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Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
- 02:53Over 20,000 BTC transferred from long-term holders' wallets in the last 96 hoursBitcoin was proposed by Satoshi Nakamoto on November 1, 2008 and officially born on January 3, 2009. Bitcoin is a peer-to-peer, decentralized cryptocurrency that does not rely on central authority publishing, but is completed in the blockchain through proof-of-work consensus mechanism, commonly known as "mining". Bitcoin uses a distributed database of P2P network nodes to confirm, verify, and record currency transactions, with a total publishing volume of 21 million. On February 7th, on-chain analyst Ali posted on X that "based on Glassnode data, over 20,000 BTC have been transferred from long-term holders' wallets in the past 96 hours."
- 02:49Market dynamics on February 07: BTC continues to fluctuate and fall, U.S. stocks rebound, Trump promises to take measures to lower oil pricesI. Market Dynamics 1. BTC fluctuates and falls, altcoins generally decline. 2. U.S stocks rebound, Trump promises to lower oil prices. II. Market Focus 1. Public chain BERA goes live on major exchanges, rises before falling, with a total market value of 4 billion USD. Ecosystem project BERATARDIO surges. 2. Public chain SOL declines, SOLBTC exchange rate breaks position monthly, in the next half year SOL is likely to underperform BTC. 3. MEME's TST surges significantly. TST is a MEME on the BSC chain; celebrities call for orders and its market value soars from 500 thousand USD by 100 times to 50 million USD within one day.
- 02:31Grayscale Ethereum Mini Trust Fund increased its holdings by 1884 ETH todayGolden Finance reports, according to Arkham monitoring data, about 7 hours ago, Grayscale Ethereum Mini Trust transferred 1884 ETH from CEX hot wallet, worth $5.07 million.