ChainCatcher Selection

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole's technical analysis shows that Bitcoin's price has broken through $87,000, indicating strong upward momentum, with a target range of $90,000 to $92,000.Previously, Bitcoin consolidated between $83,000 and $86,000 for a week before a bullish breakout occurred. The current trend suggests that Bitcoin's recovery momentum from the April 7 low of below $75,000 is still ongoing. If the Bitcoin price falls back below $85,000, this optimistic outlook may be negated.Analysis indicates that Bitcoin has surpassed the 30-day Exponential Moving Average (EMA), showing bullish momentum, while the 200-day Simple Moving Average (SMA) is at $88,245.

ChainCatcher message, according to SoSoValue data, the net inflow of Bitcoin spot ETFs for the last trading week (Eastern Time from April 14 to April 17) was $15.85 million.The Bitcoin spot ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $186 million, bringing the total historical net inflow of IBIT to $39.75 billion.The Bitcoin spot ETF with the highest net outflow last week was Fidelity's Bitcoin ETF FBTC, with a weekly net outflow of $123 million, bringing the total historical net inflow of FBTC to $11.28 billion. Following that was Ark Invest and 21Shares' Bitcoin ETF ARKB, with a weekly net outflow of $99.83 million, bringing the total historical net inflow of ARKB to $2.48 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs was $94.51 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 5.59%, and the historical cumulative net outflow has reached $35.37 billion.

ChainCatcher message, according to SoSoValue data, last week (Eastern Time April 14 to April 17) saw a net outflow of $32.17 million for Ethereum spot ETFs.The Ethereum spot ETF with the highest net inflow last week was Grayscale ETF ETH, with a weekly net inflow of $2.24 million, bringing the total historical net inflow for ETH to $570 million.The Ethereum spot ETF with the highest net outflow last week was Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of $18.77 million, bringing the total historical net outflow for ETHE to $4.24 billion. Following that was Fidelity Ethereum ETF FETH, with a weekly net outflow of $11.39 million, and the total historical net inflow for FETH is $1.36 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $5.27 billion, with an ETF net asset ratio (market cap as a percentage of total Ethereum market cap) of 2.76%, and the historical cumulative net inflow has reached $2.24 billion.

ChainCatcher message, according to SoSoValue data, the encrypted market is experiencing a general rise, with the AI sector leading for two consecutive days, up 6.29% in 24 hours. Within the sector, Render (RENDER), Fetch.ai (FET), and Bittensor (TAO) increased by 4.29%, 7.30%, and 12.74% respectively. Additionally, Bitcoin (BTC) rose 2.36% in 24 hours, breaking through $87,000, while Ethereum (ETH) increased by 0.91%, returning above $1,600.Notably, MAG7.ssi rose by 1.67%, DEFI.ssi rose by 3.37%, and MEME.ssi rose by 1.09%.In other sectors, the DeFi sector rose 2.42% in 24 hours, with Chainlink (LINK) increasing by 5.34%; the Layer2 sector rose by 1.97%, with Stacks (STX) increasing by 13.80%; the Meme sector rose by 1.51%, with Fartcoin (FARTCOIN) increasing by 8.52%; the PayFi sector rose by 1.37%, with Litecoin (LTC) increasing by 4.45%; the CeFi sector rose by 1.03%, and the Layer1 sector rose by 0.84%.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiNFT, and ssiDePIN indices rose by 6.90%, 2.86%, and 2.55% respectively.

ChainCatcher message, according to Trader T's monitoring, the US dollar index has fallen below 99, currently at 98.6, the lowest level since the Federal Reserve implemented its first interest rate hike since 2018 in March 2022. It has dropped 9% so far this year, which means that any asset with a gain of less than 10% is effectively depreciating in terms of dollar purchasing power.