Bitcoin’s Market Cap Leaves Amazon Behind
Bitcoin’s market capitalization has reached $2.04 trillion, surpassing Amazon and placing it fifth among the most valuable assets worldwide. This milestone underscores Bitcoin’s growth in terms of both investor confidence and institutional adoption, positioning it as a mainstream global financial asset, no longer just an “alternative asset”.
ECB Governing Council: US Tariffs Weaken Growth
ECB Executive Board Member Gediminas Simkus said that the US tariffs have not yet had their full impact on the Eurozone, but there is a risk that economic growth could slow down amid unfavorable geopolitical developments. With inflation expected to continue to fall, the ECB should cut interest rates further, he said.
Fed’s Barr: Tariffs Could Strain Economy, Inflation Hike Expected
Fed Vice Chairman Michael Barr said Trump’s trade policies could increase inflation, slow growth and raise unemployment in the second half of 2024. Barr emphasized that the current tariff increases are “unprecedented” and that this could leave policymakers facing difficult decisions.
Fed Governor Kugler: Monetary Policy Moderately Tight, Economy Resilient
Fed Board Member Adriana Kugler described the current monetary policy stance as “moderately tight” and said that the first quarter GDP data showed that the US economy is still resilient.
Deribit’s Bitcoin Options Market Reflects Institutional Investor Confidence
According to CoinDesk, large investors on the Deribit exchange have shown strong interest in bullish Bitcoin options. In particular, calendar spreads, where call options with strike prices of $110,000, $140,000 and $170,000 were bought, indicate that traders believe BTC could reach $140,000 by the end of the year.
Avalanche Breaks All-Time Record for Number of Active Addresses
The Avalanche network set an all-time record of 746,000 active addresses on May 8. While 763,000 transactions were made on C-Chain in just one day, it was reported that NFT trading on the OpenSea platform and the MapleStory Universe game were effective in this mobility.
Brazilian Exchange B3 to Launch Ethereum and Solana Futures on June 16
Brazil’s largest exchange, B3, will launch Ethereum and Solana futures contracts on June 16, Bitcoin.com reported. These products, approved by the Brazilian Securities and Exchange Commission (CVM), aim to offer institutional investors greater ease of access and consolidate the country’s leadership in crypto derivatives.
by Darkex Research – 1 min read
Disclaimer
The Daily News published on Darkex are for informational purposes only and do not constitute financial or investment advice. All investment decisions and associated risks are solely the responsibility of the investor.
Click for Market Pulse news articles prepared by the Darkex Research Team.
