and the Senate Banking Committee may take a more supportive stance on cryptocurrencies, which will lead investors to re-evaluate the prospects of crypto assets. In addition, the progress of stablecoin and market structure bills may also be accelerated as a result.
10% of Canadians already own cryptocurrencies, with BTC and ETH accounting for the majority
According to reports, currently about 10% of Canadians have already held crypto assets, of which Bitcoin and Ethereum account for about 60% of the total holdings. The growth of the Canadian cryptocurrency market is significant, mainly due to the new regulatory guidelines introduced by the Canadian government in 2024, which encourage exchanges and individuals to participate more actively in crypto trading.
The Fear and Greed Index has risen to 77, indicating that the crypto market is in a state of extreme greed
Data from Alternative.me shows that the cryptocurrency Fear and Greed Index has risen from 70 yesterday to 77 today, reflecting a shift in investor sentiment from greed to extreme greed. Market analysts say that with the FOMO sentiment high, investors also need to be aware of the risk of 'miss the pump'.
The UK House of Lords approves the Digital Assets Bill
According to reports, the UK House of Lords has formally approved the 'Digital Assets Bill'. The bill, drafted by the UK Law Commission, revived a proposal from 2022 to regulate cryptocurrencies as a formal activity, which was delayed due to changes in the government. This legislation aims to clarify legal disputes related to cryptocurrencies, marking progress in the UK's establishment of a clear legal framework for cryptocurrencies.Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official view of FameEX.
