Positive $BTC price dynamics against strong economic data
Positive $BTC price dynamics against strong economic data
The positive dynamics of the Bitcoin price are taking place amidst a rebound in US consumer confidence and a fall in inflation. Bitcoin has reached a new year-to-date high due to a massive buying wall, a shift in the futures markets, and the cancellation of short positions. However, there is still downside risk to consider. HODLers dominate the market, with 70% of all Bitcoin supply untouched for a year.
In Bitfinex Alpha this week, we look into how the positive $BTC price dynamics are taking place against a backdrop of strong economic data 💪 We’re seeing a rebound in US consumer confidence and a fall in inflation ✅ Get more details: go.bitfinex.com/Alpha83T
Bitfinex Alpha is back with news that 70% of all Bitcoin supply has been untouched for a year, as the HODLers dominate the market ✅ Over 80% of BTC is now in the green, but the hodlers are untempted to sell 📈 go.bitfinex.com/Alpha82p3T
What’s the $BTC price looking like today? 👀 Now at 41,859 USD, Bitcoin is ⬆️ by 6.02% 🔥 And trading volume is at over 105 million USD 🐳 Learn more about Bitfinex's deep liquidity: trading.bitfinex.com/t/BTC:USD
Bitcoin is at over 41,000! 🚀 $BTC has reached a new year-to-date high thanks to a massive buying wall, a shift in the future markets and a wipe out of shorts. Read the latest Bitfinex Alpha to find out more: go.bitfinex.com/Alpha83T
SimpleBTC App Launches Interactive Bitcoin Education with Lightning Rewards
A new educational platform called SimpleBTC App aims to revolutionize Bitcoin learning through: - Interactive lessons combining theory with practical transactions - Lightning Network rewards for completing lessons - Certification system to verify knowledge - Duolingo-style approach to cryptocurrency education The platform was created by Yannick to address the knowledge gap in traditional financial education regarding Bitcoin and monetary systems. [Watch the full demonstration](https://youtu.be/Qe387JdqDoQ)
US Strategic Bitcoin Reserve Announced at White House Crypto Summit
Former President Trump has announced the creation of a US Strategic Bitcoin Reserve at the inaugural White House Crypto Summit. Key developments include: - Executive order establishing a virtual Fort Knox within US Treasury - Commitment to end regulatory crackdowns on crypto - Push for stablecoin legislation by August 2025 Market reaction showed initial price increases on anticipation, followed by a sell-the-news event after the official announcement. The initiative marks a significant shift in US digital asset policy, though immediate market impact remains uncertain. Read more: [Bitfinex Alpha Report](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-market-losses-rise-as-bulls-hesitate/)
KAIA Token Now Trading on Bitfinex with Zero Maker Fees
Bitfinex has officially launched trading for $KAIA, the native token of KaiaChain. Key details: - Zero fees for maker orders - 4 basis points fee for taker orders - KaiaChain represents Asia's largest Web3 ecosystem - Created through merger of Klaytn & Finschia platforms - Integrated with LINE and Kakao Talk super apps KaiaChain aims to provide Web3 services to millions of users across Asia through established messaging platforms. The blockchain offers Ethereum-equivalent functionality as a Layer 1 solution. Learn more: [Educational Guide](https://blog.bitfinex.com/token/what-is-kaia-kaia/)
Bitfinex Integrates USDT0 for Cross-Chain Operations
Bitfinex has launched support for USDT0, an omnichain version of Tether's USDT stablecoin. Built on LayerZero's Omnichain Fungible Token standard, USDT0 enables: - Seamless transfers across multiple blockchains - No fragmented liquidity or traditional bridges - Support on networks including Ink and Arbitrum One The integration allows Bitfinex users to deposit and withdraw USDT0 across supported chains, streamlining cross-chain operations. [Learn more about USDT0](https://blog.bitfinex.com/token/what-is-usdt0/)
Ethereum's Price Struggles Amid Project Slowdown and High Fees
Ethereum's performance remains subdued due to several key factors: - High gas fees deterring new projects and builders - $1,800 identified as crucial support level to monitor - ETH ETFs showing mixed results: * Some inflows to newer products like BlackRock * Significant outflows from established funds like Grayscale The ETH/BTC ratio has reached its lowest point in over 1,200 days, with aggressive selling by major market makers like Jump Trading contributing to a 40% price decline. [Read full analysis on Cointelegraph](https://cointelegraph.com/news/ether-1-8k-correction-global-tariff-fears-eth-etf-outflows)