Nasdaq rule change proposal and market impact on crypto | Flash news details

On January 27, 2025, NASDAQ announced a proposed rule change to allow eyes-to-eye fidelity for the Blackrock Spot Bitcoin ETF (Source: CCDATA, January 27, 2025). This proposal aims to simplify the redemption process, and possibly increase the liquidity and attractiveness of the ETF. Following this announcement, Bitcoin’s price rose 3.5%, reaching $52,340 at 10:30 AM EST (Source: CoinmarketCap, January 27, 2025). Bitcoin trading volumes on major exchanges like Binance and Coinbase saw a spike of 22% to 1.2 million BTC traded within the first hour of the announcement (Source: Cryptoquant, January 27, 2025). The Bitcoin/USD trading pair showed increased volatility, with the hourly Bollinger bands widening significantly (Source: TradingView, January 27, 2025). On-chain metrics indicated an increase in active addresses, increasing 15% to 900,000 in the same time frame (Source: Glassnode, January 27, 2025). The impact of the proposal was also evident in the futures market, with Bitcoin futures interest rising 8% to $28 billion (Source: Coinglass, January 27, 2025). The move is seen by Nasdaq as a positive development for institutional investors, possibly driving capital into the cryptocurrency market (Source: Bloomberg, January 27, 2025).

The trading implications of the Nasdaq proposal are significant. Increased liquidity and in-kind redemption potential can attract more institutional investors, leading to a continuous increase in the price of Bitcoin. The spot price increase to $52,340 at 10:30 AM EST (Source: CoinmarketCap, January 27, 2025) indicates strong market approval of the proposal. Additionally, trading volumes on exchanges such as Binance and Coinbase rose 22% to 1.2 million BTC within the first hour (Source: Cryptoquant, January 27, 2025), indicating increased interest and potential price movements. The Bitcoin/EUR trading pair also showed a similar trend, with prices rising 3.4% to EUR 47,920 at 10:45 AM EST (Source: Kraken, January 27, 2025). Market sentiment, as reflected in the Crypto Fear & Greed Index, moved from 65 to 72, indicating a shift towards greed and potential upward momentum (Source: Alternative.me, January 27, 2025). The impact of the proposal on altcoins was also noticeable, with the price of Ethereum rising 2.1% to $3,150 at 11:00 AM (Source: Coingecko, January 27, 2025), indicating an impact on the broader market.

Technical indicators after the Nasdaq announcement are bullish signals for Bitcoin. Bitcoin’s Relative Strength Index (RSI) has moved from 68 to 72, indicating increased buying pressure (Source: TradingView, January 27, 2025). The Average Convergence Divergence (MACD) also showed a bullish crossover at 11:15 AM EST, supporting the bullish outlook (Source: TradingView, January 27, 2025). Trading volumes for Bitcoin/USD on Coinbase reached 1.5 million BTC by 12:00 PM EST, a 30% increase from the previous day’s average (Source: Cryptoquant, January 27, 2025). The 50-day moving average crossed above the 200-day moving average at 11:30 AM EST, a classic “Golden Cross” signal often associated with long-term uptrends (Source: TradingView, January 27, 2025) . On-chain metrics such as the network value to transaction (NVT) ratio fell 5% to 78, indicating that market value is more justified by transaction volumes (Source: Glassnode, January 27, 2025). These technical indicators and volume data confirm the possibility of continued upward movement in Bitcoin price following the Nasdaq proposal.

In the world of AI-related news, the announcement of a cost-effective AI model led to a significant drop in AI token prices. On January 27, 2025, tokens such as SingularityNet (AGIX) and FETCH.AI (FET) saw declines of 12% and 10% respectively, with AGIX falling to $0.85 and FET to $0.65 at 2:00 PM ET. United States (Source: CoinmarketCap, January 27, 2025). Trading volumes for these tokens rose 40% to 150 million AGIX and 120 million FET traded within the first two hours of the announcement (Source: Cryptoquant, January 27, 2025). The correlation between AI developments and key crypto assets was clear, with Bitcoin seeing a slight pullback from 1.5% to $51,600 at 2:30 PM EST, reflecting shifts in broader market sentiment (Source: CoinmarketCap, January 27, 2025). The impact of the Deepseek model on trading volumes has been significant, with proxy-related trading pairs such as AGIX/BTC and FET/ETH showing increased volatility and trading activity (Source: Binance, January 27, 2025). Market sentiment, as measured by AI’s Crypto Fear & Greed Index, fell from 55 to 45, indicating increased fear among AI token investors (Source: Alternative.Me, January 27, 2025). This development presents potential trading opportunities in AI/crypto crossovers, especially in short AI tokens or buying during long-term holdbacks (Source: TradingView, January 27, 2025). The impact of AI developments on crypto market sentiment is clear, as investors recalibrate their portfolios in response to new technological advances (Source: Bloomberg, January 27, 2025).