CryptoQuant CEO revises bearish market outlook, says cycle theory evolving with institutional inflows
New players with long-term horizons are stabilizing Bitcoin's market, reducing volatility and changing traditional cycle patterns.
Happy Saturday!
Institutional forces are redefining the crypto landscape today. CryptoQuant’s CEO revises his bearish outlook, highlighting how long-term investors are smoothing Bitcoin’s volatility and transforming traditional market cycles. Meanwhile, BlackRock continues its high-level talks with the SEC, now adding tokenization to discussions on staking and ETP regulations. And Ark Invest’s Cathie Wood envisions a future where AI and Bitcoin drive a powerful new phase of U.S. economic growth. Explore these key developments below.
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The global crypto market cap is $3.3 trillion, with a 24-hour volume of $124.19 billion. The price of Bitcoin is $103,520.29, and BTC market dominance is 62.4%. The price of Ethereum is $2,415.46, and ETH market dominance is 8.9%. The best-performing sector is DuckSTARTER, which gained 9%. The Crypto Fear & Greed Index is currently Greed (70).
CryptoQuant CEO revises bearish market outlook, says cycle theory evolving with institutional inflows
New players with long-term horizons are stabilizing Bitcoin's market, reducing volatility and changing traditional cycle patterns.
📰 Top News
BlackRock meets SEC Crypto Task Force to discuss tokenization, ETP rules
The meeting followed another encounter on April 1 where BlackRock also discussed staking and ETP rules, but now added tokenization.
Cathie Wood predicts AI and Bitcoin to drive new phase of US economic growth
Ark Invest CEO Cathie Wood sees a new era of productivity-led growth, spurred by AI, digital assets, and automation driving economic transformation and stabilizing inflation.
Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers
BlackRock's IBIT dominated 92% of the net flows from April 7 to May 8, favored by the "beta with a side of Bitcoin" pattern.
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