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Share link:In this post: XRP drops 4% after failing to sustain a breakout above $2.50, with support at $2.30. The RSI remains neutral as market uncertainty continues. Key US inflation reports this week, including CPI and PPI, may influence Fed policy and impact high-risk assets like crypto. Bitcoin and gold broke their inverse relationship with the S&P 500, while the insurance stock fall due to LA wildfire losses could boost crypto interest.
Solana's price is down 20% this week, facing strong bearish momentum. While supports are under threat, a potential rebound could aim for $203.
Bitcoin offset its meagre inflation with massive increase while US DXY increased by just 12% with compound inflation hitting 20%.
MicroStrategy has purchased another 2,530 BTC for approximately $243 million at an average price of $95,972 per bitcoin.The latest acquisitions follow the sale of MicroStrategy shares equivalent to the same amount.
It still needs to consolidate for a while to form a structure resembling a relative bottom.
- 2025/02/20 23:57Overview of Important Overnight Developments on February 2121:00-7:00 Keywords: Strategy, Vitalik, Index ETF 1. The European Central Bank aims to establish a blockchain-based payment system; 2. Federal Reserve's Bostic: The Fed is expected to cut rates twice this year; 3. Franklin Templeton launches Bitcoin and Ethereum Index ETF; 4. Strategy announces pricing of $2 billion convertible senior notes offering; 5. Sources: SEC shows "high concern" over cryptocurrency staking business; 6. The U.S. Senate Banking Subcommittee on Digital Assets will hold its first hearing next week; 7. Federal Reserve's Goolsbee: If tariffs lead to higher inflation, the Fed will consider it; 8. Vitalik Buterin: Remains very optimistic about Argentina's contribution and role in the cryptocurrency field.
- 2025/02/20 23:19Fed Governor Kugler: Thinks Fed should keep policy rates unchanged for some timeFed Governor Kugler: Thinks the Fed should keep policy rates unchanged for some time.
- 2025/02/20 23:19Fed Governor Kugler: PCE inflation expected to be 2.4% in JanuaryFed Governor Kugler: PCE inflation is expected to be 2.4% in January, with core PCE inflation at 2.6%; there is still a gap from the 2% target.