Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 6.37% compared with the previous day, opening at $86,222.46 and closing at $80,734.37. The highest price in 24 hours was $86,500.00 and the lowest price was $80,000.00. The current market value of Bitcoin is $1.61 trillion, accounting for 60.4% of the total market value of cryptocurrencies, up about 0.16% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 8.31% compared with the previous day, opening at $2203.57 and closing at $2020.41. The highest price in 24 hours was $2212.00 and the lowest price was $1989.66. The current market value of Ethereum is $256.3 billion, accounting for 9.2% of the total market value of cryptocurrencies, down about 2.12% from the previous day.
In the past 24 hours, 10 of the top 100 virtual currencies by market value rose and 90 fell. The top three currencies with the largest increases were IP (9.81%), LEO (0.70%), and XAUT (0.28%), and the top three currencies with the largest decreases were JASMY (14.45%), MKR (13.43%), and INJ (12.82%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $98.48 billion, with a total transaction volume of $21.07 billion in the previous week and a total outflow of $799 million in the trading week. The total assets under management of the US Ethereum spot ETF is $7.76 billion, with a total transaction volume of $2.17 billion in the previous week and a total outflow of $119 million in the trading week.
As of press time, the total assets under management of the Hong Kong Bitcoin Spot ETF is $375 million, the total trading volume in the previous week was $36.38 million, and the total Bitcoin outflow in the trading week was 0.94 BTC. The total assets under management of the Hong Kong Ethereum Spot ETF is $43.14 million, the total trading volume in the previous week was $4.46 million, and the total Ethereum inflow in the trading week was 0.02 ETH.
In the past 24 hours, there were 2 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of about 172 million US dollars, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 12 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of about 404 million US dollars, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 670,000, and the current number of active addresses on Ethereum is about 730,000, up about 6.70% from the previous day. The top 100 Bitcoin addresses account for 15.04% of the total, up 0.06% from the previous day, indicating an institutional increase. The top 100 Ethereum addresses account for about 70.15% of the total, up 0% from the previous day, showing no institutional increase.
Bitmain announced that its latest Bitcoin mining chip, SEAL03, has completed successful testing after sealing. In cooperation with TSMC, it has excellent energy efficiency at low voltage and achieved the technical route goals.
Singapore Web3 platform Galaxis announced that it has received a $5 million investment commitment from Bolts Capital to accelerate the expansion of its decentralized science program and smart certificate solutions. ChainCatcher reported that Galaxis completed a $10 million financing in May 2024. In addition, Axios reported that Apex Fintech is considering acquiring Bakkt.
The Utah Senate passed HB230 on 19-7-3, but the clause that allowed the state treasury to invest in Bitcoin was deleted. The current version only protects residents' basic encryption rights. Previously, South Korea discussed including Bitcoin in its national reserves, and Texas also passed relevant bills to allow investment in digital assets.
