Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 0.74% compared with the previous day, opening at $90,606.00 and closing at $89,931.89. The highest price in 24 hours was $92,810.64 and the lowest price was $87,836.00. The current market value of Bitcoin is $12.50 trillion, accounting for 60.4% of the total market value of cryptocurrencies, down about 3.77% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 1.76% compared with the previous day, opening at $2241.59 and closing at $2202.2. The highest price in 24 hours was $2319.99 and the lowest price was $2176.90. The current market value of Ethereum is $1.89 trillion, accounting for 9.1% of the total market value of cryptocurrencies, down about 3.57% from the previous day.
In the past 24 hours, 86 of the top 100 virtual currencies by market value rose and 14 fell. The top three currencies with the largest increases were ONDO (23.43%), CRO (20.59%), and MOVE (19.12%). The top three currencies with the largest decreases were IP (7.96%), OM (2.25%), and QNT (0.86%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $100.6 billion, with a total transaction volume of $3.29 billion on the previous day and a total outflow of $134 million on the trading day. The total assets under management of the US Ethereum spot ETF is $7.92 billion, with a total transaction volume of $310 million on the previous day and a total outflow of $35.89 million on the trading day.
As of press time, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$389 million, the total transaction volume on the previous day was US$7.48 million, and the total Bitcoin inflow on the trading day was 4.97 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$45.23 million, the total transaction volume on the previous day was US$493,400, and the total Ethereum inflow on the trading day was 0 ETH.
In the past 24 hours, there were 24 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$2.843 billion, an increase of approximately 91.57% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 27 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$1.237 billion, an increase of approximately 34.60% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 820,000, up about 9.33% from the previous day, and the current number of active addresses on Ethereum is about 810,000, up about 2.15% from the previous day. The top 100 Bitcoin addresses account for 15.02% of the holdings, up 0.13% from the previous day, indicating a trend of institutional holdings. The top 100 Ethereum addresses account for about 70.14% of the holdings, up 0.05% from the previous day, indicating a trend of institutional holdings.
Japan plans to list cryptocurrencies as a new asset class for regulation, while the US government has established a strategic Bitcoin reserve (about 200,000 BTC) and a digital asset reserve through an executive order. The former consists of confiscated assets and is not for sale, while the latter covers multiple currencies. Texas has passed SB 21 to promote strategic Bitcoin reserves and create a digital economy center.
Brazil's Melius starts buying Bitcoin and allocates part of its cash reserves to it. OpenAI and Oracle deploy Nvidia AI chips for the "Stargate" project. Crypto broker August completes financing and expands its business. YZi Labs invests in Tensorplex Labs to develop decentralized AI. Meanwhile, Bitwise Asset Management completes its first institutional-level DeFi investment through Maple.
Coinbase integrates Pyth Lazer ultra-low latency oracle to achieve millisecond-level market data updates, improve transaction response efficiency and reduce costs. The Libre platform launched tokenized products of institutional funds such as BlackRock and Nomura Securities on the Injective chain to expand the DeFi compliant asset pool. Ethereum deactivated the Mekong test network because the Pectra upgrade has been activated for testing in Sepolia/Holesky. Polkadot 2.0 asynchronous support and Agile Coretime are online, and elastic expansion is expected to be fully delivered in Q2 2025 to enhance the scalability of the blockchain ecosystem.
