Daily News | Bitcoin Climbs Higher Amid Volatility, Bullish Flag Pattern Emerges According to Analysis

Daily Summary: Euro-pegged Stablecoin Issuance Accelerates, Bitcoin Forms Bullish Flag on Daily Chart

According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a combined net outflow of $35.2 million yesterday, marking the eighth consecutive day of net outflows. The Fidelity FBTC saw an outflow of $35.2 million, while BlackRock has not yet updated its data. Smaller outflows were recorded from other Bitcoin ETFs. Ethereum spot ETFs experienced a net outflow of $6 million, with Fidelity FETH losing $7.8 million and BlackRock’s ETHA funds yet to update their data.

Listed Companies Bought 95,431 Bitcoins in Q1 2025

According to Bitwise’s “Corporate Bitcoin Adoption Report Q1 2025,” publicly listed companies acquired a total of 95,431 Bitcoins during the first quarter of 2025, representing a quarterly increase of 16.11%. This purchase brought the listed companies’ total Bitcoin holdings to approximately 688,000 BTC, accounting for about 3.28% of the total 21 million Bitcoin supply. Additionally, the number of publicly listed companies holding Bitcoin reached 79, an increase of 17.91% from the previous period. Twelve new companies joined the ranks of corporate Bitcoin holders this quarter.

Circle’s EURC Stablecoin Issuance Hits All-Time High

The supply of Circle-issued euro stablecoin EURC hit a historic high. Demand for euro-denominated digital assets might be gaining traction as U.S. trade tensions escalate and the dollar weakens. According to data from RWA.xyz, EURC’s circulating supply has grown 43% over the past month, reaching 217 million tokens valued at approximately $246 million. Most EURC tokens circulate on the Ethereum network, where supply grew by 35% over the past month to 112 million tokens. The Solana network recorded the fastest EURC supply growth, surging 75% this past month, reaching 70 million tokens. Meanwhile, EURC supply on the Base chain stood at 30 million tokens.

Perspective: Bitcoin Forms Bullish Flag Pattern on Daily Chart

Crypto analyst Titan of Crypto maintains a bullish outlook on Bitcoin, forecasting it could rally sharply to reach a new all-time high near $137,000 in the period between July and August 2025.

The analyst notes a bullish flag formation on Bitcoin’s daily chart, suggesting prices may soon break higher. Nevertheless, for a longer-term bullish stance to solidify, Bitcoin must decisively move and sustain above its 200-day exponential moving average (EMA). If Bitcoin manages to reclaim and hold above key moving averages on higher timeframe charts, it will significantly strengthen the bullish sentiment and could prompt Bitcoin to retest the six-figure region.

Market Analysis: BTC Gradually Climbs, XRP Gains Over 20% in the Past Week

Market Highlights

KERNEL surged nearly 20% briefly, pulling back afterward. The asset’s new listings on major exchanges like Gate have reinforced its “restaking” narrative. Expansion of KernelDAO further increases its influence within multi-chain infrastructure.

XRP prices jumped over 20% over the past week. Analysts indicate XRP is currently within an ascending triangle pattern; despite minor daily dips, buyers continue outnumbering sellers, indicating strong buy-side pressure.

General Market Overview

BTC continues fluctuating around $85,000 levels after breaking earlier resistance, entering a bullish trajectory area on technical charts.

ETH maintains correlation with BTC, consolidating around the $1,600 psychological level; ETF flows indicate relatively weaker demand in the short term.

Altcoins recorded mixed performances; RWA sector remains bearish, whereas SocialFi continues to lead gains. The market lacks a dominant narrative driver currently.

Macro News: U.S. Stocks End Higher; Tariff Policies Remain a Key Market Focus

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average rising by over 300 points; Nasdaq up 107.03 points, or 0.64%; and the S&P 500 gaining 42.61 points, representing an increase of 0.79%.

Trump’s tariff policy remains at the center of market attention. The U.S. government announced last Friday that it would temporarily halt tariffs on certain consumer electronics, boosting market sentiment. Encouraged by tariff exemption-related news, Apple rose 2.2% and Dell climbed approximately 4%. However, President Trump clarified on the 13th that the government had not announced any tariff exemptions, but instead, some products were reassigned to another tariff classification. U.S. Commerce Secretary Howard Lutnick added during a Sunday interview that the tariff exemption on specific electronic products is only temporary and not permanent.