#USNonFarmPayrollReport $BTC Bitcoin (BTC) is trading around $88,059.61 USD, experiencing a slight decrease in the last 24 hours amid market volatility and mixed analyst predictions. The broader crypto market sentiment is in the "Extreme Fear" zone, indicating caution among investors. Key Insights
Market Sentiment and Outlook: The overall crypto market sentiment is at "Extreme Fear," a level often associated with potential market bottoms, though some analysts warn of further downside for Bitcoin towards the $70,000 to $75,000 range. Other analysts remain long-term bullish, with one forecasting a $143,000 price target based on ETF inflows.
Regulatory & Development News: VanEck has filed an application with the SEC for a spot Avalanche (AVAX) ETF that would include staking rewards. Ethereum developers are planning the "Glamsterdam" upgrade for 2026, focusing on efficiency and decentralization improvements.
Security & Scams: A crypto trader lost $50 million in an "address poisoning" phishing scam and is offering a $1 million bounty for the return of the funds. A Brooklyn man was also indicted for allegedly stealing $16 million from Coinbase users via a phishing scheme.
Institutional Activity: Swedish investment firm Hilbert Group acquired the high-frequency trading platform Enigma Nordic for $32 million to enhance its algorithmic trading capabilities. BlackRock's Bitcoin ETF has accumulated $25 billion in inflows this year despite the recent price slump.
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