
PANews|Jun 04, 2025 06:32
HashKey transaction time 6.4US stocks all close higher, Ethereum continues to fluctuate for 25 days, may replicate mid-2021 market trend
Keywords: US stock market ETH、BTC
US stocks closed higher across the board on Tuesday, with tech stocks performing particularly well. Hong Kong's stablecoin concept stocks continue to explode, with Lianyirong Technology rising 16%, China Everbright Holdings rising over 14%, and Lianlian Digital rising over 5%.
The Bitcoin market is experiencing intensified volatility, with short-term fluctuations showing a rising trend. In terms of political environment, both Poland and South Korea have elected presidents who support cryptocurrency - Karol Nawrocki and Lee Jae myung. Although the market news is mostly positive, the price of Bitcoin has not seen a significant increase.
Ethereum's performance is relatively stable, fluctuating around $2600 for 25 days. The US Ethereum ETF has increased its holdings for 12 consecutive days, with BlackRock holding approximately $4 billion in ETH through the ETF.
The altcoin market has stagnated, and the continuous unlocking of tokens and lack of new narratives have become development constraints. Solana token has performed poorly recently, fluctuating around $150. http://Pump.fun We plan to raise $1 billion through token sales, with a valuation of $4 billion.
BTC Medium to Long Term Trend Channel: Along the Upper Line (106908.13 USD), Along the Lower Line (104791.13 USD)
ETH Medium to Long Term Trend Channel: Along the Upper Line ($2588.05), Along the Lower Line ($2536.80)
By @HashKeyGroup & @PANewsCN
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