By Francisco Rodrigues (all times one unless otherwise stated)

Prices of cryptocurrency rise after the US security and exchange commission’s previous crypto enforcement device is transferred to the cyber and emerging technologies -unit and in the midst of Dovish comments from Atlanta Fed -President Raphael Bostic.

Renefing crypto assets and cyberness is important because it shows that the agency is moving away from its cryptophocus, which often led to allegations of regulation by enforcement and legal battles with major industrialists.

“In the closest to the medium term, clearer rules are likely to increase institutional participation, leading to improvements in the market infrastructure,” Backpack founder and CEO Armani Ferrante told Coindesk. Bitcoin is now over $ 98,000 after adding 1.2% in 24 hours, while the wider Coindesk 20 index rose 1.35%.

Still, volatility is still relatively low. “These environments may feel slow and frustrating, but they rarely last long – volatility tends to mean to return,” Wintermute OTC spokesman Jake O to Coindesk told.

With tension between the United States and its European Allies is growing, investors hope that Germany’s elections on Sunday will lead to a stable coalition government that will print economic reforms to stimulate growth and increase defense spending. Germany is Europe’s largest economy and a positive result can lead to a more risk-on approach.

Open interest has already moved up in front of the election. Still, the crypto market lacks positive catalysts in the short term, wrote JPMorgan analysts led by Nikolao’s Panigirtzoglou in a report.

In fact, the market is approaching behind – where spot prices are rising over futures prices – in a “negative development” that is “indicative of demand weakness” of institutional investors using regulated CME future contracts to get exposure to the market. Stay aware!

What to look at

• Crypto:
• Macro
  • February 21, 9:45 AM: S&P Global Releases February’s (Flash) US Purchasing Leaders Index (Flash) Report.
    • Composed PMI Prev. 52.7
    • Preparation of PMI est. 51.5 vs. Prev. 51.2
    • Services PMI est. 53 vs. Prev. 52.9
  • February 24, 5:00: Eurostat releases Eurozones (final) consumer inflation data for January.
    • Core inflation speed yoy est. 2.7% against prev. 2.7%
    • Inflation rate yoy est. 2.5% vs. Prev. 2.4%
• Earnings
  • February 24: Riot Platforms (Riot), Post -Market, $ -0.18
  • February 25: Bitdeer Technologies Group (BTDR), Pre -Market, $ -0.17
  • 25th February: Cipher Mining (digifr), pre -market, $ -0.09
  • February 26: Mara Holdings (Mara), Post -Market, $ -0.13

Token -events

• Management votes and calls
• Unlock
  • February 21: Quick token (FTN) to lock 4.66% of circulating supply worth $ 78.6 million.
  • February 28: Optimism (OP) to lock 1.92% of circulating supply worth $ 34.23 million.
  • Mar 1: SUI (SUI) to lock 0.74% of circulating supply worth $ 81.07 million.
• Token launches

Conferences:

Coindesk’s consensus about taking place in Toronto on 14 to 16 May. Use the code’s diary and save 15% on passports.

Token Talk

By Oliver Knight

• With a confused launch from Argentine President Javier Milei and a token proposed by self -developed Nazi Kanye West, now known as in, this week in Memecoin Land has been one to forget.
• Castle Island Ventures Partner Nic Carter said the craze is “undoubted plan to introduce Yzy token – and will own 70% of the supply.
• The rest of the crypto market remains relatively undisturbed by the sector’s potential death: ETH and LTC have risen by 3% this week, while TRX has risen by 7.7% as liquidity appears to rotate from speculative tokens back to several utilitarian projects.
• Almost leads the package on Friday and waves by 11% after announcing the “first truly autonomous” AI agents. The agents will be able to autonomously own, trade and manage assets on-chain.

Derivatives Location

• BTC Open interest on centralized exchanges increased almost 5% to $ 37.3 billion in the last 24 hours. This combined with reversing in financing from positive to negative suggests a potential short press scenario. Short liquidations have dominated the futures markets during this period are approaching a total of $ 110 million compared to $ 6.11 million for a long time.
• Among the assets with over $ 100 million in open interest, the manufacturer DAO, Virtuals Protcol and Artificial Super Intelligence The highest one-day increase increased by 39.2%, 35.5%and 28.00%respectively.
• Among the setting instruments, the call option at BTC has a strike price of $ 99,000 and expires February 22 traded with the most volume on the leave. The next most popular setting instrument is the invitation to BTC with a rigorous price of $ 108,000 that expires on February 28th. The action suggests the optimistic short -term atmosphere on the market for the past few days.

Market Movement:

• BTC has increased by 0.28% from 1 p.m. 16 A Thursday to $ 98,632.42 (24 hours: +1.35%)
• ETH has risen 2.09% to $ 2,800.02 (24 hours: +2.15%)
• Coindesk 20 has risen 0.92% to 3,298.29 (24 hours: +1.49%)
• Ether Cesr Composite Staking Rate is unchanged at 2.99%
• BTC financing rate is at 0.0010% (1,0961% annual) on Binance
• DXY has increased by 0.29% at 106.68
• Gold is down 0.31% for $ 2,929.76/OZ
• Silver is down 0.12% to $ 32.91/oz
• Nikkei 225 closed +0.26% at 38,776.94
• Hang bed closed +3.99% at 23,477.92
• FTSE has increased by 0.20% at 8,680.19
• Euro Stoxx 50 has increased 0.18% at 5,471.08
• Djia closed down on Thursday -1.01% at 44.176.65
• S&P 500 CLOSED -0.43% AT 6.117.52
• Nasdaq closed -0.47% at 19,962.36
• S&P/TSX Composite Index Closed -0.44% at 25,514.08
• S&P 40 Latin America closed +0.76% at 2,480.21
• US 10-year-old Treasury dropped 2 bps on 4.49%
• E-MINI S&P 500 Futures are unchanged at 6.138.25
• E-MINI NASDAQ-100 FUTURES have increased 0.13% at 22,170.75
• E-mini dow jones industrial average index futures has increased 0.10% to 44.309

Bitcoin -Statistics:

• BTC Dominance: 61.02 (-0.35%)
• Ethereum to Bitcoin ratio: 0.02842 (2.01%)
• Hashrate (seven-day sliding average): 807 EH/S
• Hashprice (Spot): $ 54.92
• Total fees: 5.34 BTC / $ 526,892
• Cme futures open interest: 178,500 btc
• BTC priced in gold: 33.4 oz
• BTC VS GOLD MARKET CAP: 9.49%

Technical analysis

• Tao has emerged as one of the strongest priesting assets over the past week, driven by the launch of Dynamictao upgrade. This momentum has propelled the award over all key exponential movement average on the daily timeframe, which signalizes renewed strength.
• Adding to the Bullish atmosphere has the price action formed a reverse head and shoulders – pattern.
• Tao’s recent listing on Coinbase gave an additional catalyst that ran its price up almost 20% to a high of $ 495 since the initial message.

Crypto shares

• Microstratey (Mstr): Closed Thursday of $ 323.92 (+1.65%), an increase of 0.37% to $ 324.85 in the pre-market
• COINBASE GLOBAL (COIN): CLOSED TO $ 256.59 (-0.80%), an increase of 0.86% to $ 258.80
• Galaxy Digital Holdings (GLXY): Closed to C $ 25.65 (+1.30%)
• Mara Holdings (Mara): Closed to $ 15.95 (+1.08%), an increase of 0.38% to $ 16.01
• Riot Platforms (Riot): Closed to $ 11.60 (+0.35%), an increase of 0.52% to $ 11.66
• Core Scientific (Corz): Closed to $ 11.84 (-1.50%), an increase of 0.51% to $ 11.90
• CLEANSPARK (CLSK): CLOSED TO $ 10.06 (+1.72%), an increase of 0.80% to $ 10.14
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 22.49 (-1.27%), dropped 0.31% to $ 22.42
• Semler Scientific (SMLR): Closed to $ 52.24 (+0.04%), unchanged
• Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: -$ 364.8 million
• Cumulative net streams: 39.63 billion dollars
• Collected BTC holdings ~ 1,169 million.

SPOT ETH ETFS

• Daily Net Tream: -$ 13.1 million
• Cumulative net streams: 3.16 billion dollars
• Collected ETH holdings ~ 3,807 million.

Source: Father’s page -Investors

Flows overnight

Today’s chart

• Bitcoin’s price action has triggered short liquidation totaling $ 97.9 million at $ 98,890, according to Coinglass. The next key resistance levels based on the liquidation heating card are $ 99,185 and $ 99,332, with liquidations worth $ 65.2 million and $ 67.9 million are assembled.
• On the downside, significant long liquidations are placed at $ 97,415 and $ 97,194, equivalent to $ 69.3 million and $ 70.7 million. These central levels highlight potential volatility areas when Bitcoin navigates in its current price range.

While you were asleep

• Crypto Market is facing weak demand, needs Trump initiatives to kick in, says JPMorgan (Coindesk): JPMorgan said CME-FUTURESDATA reveals weak institutional interest in crypto, with any pro-crrypto-initiatives from Trump administration , which will be unlikely to emerge until the other half of the other half year.
• South African company to bring together Bitcoin Hoard in First for Continent (Bloomberg): Altvest Capital adopted Bitcoin as a Treasury’s reserve asset. It bought a BTC and is considering a $ 10 million share sale to expand its digital holdings.
• Block shares fall on surplus, Revenue Miss (CNBC): On his Q4 2024 -Neight Call commented on Leaders of Block (XYZ) Proto, their Bitcoin Mining Initiative. CFO Amrita Ahuja said the project should create growth in the second half.
• Japan yield falls as UEDA warns Boj can step in to smooth the market (Bloomberg): Bank of Japan Governor Kazuo Ueda promised to buy government bonds if long-term giving the spik. Previously, 10-year-old yields hit 1,455%-it mostly since 2009.
• British retail sales are rising for the first time in five months (The Wall Street Journal): In January, retail costs in the UK rose 1.7% from December, led by a 5.6% jump in food sales as more people ate at home.
• New Microsoft chip shorten the timeline to make Bitcoin Quantum-resistant: RIVER (COINTELEGRAPH): Bitcoin-focused financial services Firm River said Microsoft’s Majorana-Dog not another threat-Kunne reach a scale of 1 million-quubit in 2027- 2029, which potentially enables attacks on blockchain.

In ether