Litecoin leads to an optimistic ETF signal as market gatherings after Powell conversations

Written by omkar GodBole (at all times ET unless it is indicated otherwise)

The encryption market is traded positively with the Federal Reserve Risk event outside the road, with a focus on positives such as a friend of encryption at the White House, renewal in the Tether market, and The effect of the Chinese -Chinese year.

Among the cryptocurrencies with market evaluations of more than $ 5 billion, the prominent performer is Litecoin (LTC), silver to gold to Bitcoin, which has jumped over 11 % since early Asian hours compared to gains from 1 % to 3 % for the rest. It is the third best performance for the best 100 coins over the past 24 hours, thanks to the SEC that recognizes the sugame ETF suggestion from Canary Capital. This was opened for public comments, a step that hints to possible approval in the coming months.

“This is the first altcoin etf file for confession.” He said On X, noting that the proposal is the person who achieves the most progress in regulatory requirements.

The potential menu can be positive for LTC as it was in BTC and ETH. Note that despite the high prices to $ 130, LTC is still less than $ 410 a high record in 2021. Its price scheme offers a constructive look (checking the technical analysis department below).

In other major developments, activity on the chain Followed by Glassnode A lower level of retail sharing appears in BTC Right than it was in November. This is a fan of bulls looking for signals about whether the last step exceeding $ 100,000 is sustainable. Meanwhile, Lombard became more dominant in the Stoke Bitcoin space, as it acquired a giant share of the total BTC Staked this week.

The number of ETHEREUM’s active headlines recently raised an increase in March 2024, indicating a renewed rise in the activity on the series, according to InTothheblock data. ETHER price exceeded $ 3,200, but it has not yet wiped the downward trend line between December 16 and January 6.

In traditional markets, the return on the standard memorandum for 10 years in the United States decreased to 4.50 %, which was reviewed at the lowest level on Monday in a bullish step of risk origins. Those bosses on BTC may hope that the primary inflation in PCE will come later in the later day, leading to a decrease in the bond crop.

However, we will also get the gross domestic product in the fourth quarter, along with the report of the unemployed for the weekly work. Meanwhile, European gas prices have risen to the highest level in 15 months and can pump some fluctuations into risk assets. Stay on alert!

What do you see?

• Checks:
  • January 31: Crypto.com suspends the purchases of the USDT, WBTC, Dai, Pax, Paxg, Pyusd, CDCTHTH, CDCSOL, LCRO and XSGD currency in the European Union to comply with MICA regulations. Withdrawals will be supported by the first quarter.
  • Feb 2, 8:00 pm: Core Blockchain ATHENA Hard FORK Network Upgrade (v1.0.14)
  • February 4: PepeCoin (Pepe) half. In the block 400,000, the bonus will decrease to 31250 Pepe.
  • Feb 5, 3:00 pm: Boba Network Layer-2 based on Ethereum Mainnet.
  • February 5 (after the market closure): Microstrategy (MSTR) Q4 FY 2024 profits.
  • February 6, 8:00 am: Schentu series upgrade (V2.14.0).
  • February 11 (after the market closed): Exit (exit) movement Q4 2024 profits.
  • February 12 (before the market is opened): Koch 8 (Cotton) Q4 2024 profits.
  • February 13 (after the market closed): Coinbase Global (Coin) Q4 2024 profits.
  • February 15: QTUM (QTUM) upgrade the difficult fork network In a mass 4,590,000.
  • February 18 (after the market closure): Seemler Scientific (SMLR) Q4 2024 profits.
  • February 20 (after the market closure): Block (Xyz) Q4 2024 profits.
  • February 26: Mara Holdings (Mara) Q4 2024 profits.
  • February 27: Riot platforms (riots) Q4 2024 profits.
• Macro
  • January 30: At a meeting of the Czech National Bank Council, Governor Alice Michael Submit his plan In order for the central bank to adopt Bitcoin as a backup asset.
  • Jan 30, 8:15 AM: The European Central Bank announces the interest rate decision. This is followed by a press conference at 8:45 am Livestream link.
    • EST deposit facility rate. 2.75 % against the previous. 3 %.
    • EST Main Funding rate. 2.9 % against the previous. 3.15 %.
    • Previous marginal lending rate. 3.4 %.
  • Jan 30, 8:30 AM: The US Economic Analysis Office (BEA) launches the Q4 Advance GDP report.
    • QOQ EST GDP growth rate. 2.8 % against the previous. 3.1 %.
    • QOQ EST GDP. 2.5 % against the previous. 1.9 %.
    • Initial unemployment claims for the week on January 25 EST. 220k against the previous. 223k.
    • Continuing demands for unemployed. 18900k against the previous. 1899k.
    • QOQ EST basic PCE prices. 2.5 % against the previous. 2.2 %.
    • PCE QOQ Prev prices. 1.5 %.
    • Real consumer spending QOQ Prev. 3.7 %.
  • Jan 30, 4:30 pm: The Federal Reserve H.4.1 is launched a report on factors that affect the reserve balances for the week ending January 29.
    • Previous public budget. $ 6.83.
  • Jan 30, 6:30 pm: The Japanese Ministry of Interior and Communications issues the unemployment report in December.
    • EST unemployment rate. 2.5 % against the previous. 2.5 %.
  • Jan 30, 6:50 pm: Japanese Ministry of Economy, Trade and Industry report in December (preliminary).
    • Industrial production is 0.3 % from the previous. -2.2 %.
    • The former industrial production. -2.8 %.
    • My previous mom’s retail sales. 1.8 %.
    • Yoy EST retail sales. 3.2 % against the previous. 2.8 %.
  • January 31, 8:30 am: The US Economic Analysis Office (Bea) launches a personal income report in December 2024.
    • Basic Prices PCE Mami Pets Index. 0.2 % against the previous. 0.1 %.
    • The basic PCE price index. 2.8 % against the previous. 2.8 %.
    • PCE Price Index Mom Est. 0.3 % against the previous. 0.1 %.
    • Pce Price Index Yoy Est. 2.6 % against the previous. 2.4 %.

Symbolic events

• Voices of governance and calls
  • The rare DAO votes whether the RARI should be given an authorization to cooperate with a rare to implement a multi -metal protocol collection and design a preliminary protocol for NFT Mints.
  • COW DAO votes on granting the main treasury team to allocate 80 million codes to support liquidity providing, the growth of the Treasury and the development of products to the cow from 2025 to 2028.
  • Synapse Dao votes on upgrading the syn icon to CORTEX COX and enjoy both holders of the same value.
• to open
  • January 31: Optimism (reference) to open 2.32 % of the trading offer of $ 46.39 million.
  • February 1: Sui (sui) to unlock about 2.13 % of its inventory supplies of $ 261.91 million.
  • February 2: ETANA to cancel a lock of about 1.34 % of its inventory supplies of $ 29.53 million.
• Distinguished symbol lists
  • January 30: Pepe (PEPE) to be included on Bitflyer.

Conferences:

Distinguished symbol speech

Written by Shuria Malwa

• Jelly’s code has increased to the market value of $ 200 million in the latest example of the founders of the Web2 company that launch their symbols.
• The distinctive symbol was launched by Sam Lessin, one of the founders of Venmo, to get Bootstrap and attraction for a new video chat application called Jelly.
• Jelly was combined into Jelly Esports, which includes features like Solana Boxes, a looting box game where players can win luxury materials by rotating with Sol or Jelly Tokens.
• Fees are allocated from the use of gel dynamically for burning incentives, deception, liquidity saving incentives, gamification, and team support.

Locate the location of the derivatives

• The future future open interest in Litecoin increased by approximately 20 % in 24 hours with a net cumulative size of the Delta (CVD), indicating the purchase of net purchase.
• TRX, SUI and BTC are also boasting about positive cardiovascular disease.
• BTC and ETH CME FUTURES Premiums TRICK are higher in a sign of traders chasing bullish exposure.
• On Deribit, BTC and ETH calls continue to trade the tampons more. Block flows have been mixed, including calendar differences and short VOL strategies such as short extended.

Market movements:

• BTC increased by 0.86 % from 4 pm East to 105,190.06 dollars (24 hours: +2.46 %)
• Eth 2.63 % increased at 3,134.98 dollars (24 hours: +2.62 %)
• Coindesk 20 increases by 1.74 % to 3,826.50 (24 hours: +2.41 %)
• The CESR 3 -bit vehicle survey rate decreased to 3.03 %
• BTC financing is 0.0092 % (10.12 % annual) on Binance
• Dxy did not change at 107.98
• Gold rises 0.91 % at $ 2,778.26
• Silver increased by 1.11 % at $ 31.05/ounces
• Nikkei 225 closed +0.25 % to 39,513.97
• Hang Seng +0.14 % closed to 20,25.11
• FTSE increased by 0.34 % in 8,587.03
• EURO Stoxx 50 is 0.73 % in 5,269.01
• Djia closed on Wednesday -0.31 % to 44,713.52
• S & P 500 closed -0.47 % to 6,039.31
• Nasdak closed -0.51 % to 19,632.32
• Closed S&P F/TSX Complex +0.21 % to 25,473.30
• S & P 40 America America closed unchanged at 2,336.48
• The Treasury in the United States has decreased for 10 years by 4.51 %
• E-MINI S & P 500 is 0.33 % in 6,087.50
• E-MINI NASDAQ-100 Futures increased by 0.49 % at 21,627.75
• The E-MINI Dow JONES Industry Mexitage Index increases by 0.38 % to 45,062.00

Bitcoin Statistics:

• BTC dominance: 59.53 (-0.51 %)
• ETHEREUM ratio to Bitcoin: 0.03054 (1.73 %)
• Hashrate (Seven Day Average): 774 EH/S
• Hashprice (spot): $ 62.2
• Total fees: 4.82 BTC/ 494,506 dollars
• Cme Futures Open benefit: 170,105 BTC
• BTC at gold price: 38.0 ounces
• BTC market roof against Gold: 10.80 %

Technical analysis

• LTC has separated from a multi -time basis style, indicating a renewed bullish shift in momentum.
• The resistance is seen with $ 150, followed by $ 300, with a support of $ 86, which is Swing December.

Encryption

• Microstrategy (MSTR): closed on Wednesday at $ 341.25 (+1.58 %), an increase of 0.87 % at $ 343.86 in the market before the market.
• Coinbase Global (COIN): Closed at $ 291.00 (+3.26 %), an increase of 0.69 % to $ 293 in the market before the market.
• Galaxy Digital Holdings (GLXY): Closed at $ 29.09 (+4.38 %).
• Mara Holdings (MARA): Closed at $ 18.42 (+0.88 %), an increase of 0.87 % at $ 18.58 on the market before the market.
• Riots (RIOT): closed at $ 11.22 (+2.47 %), an increase of 1.52 % at $ 11.39 in pre -market.
• Core Scientific (Corz): Closed at $ 11.88 (+1.33 %), an increase of 3.66 % at $ 11.88 on the market before the market.
• Cleanspark (CLSK): Closed at $ 10.26 (+2.09 %), an increase of 1.07 % at $ 10.37 on the market before the market.
• Coinshares Valkyrie Bitcoin Miners Etf (WGMI): Closed at $ 11.22 (+1.58 %).
• Semler Scientific (SMLR): Closed at $ 52.08 (-0.42 %), a decrease of 0.15 % to $ 52 in the market before the market.
• Exit (exit): closed at $ 89.30 (+11.4 %), an increase of 5.88 % at 94.55 dollars in the market before the market.

Etf flows

Etf flows

BTC Etfs Stain:

• Daily net flow: 92 million dollars
• Cutting net flow: 39.6 billion dollars
• Total BTC Holdings ~ 1.17 million.

ETH ETFS spot

• Daily net flow: -4.82 million dollars
• Cutting net flow: $ 2.66 billion
• Total Eth Holdings ~ 3.6 million.

source: Farside investors

It flows overnight

Today’s scheme

• The BTC chart, spent by a portfolio owned by investors and youngsters for retail and whales.
• Small headlines currently spend $ 10.7 million in BTC every hour, a 48 % decrease from $ 20.6 million in November.

While you sleep

In the ether