From NASDAQ:

Major cryptocurrencies showed mixed trading on Thursday night, with Bitcoin at +0.26% and $40,118, Ethereum at +0.86% and $2,234, and Dogecoin at -0.32% and $0.078. Spot Bitcoin ETFs experienced a combined negative flow of $158 million, with BlackRock’s IBIT and Fidelity’s FBTC failing to keep pace with Grayscale’s GBTC. The Nasdaq Composite saw an increase of 0.18% to 15,510.50; the S&P 500 index extended its all-time closing high record to 4,894.16, and the US GDP growth rate of 3.3% topped economists’ estimate of 2%.

Top gainers in the cryptocurrency market included Pyth Network at +13.04%, IOTA at +11.89%, and Chiliz at +8.14%. The global cryptocurrency market cap now stands at $1.56 trillion, showing a 0.48% increase in the past 24 hours.

Cryptocurrency analyst Michael Van de Poppe notes that while there’s been some short-term selling pressure, a massive amount of new money might flow into the markets from new participants, resulting in Bitcoin pushing higher this cycle. Another analyst, Ali Martinez, suggests that if Bitcoin mirrors past bull runs, the current uptrend could persist for over a year and a half, projecting the next market peak to land around October 2025.

The recently launched Bitcoin ETFs have shown combined negative flows for the first time, with a total outflow of $158 million. Bitcoin, Ethereum, and Dogecoin showed mixed trading, with top gainers in the cryptocurrency market, including Pyth Network, IOTA, and Chiliz. Nasdaq and S&P 500 also saw gains, and the US GDP growth rate for the fourth quarter exceeded economists’ estimates. Analysts predict potential upward momentum for Bitcoin as new money flows into the market from new participants.



Read more: Bitcoin, Ethereum, Dogecoin Trade Mixed As Spot ETF Flows Turn Negative For First Time Since Launch: Analyst Predicts Over 600 Days Of Bullish Momentum In Store For King Crypto