The price of bitcoin (BTC) continues to increase as inflation sees

By James Van Straten (all the time and unless otherwise indicated)

Bitcoin (BTC) continues to climb the wall of concern, pushing above $ 97,000 despite the warmer-than-expect US Consumer and Manufacturer’s price Inflation reports over the past few days. That’s a surprise. With increasing prices and the possibility of a Fed rate cut cut, you want to expect dangerous investments such as cryptocurrencies to -Pause, somehow.

The pleasant behavior is possibly supported by the signs that inflation is still seen as avoiding the coming months.

“Bitcoin can get a little relief at the short -term judgment of the high frequency of US inflation indicator by truflation suggesting a significant decline in headline inflation in the coming months,” said Andre Draamotch, the leader of the European Research in Bitwise. The TRUFLATION US INFLATION INDEX Currently showing 2.06%, indicating a potential decline.

Drogosch also noted that the careful stance of the Federal Reserve, suggesting the central bank was very aware of what happened in the 1970s, if three waves of inflation hit peaks of 6.2%, 12%and 15%.

“The Fed is afraid of the inflation scenario of the 1970s, which is why it rather takes a more careful approach at the moment and is afraid to cure aggressive rates,” he said.

All the mean of the Bitcoin Bull market is far from over If historical trends are holding. See 200-week moving average (a period of nearly four years!). That is currently around $ 44,200, below the past market peak $ 69,000 from November 2021. Previously, the average rose towards the previous note, a step indicating additional price growth was on the cards.

Also consider that those who hold short-term Accumulated 1.5 million bitcoin Since September, the display of ongoing demand from investors has the potential to keep their BTC less than 155 days.

In front of the public company, Coinbase followed Robinhood with strong income and Gamestop thinks An investment in Bitcoin, another potential catalyst for the market. Stay alert!

What to watch

• Crypto:
• Macro
  • Feb. 14, 8:30 AM: The US Census Bureau released January sales retail data.
    • RETAIL SALES MOM EST. -0.1% compared to prev. 0.4%
    • Retail sales yoy prev. 3.9%
  • Feb. 18, 10:20 AM: San Francisco Fed President and CEO Mary C. Daly delivers a speech at a conference for community banks in Phoenix. 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. 26: Mara Holdings (Mara), $ -0.13

Events with the token

• Votes and Management Calls
• Unlocks
  • Feb. 14: Starknet (Strk) to unlock 2.48% of the circulating -shifted supply worth $ 15.19 million.
  • Feb. 15: SEI (SEI) to unlock 1.25% of the circulating -transfer supply worth $ 13.46 million.
  • Feb. 16: Arbitrum (ARB) to unlock 2.13% of the shifting -transfer supply worth $ 46.2 million.
  • Feb. 16: Avalanche (AVAX) to unlock 0.4% of the circulating -shifted supply worth $ 43.55 million.
  • Feb. 21: Quick token (FTN) to unlock 4.66% of the switch -shifted supply worth $ 78.8 million.
  • Feb. 28: Optimism (OP) to unlock 2.32% of the circulating -transfer supply worth $ 36.67 million.
• Launching a token
  • Feb. 14: Pudgy Penguins (Perseu) to be Listed to CoinbaseAccording to a post shared by the Pudgy Penguins account.

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

Binance founder and former CEO Changpeng Zhao is the talk of the town. After revealing he had a pet and bombed requests for information, Later he gave upThe memecoins’ knowledge will be launched.

Zhao shared a picture of himself with Belgian Maliois named Broccoli in a lengthy post that inspired a killed Memecoins. These tokens, which traded under the Broccoli ticker, deemed both BNB and Solana chains.

Some have seen significant price increases after their introduction to reach the billion dollar-plus market caps while traders are in a hurry. As the hype fades, so do the prices. Fates were made and sold in broccoli.

A businessman, for example, spends less than $ 1,000 to Create a token Inspired by the dog and began to sell the tokens two minutes later. The businessman was able to make $ 6.5 million in launch, as CoinDesk’s Danny Nelson reports.

Volatility affects the price of the BNB itself, now 6.6% less than the last 24 hours while Bitcoin and Ether are the same. The pancakeswap cake token, which over 70% during the week, dropped 18% at the same time.

Everywhere, Trump supported by the Defi Protocol WLFI continues to accumulate tokens, buy nearly $ 5 million worth of Bitcoin (WBTC) wrapped (WBTC) and $ 1.4 million of movement (move).

Derivatives positioning

• The ongoing XRP funding rates remain slightly negative, indicating a bias for shorts despite a 10% price climbing. If prices continue to rise, these shorts can be thrown into the towel, squaring off their bets and adding to an upward transition to prices.
• LTC, XLM and DOGE have seen a net purchase of pressure on eternal futures, according to the open-adjusted aggregate volume of delta monitored by velo data.
• The basis of BTC CME futures remains under the basis of ETH.
• The block flows into the deribit that is featured directly with out -of -money calls and spreading a bull call. In ETH, a $ 3,300 strike option was filed in the March expiration, according to Amberdata.

Market Movements:

• BTC reached 0.57% from 4 pm et Thursday to $ 97,093.36 (24hrs: +0.96%)
• ETH reached 1.39% to $ 2706.09 (24hrs: +1.13%)
• CoinDesk 20 climbed to 3.70% to 3,324.03 (24hrs: +3.85%)
• The ether CESR composite staking rate is up to 1 bps to 3.06%
• BTC funding rate is at 0.0035% (3.8632% annual) in Binance

• DXY dropped 0.32% to 106.97
• Gold reached 1.17% to $ 2,960/oz
• Silver is up to 4.32% to $ 34.06/oz
• Nikkei 225 closed -0.79% to 39,149.43
• Hang Seng +3.69% closed to 22,620.33
• FTSE drops 0.26% to 8,741.88
• Euro Stoxx 50 does not change to 5,501.78
• DJIA closed Thursday +0.77% to 44,711.43
• S&P 500 closed +1.04% to 6,115.07
• NASDAQ closed +1.5% in 19,945.64
• The S&P/TSX composite index is closed +0.53% to 25,698.5
• S&P 40 Latin America closed +0.69% to 2,438.53
• US 10-year Treasury Rate dropped 7 bps to 4.53%
• E-Mini S&P 500 futures dropped by 0.1% to 6,129.25
• E-Mini Nasdaq-100 Futures does not change to 22,107
• E-Mini Dow Jones Industrial Average Index Futures dropped to 44,686

Bitcoin Stats:

• BTC Dominance: 60.58 (-0.63%)
• Ethereum in Bitcoin Ratio: 0.02783 (0.47%)
• Hashrate (seven-day average move): 818 eh/s
• HASHPRICE (spot): $ 54.1
• Total Fees: 5.67 BTC / $ 546,770
• Open interest of CME Futures: 167,750
• BTC is priced in gold: 33.0 oz
• BTC vs Gold Market Cap: 9.37%

Technical analysis

• The XRP has booked from the support of the Ichimoku cloud, maintaining a broader view of bullish.
• Prices seem to be heading to downfall, which, if leading, is likely to produce a move to record highs.
• A potential move under the cloud will signal a change of bearish trend.

Crypto equities

• Microstrategy (MSTR): Closed on Thursday for $ 324.92 (-0.58%), up to 0.6% to $ 327.03 in the pre-market.
• Coinbase Global (coin): closed to $ 298.11 (8.44%), down 1% to $ 295.12.
• Galaxy Digital Holdings (GLXY): Closed to C $ 28.37 (+5.58%)
• Mara Holdings (Mara): closed at $ 16.91 (+4.13%), up to 0.65% at $ 17.02
• Riot platform (Riot): closed at $ 12.23 (+9.59%), up to 0.1% to $ 12.24.
• Core Scientific (Corz): closed at $ 12.54 (+3.72%), down 0.32% to $ 12.50.
• CleansPark (CLSK): closed at $ 10.67 (+1.43%), up to 0.66% to $ 10.74.
• Coinshares Valkyrie Bitcoin Miners ETF (WGMI): closed to $ 23.28 (+2.42%), down 1.12% to $ 23.02.
• Semler Scientific (SMLR): closed at $ 49.45 (+3.69%), up to 1.86% to $ 50.37.
• Exodus Movement (Exod): closed at $ 50.00 (+2.35%), down 3.34% to $ 48.33.

ETF is flowing

Spot btc etfs:

• Net -Net Flow: -$ 156.8 million
• Cumulative Net Flow: $ 40.05 Billion
• Total handling of BTC ~ 1.171 million.

Spot etfs

• Net -Net Flow -day: $ 12.8 million
• Cumulative Net Flow: $ 3.14 Billion
• Total Eth Holdings ~ 3.777 million.

Source: Farside Investor

Overnight flowing

Chart of the day

• The chart shows produce in the US 10-year and two-year Treasury records.
• The 10-year yield denied 27 points basis in four weeks while the two-year yield dropped 10 basic points.
• The so-called Bull flattening of the Treasury’s yield curve is a positive sign for risk properties, every few observers.

While you are sleeping

In ether