By Francisco Rodrigues (all time and unless indicated otherwise)
While Bitcoin (BTC) has been small in the past 24 hours, down just 0.7%, the wider market is in a bearish mood following the Libra token debacle, which led to accusations of fraud and called for the impeachment of Argentine President Javier Milei.
CoinDesk 20 index dropped around 2.3% on the previous day, and the near to medium-term market movement probably depends on how the US-Russia negotiations in Riyadh You go that the conversations are focused not only on the end of the conflict in Ukraine, but also the “normalization” of the relationship between the countries.
An additional layer of uncertainty comes from the FTX digital market, the subsidiary based on the Bahamas of FTX, which begins with the payment of creditors today. In total, the FTX payment program is around $ 16 billion.
The injection of liquidity will come in the form of stablecoins. First are the creditors with claims of under $ 50,000, which will receive nearly 119% of their adjudicated claim value, with a 9% annual interest accumulated since November 2022.
The impact of payment will have is unclear. While some analysts say that the amount paid today is “very small to move the needle,” others suggest that FTX’s historical interest in Solana ecosystem means that some of these funds are flowing toward it.
Investors recently turned their attention to Ether. Listed areas listed in the US offering exposure to the second largest largest cryptocurrency by market capitalization see A Cumulative Net Inflow of $ 393 million this month. Compared to a net flow of $ 376 million for Bitcoin ETF spots.
These flows are preceded by the PECTRA PECTRA of Ethereum that enters the Holesky Testnet test phase. PECTRA should bring a number of scalability and security improvements and allow users to pay for gas fees with tokens other than Ether.
Everywhere, individual investors are bearish amidst trade-war threats, reduced expected cuts of interest, and consistent Inflationary surprises. A survey from the American Association of Individual Investor found that bearishness in investors was in two high -year -olds, the Wall Street Journal Report.
This pessimism, however, is often an indicator of the contractor. The appetite of institutional investors has also dropped this month with the potential effects of a potential trade war in the midst of lowering the odds of a fed rate cut. Stay alert!
What to watch
- Crypto:
- Macro
- Feb. 18, 10:20 AM: San Francisco Fed President and CEO Mary C. Daly delivers a speech to Phoenix. LIVESTREAM LINK.
- Feb. 18, 1:00 PM: Michael S. Barr’s Fed, Vice Chair for Administration, provides a speech entitled “Artificial Intelligence in the Economy and Financial Stability” in New York. LIVESTREAM LINK.
- Feb. 19, 2:00 pm: The Fed releases minutes of the January 28-29 FOMC meeting.
- We are
- Feb. 18: Coinhares International (CS), Pre-market
- Feb. 18: Semler Scientific (Dump), Post-market
- Feb. 20: i -block (Xyz), post-market, $ 0.88
- Feb. 24: Riot platforms (Disturbance), post -market, $ -0.18
- Feb. 25: Bitdeer Technologies Group (Btdr), pre -market, $ -0.53
- Feb. 25: Cipher Mining (CIFR), pre -market, $ -0.09
- Feb. 26: Mara Holdings (Mara), post -market, $ -0.13
Events with the token
- Management
- Unlocks
- Feb. 21: Quick token (FTN) to unlock 4.66% of the switch -shifted supply worth $ 78.6 million.
- Feb. 28: Optimism (OP) to unlock 1.92% of the circulating -transfer supply worth $ 34.23 million.
- Launching a token
- Feb. 18: Etherna (ENA) listed in Arkham.
- Feb. 18: Ronin (Ron) is listed in Kucoin
Conferences:
CoinDesk’s agreed to take place Hong Kong in February. 18-20 And to Toronto on May 14-16. Use a codebook code and save 15% on passes.
Token talk
By Francisco Rodrigues
- Donald Trump’s supporters are scheduled to receive nearly $ 50 worth of official Trump tokens If they buy merchandise From websites associated with the US president.
- The token was released days before Trump was in office and lost more than 70% of their value ever since.
- Solana based on Jupiter’s decentralized exchange has Beginning to accumulate USDC using 50% of collected protocol fees to buy JUP tokens. Buybacks haven’t started yet.
- Jup’s price drops more than 12% in the last 24 hours in Protocol Bright involvement In debracle of libra cryptocurrency.
Derivatives positioning
- Sol’s price could continue to fall, seeing that the eternal futures of open interest rose 5% in the past 24 hours, accompanied by a negative combined -with the volume of the delta (CVD). This combination indicates the net selling pressure on the market.
- The CVD for most major tokens is negative, indicating a bearish sentiment.
- The BTC and ETH front-dated or short-term put continued to be more pricier than derivit calls. The emotion is bullish after the expiration of February.
- The blocks of the block feature an April expiry of the Bitcoin Bull puts a spread, involving the strikes of $ 85K and $ 100K and directly lasted with $ 94K and $ 90K strikes. The Ether Bull Call Spreads also crossed the tape.
Market Movements:
- BTC dropped 0.69% from 4 pm ET Monday to $ 95,802.76 (24hrs: -0.57%)
- ETH dropped 2.88% to $ 2,698.31 (24hrs: -1.89%)
- CoinDesk 20 drops 2.23% to 3,161.95 (24hrs: -3.03%)
- The ether CESR composite staking rate is up to 27 bps to 3.18%
- BTC funding rate is at 0.0078% (8.5541% annual) in Binance
- DXY reached 0.36% to 106.94
- Gold is up to 0.97% to $ 2,922.9/oz
- Silver is up to 0.70% to $ 32.99/oz
- Nikkei 225 closes 0.25% to 39,270.4
- Hang Seng +1.59% closed to 22,976.81
- FTSE reached 0.18% to 8,783.43
- Euro Stoxx 50 does not change to 5,520.7
- DJIA is closed Friday -0.37% to 44,546.08
- S&P 500 is closed unchanged at 6,114.63
- NASDAQ closed +0.41% to 20,026.77
- The S&P/TSX composite index is closed -0.84% to 25,483.2
- S&P 40 Latin America closed +2.12% to 2,490.30
- US 10-year Treasury Rate has climbed to 3 bps at 4.51%
- E-Mini S&P 500 futures are up to 0.1% to 6,151.5
- E-Mini Nasdaq-100 Futures reached 0.21% to 22,282
- E-Mini Dow Jones Industrial Average Index Futures dropped by 0.15% to 44,676
Bitcoin Stats:
- BTC Dominance: 61.17 (0.85%)
- Ethereum in Bitcoin Ratio: 0.02813 (-1.71%)
- Hashrate (seven-day average move): 790 eh/s
- HASHPRICE (spot): $ 53.47
- Total Fees: 6.93 BTC / $ 663,706
- CME Futures Open Interest: 174,200 BTC
- BTC is priced in gold: 32.8 oz
- BTC vs Gold Market Cap: 9.31%
Technical analysis
- The chart shows dominance in the USDT market of Tether, the largest pegged stablecoin dollar.
- Its dominance rate seems to be bouncing from the low March 2024, teasing a bullish double pattern.
- In other words, the USDT can be more dominant, which usually occurs throughout the market price correction.
Crypto equities
- Microstrategy (MSTR): Closed Friday at $ 337.73 (+3.94%), down 0.6% to $ 335.76 in the pre-market.
- Coinbase Global (coin): closed to $ 274.31 (-7.98%)
- Galaxy Digital Holdings (GLXY): Closed to C $ 27.65 (-2.54%)
- Mara Holdings (Mara): closed to $ 16.90 (-0.06%)
- Riot Platform (Riot): Closed to $ 12.27 (+0.33%)
- Core Scientific (Corz): closed to $ 12.51 (-0.24%)
- CleansPark (CLSK): closed to $ 10.50 (-1.59%)
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 23.40 (+0.52%)
- Semler Scientific (SMLR): closed to $ 49.67 (+0.44%)
- Exodo Movement (EXOD): Closed to $ 50.00 (unchanged)
ETF is flowing
The data below is like Feb. 14. US markets are closed in Feb. 17.
Spot btc etfs:
- Net -Net Flow -day: $ 70.6 million
- Cumulative Net Flow: $ 40.12 Billion
- Total handling of BTC ~ 1.180 million.
Spot etfs
- Sun -Sun Net Flow: $ 11.7 Million
- Cumulative Net Flow: $ 3.15 billion
- Total Eth Holdings ~ 3.791 million.
Source: Farside Investor
Overnight flowing
Chart of the day
- While Bitcoin remains no list below $ 100,000, Wall Street’s tech-heavy Nasdaq 100 has jumped closely to record highs.
- If BTC’s historic positive relationship with tech stock is any guide, the BTC can choose a strong bid.
While you are sleeping
In ether
