The price of bitcoin (BTC) continues to increase as inflation observes the softening

By James Van Stratotn (at all times and unless otherwise indicated)

Bitcoin (BTC) continues to climb the worry wall, pushing above $ 97,000 despite the inflation reports of the American consumers and producers of consumers and producers in the past two days. It’s a surprise. With the rise in prices and the probability of a drop in Fed rates, you expect risky investments like cryptocurrencies to stop at least.

Dynamic behavior is perhaps supported by signs that inflation is still considered a relaxation in the coming months.

“Bitcoin could probably obtain a certain relief in the short term to judge by the high frequency American inflation indicator by the trUfflation which suggests a significant drop in the inflation of securities in the coming months,” said Andre Dragosch, head of European research in Bitwise. The US TRUFLATION inflation index currently shows 2.06%, indicating a potential decline.

Dragosch also noted the prudent position of the federal reserve, suggesting that the central bank is very aware of what happened in the 1970s, when three inflation waves reached 6.2%peaks, 12% and 15%.

“The Fed is afraid of the inflation scenario of the 1970s, which is why it rather adopts a more cautious approach at the moment and is afraid of reducing rates too aggressively,” he said.

All of this means that the bitcoin bull market is far from over if historical trends are holding. Take a look at the 200 -week mobile average (a period of almost four years!). This currently represents around $ 44,200, below the peak of the previous market of $ 69,000 compared to November 2021. In the past, the average has increased to the previous file, a decision which implies additional prices growth is on Cards.

Also consider that short -term holders have accumulated 1.5 million bitcoins since September, showing the continuous demand for investors who tend to keep their BTC for less than 155 days.

In terms of public society, Coinbase followed Robinhood with solid profits and Gamesop is thinking about a Bitcoin investment, another potential catalyst for the market. Stay vigilant!

What to look at

• Crypto:
• Macro
  • February 14, 8:30 am: US Census Bureau publishes retail data in January.
    • Retail sale Maman is. -0.1% against prev. 0.4%
    • Retail sales Yoy prev. 3.9%
  • February 18 at 10:20 am: The president and chief executive officer of San Francisco Fed, Mary C. Daly, gives a speech to the conference for the community bankers of Phoenix. Livestream link.
  • February 19, 2:00 p.m.: The Fed publishes the minutes of the January 28 meeting of the FOMC.
• Gains
  • February 18: Coinshares International (CS), pre-market
  • February 18: Semler Scientific (SMLR), post-marketing
  • February 20: Block (xyz), post-market, $ 0.88
  • February 26: Mara Holdings (Mara), -0.13 $

Token events

• Governance votes and calls
• Unlocking
  • February 14: Starknet (Strk) to unlock 2.48% of the supply in circulation worth $ 15.19 million.
  • February 15: SEI (SEI) to unlock 1.25% of the supply in circulation worth $ 13.46 million.
  • February 16: Arbitrum (ARB) to unlock 2.13% of the supply in circulation worth $ 46.2 million.
  • February 16: Avalanche (AVAX) to unlock 0.4% of the supply in circulation worth $ 43.55 million.
  • February 21: Fast Token (FTN) to unlock 4.66% of the supply in circulation worth $ 78.8 million.
  • February 28: Optimism (OP) to unlock 2.32% of the supply in circulation worth $ 36.67 million.
• Token launches
  • February 14: According to a message shared by the Penguins Grassouillards account.

Conferences:

Coindesk consensus to take place in Hong Kong on February 18 to 20 and in Toronto from May 14 to 16. Use the code’s day book and save 15% on passes.

Talk about tokens

By Francisco Rodrigues

The Binance dog and the dog of the old CEO of Changpeng Zhao was talked about. After revealing that he had the animal and that he was bombed with requests for information, he finally gave in, knowing that the same would be launched.

Zhao shared a photo of himself with the Belgian Malinois named Broccoli in a long post who inspired a Slew Memecoins. These tokens, exchanging under the broccoli of Ticker, started both the BNB and Solana channel.

Some have seen significant prices increase just after their introduction to reach stock market capitalizations of a billion dollars and more while merchants rushed. As the media was used, the prices too. Fortunes have been made and sold on broccoli.

A merchant, for example, spent less than $ 1,000 to create a token inspired by the dog and started selling the tokens two minutes later. The merchant managed to earn $ 6.5 million during the launch, as Danny Nelson from Coindesk reported.

Volatility has affected the price of the BNB itself, which is now 6.6% lower in the last 24 hours while bitcoin and ether are both slightly increasing. The Pancakeswap cake token, which increased by more than 70% during the week, is down 18% during the same period.

Elsewhere, the DEFI protocol supported by Trump WLFI continued to accumulate tokens, buying around $ 5 million wrapped (WBTC) and 1.4 million dollars in movement (movement).

Positioning of derivatives

• XRP perpetual financing rates remain slightly negative, indicating a bias for shorts despite a price increase of 10%. If prices continue to increase, these shorts can throw in the towel, face their bets and increase an upward movement.
• The LTC, XLM and DOGE have experienced net purchase pressure in perpetual term contracts, depending on the cumulative volume adjusted to the open interest followed by Velo Data.
• BTC CME Futures Base remains below the base of the ETH.
• Block flows on the drunken have presented long long in calls out of money and a bull propagation. In ETH, an option to buy on the $ 3,300 strike was filed on the expiration of March, according to Amberdata.

Market movements:

• BTC increased by 0.57% compared to 4 p.m. HE Thursday to $ 97,093.36 (24 hours: + 0.96%)
• ETH is up 1.39% to $ 2706.09 (24 hours: + 1.13%)
• Coindesk 20 is up 3.70% to 3,324.03 (24 hours: + 3.85%)
• The CESR ether composite pace is up 1 bps at 3.06%
• The BTC financing rate is 0.0035% (3.8632% annualized) on Binance

• Dxy is down 0.32% to 106.97
• Gold is up 1.17% to $ 2,960 / oz
• The money increased by 4.32% to $ 34.06 / Oz
• Nikkei 225 closed -0.79% at 39,149.43
• Hang Seng closed + 3.69% to 22,620.33
• FTSE is down 0.26% to 8,741.88
• Euro Stoxx 50 is unchanged at 5,501.78
• Djia closed Thursday + 0.77% to 44,711.43
• S&P 500 closed + 1.04% at 6,115.07
• Nasdaq closed + 1.5% to 19,945.64
• The S&P / TSX composite index closed + 0.53% to 25,698.5
• S&P 40 Latin America closed + 0.69% to 2,438.53
• The cash rate at 10 years old American was down 7 BPS to 4.53%
• The term contracts on E-Mini S&P 500 are down 0.1% to 6,129.25
• Future E-Mini Nasdaq-100 are unchanged at 22,107
• E-Mini Dow Jones Industrial Industrial Index In Term is down to 44,686

Bitcoin statistics:

• BTC dominance: 60.58 (-0.63%)
• Ethereum / Bitcoin ratio: 0.02783 (0.47%)
• Hashrate (Mobile average at seven days): 818 EH / S
• Hashprice (spot): $ 54.1
• Total costs: 5.67 BTC / 546,770 $
• CME Futures open interest: 167,750
• BTC at the price of gold: 33.0 oz
• BTC vs Gold Market Capt: 9.37%

Technical analysis

• XRP rebounded on the support of the Ichimoku cloud, keeping the wider perspectives intact.
• The prices seem to be heading towards the descending descending resistance, which, if it is exceeded, will probably produce a movement to record peaks.
• A potential movement under the cloud would signal a change in lower trend.

Cryptographic actions

• Microstrategy (MSTR): closed Thursday at $ 324.92 (-0.58%), up 0.6% to $ 327.03 in pre-commercialization.
• Coinbase Global (corner): closed at $ 298.11 (8.44%), down 1% to $ 295.12.
• Galaxy Digital Holdings (GLXY): closed at $ 28.37 CA (+ 5.58%)
• Mara Holdings (Mara): closed at $ 16.91 (+ 4.13%), up 0.65% to $ 17.02
• Platforms Riot (Riot): closed at $ 12.23 (+ 9.59%), up 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 0.66% to $ 10.74.
• Coinshares Valkyrie Bitcoin Miners Etf (WGMI): closed at $ 23.28 (+ 2.42%), down 1.12% to $ 23.02.
• Semler Scientific (SMLR): closed at $ 49.45 (+ 3.69%), up 1.86% to $ 50.37.
• Exodus movement (Exodus): closed at $ 50.00 (+ 2.35%), down 3.34% to $ 48.33.

ETF Flows

BTC ETFS spot:

• Daily net flow: – $ 156.8 million
• Cumulative net flows: $ 40.05 billion
• Total BTC Holdings ~ 1.171 million.

ETH ETFF SPOT

• Daily net flow: $ 12.8 million
• Cumulative net flows: $ 3.14 billion
• Total ETH Holdings ~ 3.777 million.

Source: Wacky investors

Nightflow

Graphic of the day

• The graph shows the yields on the notes of the 10-year and two years in the United States.
• The yield in 10 years has decreased by 27 base points in four weeks while the yield in two years has dropped by 10 base points.
• The so -called the Treasury yield curve is a positive sign for risk assets, according to some observers.

While you slept

In ether