Gate Research Daily Report: On April 23, BTC rose 5.38% to $92,877.5, and ETH surged 13.19% to $1,783.45, driven by multiple positive factors including the easing of US-China trade tensions and changes in SEC leadership. However, sluggish inflows into Ethereum spot ETFs and continued pressure on locked token holders highlight structural divergences in the market. Meanwhile, there have been notable developments in the on-chain ecosystem and regulatory landscape: Hyperliquid introduced a new validator mechanism, and JD.com’s stablecoin entered Hong Kong’s regulatory sandbox—signaling progress in infrastructure development and compliance efforts.

• Market Analysis: Bitcoin surged 5.28% to $92,877, while Ethereum fell sharply by 13.19% to $1,783.45.
• Top Performers: The top performing altcoins in the past 24 hours were ZEREBRO, DEEP, and TURBO, posting gains of 136.89%, 108.88%, and 49.95%, respectively.
• Data Highlights: Inflows into Ethereum spot ETFs remain sluggish, while Polygon NFTs have surpassed Ethereum in 7-day sales volume.
• Spotlight Analysis: Hyperliquid has updated its mainnet validator mechanism. Meanwhile, JD.com’s stablecoin has entered the regulatory sandbox testing phase in Hong Kong.
• Market Opportunities: Bitdeer specializes in Bitcoin mining services, including miner hosting, proprietary mining, and cloud hashrate solutions. The company has secured $179 million through loans and equity funding to expand its data center infrastructure.

Explore today’s details → Gate Research: China-U.S. Tariff Tensions Ease, BTC Breaks $90K

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Gate.io Team
April 23, 2025

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