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Weekly Web3 Research | Market Saw an Upward Trend; HK BTC ETF Showed Net Redemption for 3 Consecutive Days; Circulation of USDT on TON chain reached $200M

Weekly Web3 Research | Market Saw an Upward Trend; HK BTC ETF Showed Net Redemption for 3 Consecutive Days; Circulation of USDT on TON chain reached $200MThe crypto market is experiencing a weekly surge in prices. The Hong Kong BTC ETF has shown net redemption for three consecutive days. The US recorded an annual PPI rate of 2.2% in April.

Gate.io Researcher：Charles T.2024-05-17

Daily News | BTC consolidated at a high level above $70K; JPMorgan Chase stated a "downturn" in crypto venture capital poses a downside risk; Bouncebit to launch BTC-staked stablecoins

Daily News | BTC consolidated at a high level above $70K; JPMorgan Chase stated a "downturn" in crypto venture capital poses a downside risk; Bouncebit to launch BTC-staked stablecoinsUS March PPI data rose, but key points eased. The US stock market surged, with tech giants Nvidia and Apple surging 4%. Gold continues to reach a new historical high.

Gate.io Researcher：Sherry S. & Icing.2024-04-12

Bitcoin’s Ascent to $27,000 and the Effect on PPI Inflation

Bitcoin’s Ascent to $27,000 and the Effect on PPI InflationBitcoin May Maintain an Upward Price Traction till October 2025

Gate.io Researcher：Mashell C.2023-09-27

Daily News | Ready, Set, Inflation Watch, Meanwhile BTC and ETH Surge as AVAX Takes Flight with AWS Partnership

Daily News | Ready, Set, Inflation Watch, Meanwhile BTC and ETH Surge as AVAX Takes Flight with AWS PartnershipExciting ride ahead as investors are eyeing a potential softening of US inflation and eagerly awaiting Chinese CPI and PPI data. The crypto market is seeing an upward trend with total market cap rising 2.67% to $838.39B and BTC, ETH, Avalanche _AVAX_, Ripple _XRP_, and Cosmos _ATOM_ leading the charge.

Gate.io Researcher: Peter L.2023-01-12

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Daily News | High Producer Prices Dragged Down US Equities, Crypto Followed, All Eyes Are Now On Consumer Prices

Daily News | High Producer Prices Dragged Down US Equities, Crypto Followed, All Eyes Are Now On Consumer PricesFriday’s PPI data sparked a late-day decline in US equity indices, which dragged down the crypto markets as correlations remained high since being lifted from the negative zone a week ago. This week, traders await CPI Tuesday, Fed Fund Rate Hikes Wednesday, and ECB and UK interest rate hikes Thursday.

Gate.io Researcher: Peter L.2022-12-12

Daily News | Bets Are In As PPI, CPI, And FOMC Incoming, Equity Indices Correlations With BTC Returned to Positive

Daily News | Bets Are In As PPI, CPI, And FOMC Incoming, Equity Indices Correlations With BTC Returned to PositiveCrypto markets rose Thursday following a sudden recoup of losses in US equity markets. Bitcoin and Ether’s correlation coefficients with global equity indices returned to positive. Traders are now awaiting key inflation figures, such as the PPI today and CPI next Tuesday, before the Feds interest rate decision on Wednesday.

Gate.io Researcher: Peter L.2022-12-09