Day: February 12, 2025

Bitcoin poised for major move as CPI data looms

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Bitcoin stands poised to breakout from the current consolidation range on looming CPI data. The crypto market is closely watching today’s release of the January consumer price index by the U.S. Labor Department, with the data expected to trigger Bitcoin (BTC) breakout from its $90 – $110K consolidation range.  The CPI report is slated for release at 13:30 UTC and is anticipated to show a modest month-on-month increase of 0.3%, a slight decrease from Dec. 0.4%.  This reading will likely be the key factor in influencing the Federal Reserve’s next…

BTC Moves Below $95K Following Inflation Data

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December’s 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2.9% and 2.9% in December. The so-called core CPI, which excludes food and energy costs, rose 0.4% in January versus an expected 0.3% and 0.2% the previous month. Year-over-year, core CPI was higher by 3.3% versus 3.1% expected and 3.2% in December. Already trading in downward…

4 Best Meme Coins to Watch as Trump’s Crypto Company Announces Bitcoin Reserve

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World Liberty Financial (WLFI), a crypto project Trump has financial interests in, has launched a Macro Strategy Reserve aimed at boosting leading crypto tokens like Bitcoin, Ethereum, and the like. This reserve will help the fund diversify its portfolio into tokenized assets and combat increasing market volatility. Moreover, it will also enable investments in innovative projects within the DeFi landscape and support overall ecosystem development. WLFI aims to bridge the gap between traditional and decentralized finance and hence looks to forge strategic partnerships with esteemed financial institutions. It’s worth noting…

Best Altcoins to Buy as Top Crypto Firms Eye IPOs

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Este artículo también está disponible en español. Five top crypto firms (Circle, Kraken, Gemini, Ripple, and Bullish) are looking to launch IPOs. This comes as yet another reflection of renewed trust in the US government to take crypto forward. Let’s explore these moves in more detail and analyze how they affect which altcoins to buy right now. Leading Crypto Companies Lobby for IPOs Here are some of the top firms gunning for IPOs right now. Circle – The company behind the USDC stablecoin, Circle has a market cap of $55B.…

Bitcoin ETFs See Another Day of Outflows As Ether ETFs Bounce Back With $12 Million Inflow

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Bitcoin ETFs faced a net outflow of $56.76 million, while ether ETFs enjoyed a net inflow of $12.57 million, highlighting divergent investor sentiments. Bitcoin ETFs See $56.76 Million Outflow With Ether ETFs Attracting $12.58 Million Inflow The daily trading action of crypto exchange-traded funds (ETFs) on Tuesday, Feb. 11 saw contrasting fortunes for bitcoin and […] Original

Inflation Data May Shake Out Bitcoin’s Doldrums as Demand for BTC Picks Up

By Francisco Rodrigues (All times ET unless indicated otherwise) The U.S. inflation report due later today might shift bitcoin (BTC) out of the doldrums that have mired it this week. In recent years, the January figure has tended to show significant price hikes. Last year, for example, the month’s data put an end to a series of lower readings, repeating a pattern also seen in 2023. That’s because businesses often evaluate their costs and raise prices at the start of the year, as the Wall Street Journal points out. A…

Japanese MicroStrategy Rides Bitcoin Hype. Will Top Presale BTC Bull Follow?

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Este artículo también está disponible en español. Several companies in Japan are staking their future on Bitcoin ($BTC) and are buying up more of the digital currency. These include a former hotel developer, a software development company, and a mobile game studio. But what’s driving them to spend billions of yen on $BTC? We’ll discuss these and more in today’s article. Plus, we’ll find out why meme coins are also following suit in their optimism for $BTC’s future. If you’re an investor betting on the cryptocurrency’s growth, you can check…

Bitcoin Cash price prediction | Is Bitcoin Cash a good investment?

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Will this legacy cryptocurrency become bullish once again? Let’s find out in this Bitcoin Cash price prediction. Bitcoin Cash is a cryptocurrency associated with Bitcoin, yet it hasn’t performed like the leader of all cryptocurrencies. Its price action has lagged while Bitcoin (BTC) and other cryptocurrencies have experienced significant pumps. Since its launch back in 2017, the Bitcoin Cash (BCH) token has seen an all-time high of $3,785.82 followed by a 91% drop in price. At the time of writing, it is now trading at $330.2, which is around a…

Avalon Labs considers filing first Bitcoin-backed debt public fund

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Avalon Labs says it is exploring the possibility of filing the industry’s first Bitcoin-backed debt public fund aligned with SEC regulations. After issuing the world’s first Bitcoin (BTC)-backed stablecoin USDa, Avalon Labs wants to expand their suite of financial products pegged to the BTC. On Feb. 12, Avalon announced in a recent post that is currently evaluating the possibility of filing the industry’s first Bitcoin-backed public debt fund under the U.S. Securities and Exchange Commission Regulation A framework. The SEC Regulation A framework is a securities exemption that enables companies…

US-Designed Bitcoin Miner Delivers Promising Results

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Auradine’s latest bitcoin miner, a U.S.-designed ASIC chip, is making waves in the mining hardware market after tests demonstrate an efficiency comparable to Bitmain’s leading miner. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. Auradine’s AT2880 Challenges Chinese […] Original