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Markus Thielen from 10x Research perceives a "real possibility" of a lower CPI figure in the US on 12th February, which could go against consensus expectations and potentially spark a Bitcoin rally.
Quick Take Strategy has recommenced its bitcoin acquisitions, purchasing an additional 7,633 BTC for around $742.4 million at an average price of $97,255 per bitcoin. These recent acquisitions come after the sale of Strategy shares equivalent to the same value.
The official X account of the President of the Central African Republic announced a memecoin named CAR. The launch of the memecoin is described as an experiment to determine if a meme can "unite people" and support the "national development" of the Central African Republic.
Quick Take The prices of various cryptocurrencies have dipped after President Trump told reporters that he plans to implement new 25% tariffs on steel and aluminium next week. The price of Bitcoin, which briefly surpassed $100,000 on Friday, has slid to around $95,000, with Ethereum down 3.5% in the past 24 hours. The price action comes shortly ahead of Super Bowl LIX, expected to be the most-watched telecast of the year.
Bitcoin's historical price data suggests potential for new all-time highs in Q1, yet liquidity gaps below $80,000 might cause a short-term price decline.
Bitcoin could reach $150,000 this cycle, and if it surpasses that price level, it will probably "come back down through it," says Glassnode analyst James Check.
The group will focus on creating a federal regulatory framework for digital assets, including stablecoins, and will work to assess the establishment of a "strategic national digital assets stockpile."
Markus Thielen from 10x Research states that Bitcoin is moving in $18,000 increments and forecasts it could reach $122,000 by February.
AI-driven meme coins utilise artificial intelligence for personalised content, real-time analytics, and enhanced user engagement. While these innovations present exciting possibilities, the long-term success of this sector will depend on addressing key challenges.
- 17:15Powell: The Federal Reserve Focuses on Overall Inflation, Not Targeting Housing PricesChainCatcher news, according to Golden Ten Data, Federal Reserve Chairman Powell stated that the Fed focuses on overall inflation, does not target housing prices, and will not directly use the purchase of mortgage-backed securities to address mortgage rate issues.
- 17:15Powell hints at supporting another rate cut later this month as the U.S. job market cools downChainCatcher news, Federal Reserve Chairman Jerome Powell warned on Tuesday that the U.S. labor market is showing further signs of distress, suggesting he may be prepared to support another interest rate cut later this month. Powell pointed out: "The downside risks to employment have increased." This is the strongest indication so far that Federal Reserve officials believe they have enough evidence to support another 25 basis point cut in U.S. borrowing costs. Powell added that even without new data from the Bureau of Labor Statistics (delayed due to the government shutdown), privately produced labor market indicators and internal Federal Reserve research provide sufficient reason to indicate that the job market is cooling. "Existing evidence" shows that "layoffs and hiring numbers remain very low," while "households' views on job opportunities and businesses' perceptions of hiring difficulties continue to trend downward." These remarks indicate that Powell is becoming more dovish on monetary policy.
- 16:57Powell: There is significant uncertainty regarding the "balanced level" of job creationAccording to Golden Ten Data, ChainCatcher reported that Federal Reserve Chairman Jerome Powell stated that there is significant uncertainty regarding the "balanced level" of job creation, and it may have dropped below zero.