Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

The cryptocurrency market in 2025 is focused on innovation and scalability, with Ethereum leading on decentralized applications through its Ethereum 2.0 upgrade. Solana offers high speed and low costs but faces challenges. Lightchain AI integrates AI with blockchain for scalability, attracting investment alongside its presale success. In January 2025, traders should watch Lightchain AI, Myria, and Celo as pro-crypto President Trump’s inauguration and regulatory updates from the Federal Reserve and SEC could significantly affect the market. Myria is recognized as an Ethereum Layer 2 solution for gaming and NFTs, while Celo is transitioning to enhance speed and security. The market will likely be shaped by these projects and political developments, offering strategic opportunities for high returns.

The article explores promising low-cap cryptocurrencies as potential investments for 2025, spotlighting some key projects with significant growth potential. It highlights five projects: XYZ, EigenLayer (EIGEN), Arweave (AR), Immutable (IMX), IOTA, Starknet, and Kaspa (KAS). These projects offer unique technological innovations and market strategies. XYZ, a new meme coin, is set to grow in the GameFi space. EigenLayer focuses on decentralized governance, Arweave offers permanent digital storage, and Immutable supports NFT and gaming infrastructure. IOTA uses the Tangle structure for IoT applications, allowing feeless transactions. Starknet provides zero-knowledge rollups for efficient transactions, and Kaspa’s GHOSTDAG protocol enhances blockchain scalability. Traders are advised to consider their diversified opportunities while being cautious of volatility and potential risks. Collectively, these projects represent emerging opportunities in the DeFi, blockchain technology, and Web3 sectors, promising high returns with further adoption.

Toncoin has experienced a 20% price increase over the past month, now trading over $6, propelled by whale accumulation and bullish market conditions. Analysts predict it could grow to $10, though currently it ranks 14th in market cap, requiring substantial gains to break into the top ten. Its collaboration with Telegram enhances its practical utility among a large user base. Concurrently, Rexas Finance (RXS) is making strides in real-world asset tokenization, showing strong presale momentum with expectations for an increase in value post-listing. RXS, currently priced at $0.09, aims to reach $5 after major exchange listings. Its focus on reducing transactional barriers attracts long-term investors. Both Toncoin and RXS present promising investment opportunities as the market evolves, with Toncoin offering enhanced utility through partnerships and RXS bridging traditional finance with blockchain through asset tokenization.

Recent IMF projections indicate a decrease in global inflation to 3.5% by the end of 2025, down from 9.4% in late 2022. This trend, along with the US inflation easing to 2.4% in September, may lead to lower interest rates, potentially benefiting cryptocurrencies like Bitcoin and Ether. However, uncertainties surrounding geopolitical tensions, especially in the Middle East, and potential US political changes pose risks. The IMF has called for a ’policy triple pivot’ addressing interest rates, government spending, and productivity reforms. Despite positive inflation forecasts, economic growth is expected to be sluggish. Nevertheless, emerging Asian economies might see accelerated growth due to AI investments. These mixed signals suggest a supportive yet cautious backdrop for crypto assets, with investor skepticism highlighted by concerns over high US debt levels.

Investors are becoming increasingly interested in Internet Computer (ICP) and Mpeppe (MPEPE), driven by their potential to capitalize on the surging AI and blockchain market. ICP, despite past fluctuations, has shown resilience with a recent increase of 6.18% to $9.057. The technical indicators are pointing towards a bullish future, with expectations that the price could exceed initial resistance levels. Mpeppe, with its unique position in the AI-driven gambling sector, complements ICP by offering innovative opportunities in decentralized gaming. These developments attract a growing investor base keen on leveraging AI trends in the crypto market. Both ICP and Mpeppe are seen as promising investments ready for substantial growth, offering distinct advantages in today’s fast-paced AI-driven environment.

The upcoming ’Hamster Kombat’ airdrop, scheduled for Thursday, has captured the attention of the cryptocurrency community as it provides participants an opportunity to receive free tokens. Previously outlined strategies suggest increasing engagement, understanding reward criteria, and maintaining active community participation to maximize the rewards before the cutoff date. The airdrop is a strategic move to enhance interest and adoption of the Hamster Kombat project, which should be on the radar for traders seeking new investment opportunities. This event can result in increased market activity and volatility, with traders likely participating in the airdrop or speculating on the token’s value once it is listed on exchanges.

Bitcoin’s spot trading volume on centralized exchanges (CEXs) has dropped to its lowest level since October 2020, according to new CryptoQuant data, signaling a significant shift in investor behavior. The decline in CEX volumes aligns with a pronounced ’HODL mode’, as traders show increased risk aversion and prefer holding Bitcoin rather than actively trading. The market recently experienced heightened volatility due to a public dispute between tech leaders and economic uncertainties, but despite a swift price recovery following a sharp dip, overall sentiment remains cautious. Bitcoin is currently consolidating near major resistance levels, just 6% below its record high of $112,000, after rebounding over 50% since the April lows. Technical indicators show bullish momentum with BTC reclaiming critical moving averages (34-day EMA at $103,683; 50-day SMA at $101,906; 100-day SMA at $93,053). However, the subdued spot volume indicates traders are waiting for a decisive move above $109,300 resistance before committing to new positions. Should Bitcoin break this level, further upside may follow; failure could result in continued price consolidation. Decentralized exchanges (DEXs) have gained market share, now capturing a record 25% of global spot volume, reflecting growing dissatisfaction with CEXs and improved user experience in decentralized trading. Traders are advised to closely monitor spot volume and key resistance zones as caution dominates the current landscape, with experienced users moving increasingly toward DEXs and cold storage.

Recent analyses reveal that XRP, Shiba Inu (SHIB), and Bitcoin (BTC) are exhibiting technical and on-chain signals indicating potential volatility in the cryptocurrency market. XRP has broken a descending trendline and is trading near $2.14, with support above $2.08-$2.10 critical for further upward momentum. However, a notable reduction in whale activity suggests possible sudden volatility, as previous declines in large transactions have often preceded sharp price moves. SHIB remains consolidated around $0.0000125, just above key support at $0.0000120. The Relative Strength Index (RSI) near 40 adds to the potential for upward movement. On-chain data show a surge in SHIB whale transactions, with over 24 trillion tokens transferred in a single day—its highest in six months—indicating active accumulation. A breakout above $0.0000134-$0.0000138 could trigger a rally toward $0.0000155 or higher. Bitcoin, trading around $105,500, faces major resistance near $108,000 and is currently just above the 50-day EMA. Low trading volume and middling RSI readings highlight market indecision. Should BTC fall below its 50-day EMA, a correction to the $98,000–$96,000 range, or even $91,700 if lower supports break, could follow. Traders are advised to monitor these critical support and resistance levels closely. In summary, while whale accumulation and technical setups in SHIB and XRP point to possible sharp moves, Bitcoin’s reaction to resistance levels will shape the broader market direction. Current market conditions call for heightened vigilance, as both technical and on-chain indicators suggest increased volatility ahead.

Solana blockchain has seen major moves in stablecoin activity, highlighted by a significant $250 million USDC mint on June 6, 2025, orchestrated by Circle. This follows a 15% decline in Solana’s overall stablecoin supply in May, mainly due to a $1.8 billion USDC outflow, despite strong ecosystem growth in DeFi and DEX trading. The fresh USDC mint injects substantial liquidity, potentially reversing recent supply contraction. Historical data shows that stablecoin mints over $100 million often trigger 15-20% price swings in related assets within 48 hours, suggesting possible renewed bullish momentum and heightened volatility for Solana’s native token, SOL. While institutional actors or whales likely drove the large issuance, increased liquidity could boost DeFi activity and meme coin trading. However, previous similar events on Solana have at times preceded short-term price corrections. USDC maintains dominance on Solana but faces growing competition from new entrants like PayPal’s PYUSD, Paxos’s USDG, and USX. Analysts caution against unsustainable stablecoin incentives and recommend DeFi protocols seek revenue-sharing models to capture stablecoin growth. Crypto traders should closely monitor Solana markets for potential price surges and increased volatility as the USDC inflow works through the ecosystem.

Bitcoin (BTC) remains above key support and continues to register record highs in 2025, even as altcoins like Ethereum (ETH) lag all-time highs. Analysts note a shift as Bitcoin’s market dominance weakens, with increasing capital rotation into altcoins. Exchange data shows Bitcoin reserves keep falling—indicating limited selling pressure—while ETH and XRP reserves are steady. Stablecoin reserves on major exchanges are at multi-year highs, signaling investors may be preparing to re-enter the market with new capital rather than exiting. The market value-to-realized value (MVRV) ratio for BTC sits around 2.2, below the historical peak of 3.7, which suggests there’s room for further upside. Trading desks highlight $105,000 as a crucial support; maintaining this level could maintain bullish momentum. While some caution the current crypto bull run may be entering its late phase, on-chain metrics and institutional interest continue to support confidence in both Bitcoin and select altcoins. Traders should track reserve flows and technical support levels closely as market sentiment indicates a late-stage bull market, but not yet a final top.

Dogecoin (DOGE) is underperforming amid a notable market shift, as whale investors reallocate capital from DOGE to emerging proof-of-stake (POS) blockchain tokens. Recent analysis shows DOGE’s price and trade volumes declining due to reduced utility and waning investor sentiment. In contrast, POS tokens are gaining traction for their scalability and staking rewards, drawing significant capital inflows and market attention. Technical indicators and whale activity suggest DOGE may see continued weakness compared to these rising alternatives. Crypto traders should monitor this trend, which may destabilize DOGE’s price in the short term while strengthening the position of select POS projects in the broader cryptocurrency market. Diversification into promising POS tokens could offer growth opportunities amid current blockchain trends.

Global adoption of digital assets surged in 2025, led by strong growth in the UK, where adult ownership rose from 18% to 24%, outpacing France, the US, and most other major markets. Singapore remained the world leader at 28%. According to Gemini’s "State of Crypto" report, this increase is driven notably by favorable policies under US President Donald Trump, including the creation of a US Strategic Bitcoin Reserve and crypto-friendly SEC appointments. These measures have boosted investor confidence, with 23% of US non-holders reporting increased interest in digital assets. Younger demographics—especially Millennials and Gen Z—continue to dominate adoption, with 52% of Millennials and 48% of Gen Z reporting current or previous ownership, both well above the 35% global average. Memecoins are serving as a key entry point for new investors, with 94% of memecoin holders also holding other cryptocurrencies. Regulatory progress is mixed: the EU’s MiCA regulations are in force, the UK is moving forward with draft frameworks supported by policymakers, and the US is advancing a pro-crypto agenda. The report highlights ETFs and memecoins as innovative products fueling mainstream acceptance, pointing to a robust, youth-driven expansion of the crypto user base and signaling a broadly bullish outlook for digital asset markets in 2025.

Bitcoin Pepe Mania, a new meme coin project, has rapidly captured the attention of crypto investors by raising nearly $12.5 million as its presale nears conclusion. Despite a bearish cryptocurrency market and significant losses among major coins like Bitcoin, Ether, Dogecoin, Solana, and Cardano, demand for the Bitcoin Pepe (BPEP) token remains high. This project aims to combine Bitcoin’s decentralized ethos with viral meme culture, offering a Bitcoin layer-2 network that promises Solana-like speed and low fees for developers and users. The presale token price is set at $0.0377, with exchange listings expected shortly after the funding closes. Notably, the development team remains anonymous, amplifying both hype and speculation. Analysts signal that narrative-driven meme tokens like Bitcoin Pepe can attract significant trading volume and potentially outperform other memecoins upon launch. Traders should anticipate high volatility and strong upside potential for BPEP after listing, reflecting an increasing risk appetite for high-reward meme coins amid ongoing market uncertainty.

Pi Network (PI) has experienced continued bearish momentum, with its price dropping over 50% from its May peak and recently stabilizing near $0.73 in a tightening triangle pattern. Significant exchange inflows—over 3 million PI to OKX and Bitget in 24 hours—and upcoming large token unlocks raise concerns about further selling pressure; technical support lies at $0.63 with possible downside to $0.40 if selling accelerates. Polkadot (DOT) is in a firm downtrend, losing 10% over the past week and dropping to $3.24. Unless bulls reclaim critical support, further declines below $4 are possible. Meanwhile, new project Unstaked has gathered momentum with over $7 million raised in its presale and a $1 million giveaway; its $UNSD token, priced at $0.0098, is drawing speculation on future AI utility, with long-term price targets set as high as $5 by analysts. The waning social engagement and weakening demand for PI and DOT contrast with the enthusiastic interest in emerging AI-driven projects like Unstaked. For traders, current conditions suggest caution for PI and DOT due to persistent bearish trends and potential volatility from supply inflows, while Unstaked presale participation offers speculative upside but with product risk until launch.

A prominent Bitcoin whale, holding over $500 million in BTC, has revealed his top 5 altcoin picks for a diversified $50 million crypto portfolio. The chosen tokens represent a mix of popular memecoins—like Dogecoin and Shiba Inu—and major Layer 1 projects, including Solana and Polkadot. Whale activity signals strong confidence in these altcoins’ potential for price appreciation, particularly highlighting the continuing appeal of memecoins to large investors. The move suggests a balanced strategy: aiming for speculative upside from trending tokens, while also maintaining exposure to established blockchain ecosystems with active developer communities. Increased whale activity and large transfer volumes in these altcoins may fuel further bullish sentiment and attract retail traders. The outcome for these tokens will hinge on sustained investor interest, adoption growth, network development, and the broader crypto market environment.

Argentina’s President Javier Milei has officially terminated the investigation into Facebook’s (Meta’s) Libra stablecoin project, marking an end to years of scrutiny over potential corruption and regulatory concerns tied to digital assets in the country. This move is in line with Milei’s agenda of deregulation and reducing state involvement in the financial sector. The closure of the Libra inquiry has triggered fresh debates about transparency and government commitment to combating fraud within the crypto sector, leading to heightened volatility for Argentine crypto assets and any Libra-linked tokens. Meanwhile, Colombia’s central bank has advanced its crypto strategy by bringing its central bank digital currency (CBDC) project out of stealth mode. The Colombian CBDC aims to enhance digital payment transparency, traceability, and financial inclusion, signaling growing regional interest in state-backed digital currencies. Both developments highlight the dynamic and evolving regulatory landscape for cryptocurrencies in Latin America, affecting stablecoin regulation, digital asset adoption, and cross-border transaction policies. These changes are especially relevant for crypto traders monitoring regional regulatory shifts and market responses.

Toncoin (TON), a Layer-1 cryptocurrency, has recently seen heightened attention thanks to significant positive developments and strong price action. The closure of major illicit Chinese-language markets on Telegram highlighted the platform’s effort to enforce compliance, boosting confidence in TON. Following this event, TON rebounded from key support levels, with technical analysis indicating a potential bullish reversal and a possible 19% short-term price surge if resistance levels are broken. Mid- to long-term forecasts for TON are optimistic, with price targets ranging from $12.95 to over $16 in 2025 and the potential to reach nearly $47 by 2030, supported by increased adoption and favorable market trends. Additional momentum comes from Pantera Capital’s investment, a recent $400 million fundraising round, and the appointment of MoonPay’s co-founder as the TON Foundation CEO, all of which aim to accelerate growth and expand the TON ecosystem within Telegram’s vast user base. However, TON is not yet listed on Binance, and mining ceased as of June 2022. While some sources provide more conservative outlooks, overall market sentiment for TON remains bullish, making it a closely watched asset among altcoin traders seeking both short-term gains and long-term growth opportunities.

SUI Blockchain is gaining momentum, with strong speculation that it could enter the top 10 altcoins by market capitalization due to its robust ecosystem, increased transaction volumes, and expanding partnerships. Unilabs and Bittensor (TAO) have also seen a significant uptick in market interest throughout May, reflecting a growing appetite for innovative and resilient altcoin projects among traders. Unilabs is advancing decentralized finance (DeFi) solutions with AI-powered funds, offering diversified exposure and passive income to investors through platform fee distribution. Meanwhile, Bittensor’s unique machine learning-powered blockchain is attracting substantial investor attention. Litecoin (LTC) remains in focus as the potential for a spot ETF approval by the SEC could spur further demand, despite recent delays that have pressured its price. Overall, the surge in demand for SUI, Unilabs, and Bittensor signals a wider rally in the altcoin market and shifting trader sentiment toward less volatile, resilient assets as the crypto market recovers. Crypto traders are closely monitoring these developments for new trading opportunities, with the evolving trends suggesting significant upside potential for select altcoins.

Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) has seen a recent twist: a judge blocked a proposed settlement between the two parties. Despite this, Ripple’s Chief Legal Officer reassured the crypto community that the ruling does not overturn Ripple’s prior legal victory, specifically the decision that XRP is not classified as a security in the U.S. The proposed settlement aimed to lift restrictions on Ripple’s institutional XRP sales and reduce penalties, but the judge deemed the motion procedurally improper, pressing both sides to provide stronger justification for any judgment modification. While the court’s latest move introduces further legal complexity, Ripple underscores that all core favorable judgments remain intact. The outcome of this high-profile case continues to closely influence crypto market regulation and the status of the XRP token. For traders, XRP’s regulatory clarity holds for now, though the legal process could spark short-term volatility depending on future developments.

China has condemned the newly signed UK–US trade agreement, asserting that it is structured to exclude Chinese products from British supply chains and provides tariff relief to the UK only if it complies with US-imposed security measures targeting China. The deal maintains a significant trade imbalance: while UK tariffs on US goods are reduced, US tariffs on UK imports remain high. UK businesses, especially in steel, pharmaceuticals, and automobiles, face continued pressure due to these tariff disparities. U.S. export sectors, particularly agriculture and technology, benefit from increased access to the UK market. In response, China has accelerated efforts to reduce foreign technology in its supply chains and has announced lower, retaliatory tariffs on certain US goods. Meanwhile, a temporary truce in the broader US–China trade conflict has led to reduced tariffs: US tariffs on Chinese imports are now 40% and could fall further with ongoing cooperation, while China’s tariffs on US goods, especially energy and agriculture, stand at 10%. China’s foreign ministry emphasised that international trade policy should not harm third parties, referring directly to its exclusion. This evolving trade landscape intensifies geopolitical tensions, threatens global supply chain security, and complicates market access, creating uncertainty for forex, equities, and crypto markets. Crypto traders should closely monitor policy shifts affecting global risk sentiment, capital flows, and volatility, as these factors may influence short- and long-term trading strategies.

Wall Street and institutional investors are increasingly diversifying into alternative cryptocurrencies beyond Bitcoin (BTC) and Ethereum (ETH) as the market heads into 2025. SEI, a new blockchain project, stands out for its rapid transaction speeds, low fees, and enhanced scalability, positioning itself as a strong contender in the competitive crypto landscape. Other notable projects include Mantra (OM), targeting compliant blockchain solutions for institutions, and Ethena (ENA) with an innovative banking-independent stablecoin and ’Internet Bond’. Polkadot (DOT) is highlighted for interoperability, while smaller tokens like XYZ show growth potential in niche sectors. Despite SEI’s technological advances and early achievements, dominant cryptocurrencies such as Bitcoin, Ethereum, and Solana (SOL) continue to command higher market capitalization and user adoption. Analysts caution that technological upgrades, regulatory shifts, and evolving investor sentiment will ultimately decide which cryptocurrency emerges as most popular in 2025. Crypto traders should monitor SEI’s trajectory as it competes with established and emerging protocols, recognizing that the competition for market leadership remains dynamic.

A prominent crypto whale recently accumulated 2.48 million VIRTUAL tokens at an average price of $1.72, using a total of $4.28 million in ETH and AERO. This move highlighted rising confidence in both VIRTUAL and AERO, performed through the Ethereum and Aerodrome platforms. Since the accumulation, VIRTUAL has outperformed AERO significantly: VIRTUAL surged 7.68% in one day and 37.87% in a week, now trading at $1.746 with a market cap of $1.13 billion. Meanwhile, AERO has seen modest gains—up 0.75% daily and 1.64% weekly—trading at $0.66 with a $533.7 million market cap. Technical analysis reveals VIRTUAL has broken above its descending trendline and confirmed a bullish MACD cross, indicating potential for further upward movement toward the $2.00 resistance. Conversely, while AERO’s MACD is also bullish, it failed to surpass the $0.70 resistance, making further gains dependent on a breakout. For traders, the disparity in momentum, supply structure, and volume has enabled VIRTUAL to lead despite whale support for both tokens. Ongoing monitoring of whale activity, key technical levels, and large wallet behavior in both tokens is advised to anticipate market shifts and spot trading opportunities.

In a notable week for cryptocurrency traders, zkSync successfully recovered funds lost in a recent security breach, strengthening market trust in its security protocols and boosting confidence in layer-2 solutions. At the same time, the U.S. Securities and Exchange Commission (SEC) postponed its decisions regarding the approval of Polkadot (DOT) and Hedera (HBAR) exchange-traded funds (ETFs), setting a new review deadline for June 11, 2025. The delay underscores persistent regulatory uncertainty for spot crypto ETFs beyond established assets like Bitcoin and Ethereum, reflecting the SEC’s cautious approach amid evolving crypto regulations. These developments highlight two key market trends: heightened scrutiny and importance of protocol security, and significant regulatory barriers for new cryptocurrency-backed investment products. Traders are advised to monitor both ongoing security upgrades and the SEC’s stance on ETF approvals, as both factors could influence the entry of institutional capital and overall market sentiment. The latest news signals resilience for zkSync, while the ongoing delays in ETF approvals maintain cautious optimism but spotlight the regulatory uncertainty surrounding altcoin-based ETFs such as DOT and HBAR.

Former U.S. President Donald Trump recently commented on various economic topics, including U.S.-China trade relations and Federal Reserve policies. Trump reassured that he has no intention of dismissing Fed Chairman Jerome Powell despite past criticisms about interest rate cuts. He signaled a possible reduction in 145% tariffs on select Chinese products such as fentanyl. Trump criticized the current administration for its handling of economic and border issues, asserting that his own policies significantly lowered prices on goods like eggs and oil. This change in stance suggests potential easing of trade tensions, which could stabilize market reactions. Crypto traders are advised to monitor these developments for their impact on market stability and trading strategies.

Experienced trader Peter Brandt has forecasted significant declines for the S&P 500 and major cryptocurrencies like Bitcoin and Ethereum by the end of 2025, while predicting a surge in gold prices. The S&P 500 may fall below 4,500 points, and Bitcoin could drop to around $50,000 as it loses bullish momentum. Ethereum is anticipated to decline to approximately $600. Brandt’s analysis suggests these downturns are driven by technical indicators and current support resistance levels. Meanwhile, gold is expected to perform well, potentially reaching $3,600. Traders should focus on these predictions to adjust their strategies amid volatile markets and market corrections.

The meme coin trend, with coins such as Pepe, is experiencing a downturn as investors start redirecting funds towards projects with tangible real-world applications. This strategic shift in capital is moving towards platforms like Remittix, which are focused on integrating cryptocurrencies into traditional financial systems by offering lower transaction costs and greater efficiency in cross-border payments. Such developments highlight a broader market trend towards digital assets with practical utility, aiming for sustained industry growth and adoption. These changes reflect an evolving investor preference for cryptocurrencies that offer value beyond mere speculation. As these new projects gain traction, they are likely to influence market dynamics, offering more stability compared to their speculative counterparts in the long run.

Leading cryptocurrency Ethereum (ETH) is projected to eventually reach $10,000, with strong institutional backing and upgrades reinforcing its growth in DeFi, NFT, and Web3 sectors. Crypto experts recommend holding ETH at least until it hits $5,600. Meanwhile, the ERC-20 tokens Polygon (MATIC) and DTX Exchange show promising growth due to their innovative advancements. Polygon has partnered with Reliance Jio to expand Web3 services, potentially driving further adoption. DTX Exchange is noted for its potential to revolutionize crypto trading through fast transactions, AI trade automation, and real-world asset integration. Both these altcoins offer speculative growth, positioning them as potential leading investments alongside Ethereum’s long-term hold.

Bitcoin traders are dealing with significant market volatility driven by recent economic data, rising Treasury yields, and rumors about a large Bitcoin liquidation by the DOJ, impacting market sentiment and trading strategies. The market faced increased turbulence with averted price drops below significant levels, though bearish sentiments linger due to concerns about future economic policies. Speculation around the DOJ possibly selling $6.5 billion in Bitcoin from Silk Road seizures has further fueled bearish trends. Amidst this, reduced trading volumes on certain days provided opportunities for strategic trading, allowing speculators to exploit liquidity zones and potential price mispricings. Traders are adopting a PvP mindset, focusing on news-driven volatility and less on fundamentals, using derivatives to leverage positions. While market manipulation is more challenging due to Bitcoin’s large market cap, sizable players can capitalize on current dynamics. The overall sentiment indicates continued volatility with opportunities for profit through strategic positioning in crypto derivatives.

Recent financial stimulus measures from China, the largest since 2008, have led to a rally in Chinese stocks and global risk assets, including Bitcoin. Initially, speculators shifted focus from Bitcoin to Chinese A-shares due to the economic stimulus and liquidity injection leading to high volatility in Chinese stocks. Despite this optimism, BCA Research analysts suggest that the current stimulus might not significantly boost ’credit impulses’ as in past cycles like 2015, due to a structural downtrend in credit impulses and the absence of a significant sector to absorb massive credit, such as the previous housing boom. Historically, credit impulse correlates with economic growth and Bitcoin’s bullish phases. However, to equate the 2015 cycle effects, credit impulse would need to hit 27 trillion yuan, far exceeding the sub-5 trillion yuan peak of recent measures. China’s potential to invigorate a risk-on environment for Bitcoin appears constrained, suggesting limited long-term bullish impact.