The market share of BlackRock’s Bitcoin exchange-traded fund has grown to over 50%, even as Bitcoin ETF issuers experience a broader sell-off. BlackRock, the world’s largest asset manager, now holds over $56.8 billion worth of Bitcoin, accounting for 50.4% of the holdings of all US ETF issuers.
The U.S. dollar advanced against major currencies, with losses led by the euro, garnering safe-haven bids amid tariff concerns and peace negotiations on the Russia-Ukraine conflict that are fraught with tension and miscommunication.
The last session saw the Euro fall 0.4% against the Dollar. According to the CCI, we are in an overbought market.
Support: 1.0414 | Resistance: 1.0506
Ether reserves across centralized exchanges hit an almost nine-year low, reinforcing investor optimism for a potential market bottom that may start a recovery toward the $3,000 psychological mark.
Gold prices rose over 1% as concerns over economic growth due to uncertainty surrounding U.S. President Donald Trump’s tariff plans prompted safe-haven flows into bullion. The market’s focus has now shifted to the U.S. Federal Reserve’s January meeting minutes for clues into the central bank’s interest rate trajectory.
The Gold-Dollar pair skyrocketed 1.0% in the last session. The Ultimate
Support: 2863.9 | Resistance: 2988.7
Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing. Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line.
European shares rose to record levels, led by defence stocks, as the region’s political leaders called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security.
