Of Omkar Godbole (all times one unless otherwise stated)

The Crypto market draws water, and the largest cryptocurrency, Bitcoin, takes a bull breath. Its upward momentum is suffocated by Trump’s renewed customs threats, which also sends gold prices soaring to detect heights and demand for the US dollar.

But there is action in some corners of the market. The virtual token jumped after its recent list on Upbit, and Hyperliquid’s Hype -Token has seen a 3%win. Litecoin also creates waves with the open interest in centralized exchanges of its eternal futures, climbing 5.19 million LTC, most since December 9, according to Coinglass. The wave suggests fresh capital flowing into the market, probably driven by hope of a spot ETF list in the US

When we talk about stableecoins, the USDC steals the limelight as a star artist this month and boasts a remarkable market of 21% to $ 53.12 billion. It’s the best month since May 2021, according to TradingView data. In contrast, USDT, the heavy weight master of dollar-pegged stableecoins, there was only a 1%increase. USDC even surpassed Bitcoin, which grew a respectable 10%.

According to Intotheblock, USDC’s is better than its compliance with Europe’s Mica rules, while rivals like USDT are facing harsh heads. But don’t count usded out yet; Its market begins to jump back and the simultaneous growth of USDC offers a bullish impulse to the crypto market.

When we keep an eye on the macro landscape, the central American core PCE-Fed’s Go-to Measurement for Inflation is set to be released. Expectations are for a hot headline figure with core reading that excludes food and energy that shows positive improvements that can help BTC break out of its dull price action near $ 104,000.

However, ing warns that the dollar may remain strong this weekend.

“If we do not receive any news about Canada and Mexico by the end of today, there is a risk that the dollar can strengthen further when the market starts to price in a greater chance that tariffs were announced tomorrow,” wrote it. So stay aware!

What to look at

• Crypto:
  • January 31: Crypto.com suspends purchase of Cryptocurrencies USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO and XSGD in the EU to comply with Mica rules. Payouts are supported through Q1.
  • February 2, 20:00: Core Blockchain Athena Hard Fork Network Upgrade (v1.0.14)
  • February 4: Pepecoin (Pepe) Halfning. At block 400,000, the reward drops to 31,250 pepe.
  • February 5, 15:00: Boba Network’s Holocene Hard Fork Network Upgrade to its Ethereum-based Layer-2 Mainnet.
  • February 5 (after the market closure): Microstracky (Mstr) Q4 FY 2024 Earnings.
  • February 6, 8:00: Shentu Chain Network Upgrade (V2.14.0).
  • February 11 (after the market closure): Exodus Movement (EXOD) Q4 2024 Earnings.
  • February 12 (before the market open): HUT 8 (Cabin) Q4 2024 Earnings.
  • February 13: Cleanspark (CLSK) Q1 FY 2025 Earnings.
  • February 13 (after the market closure): Coinbase Global (Coin) Q4 2024 Earnings.
  • February 15: QTUM (QTUM) Hard Fork Network Upgrade on Block 4,590,000.
  • February 18 (after the market closure): Semler Scientific (SMLR) Q4 2024 Earnings.
  • February 20 (after market closure): Block (XYZ) Q4 2024 Earnings.
  • February 26: Mara Holdings (Mara) Q4 2024 Earnings.
  • February 27: Riot Platforms (Riot) Q4 2024 Earnings.
  • March 4: Cipher mining (digifr) releases Q4 2024 earnings.
• Macro
  • January 31, 8:30: The US Bureau of Economic Analysis (Bea) releases December’s personal income and Outlays report.
    • Core PCE Price Index Mother Est. 0.2% vs. Prev. 0.1%.
    • Core PCE Price Index Yoy Est. 2.8% vs. Prev. 2.8%.
    • PCE Price Index Mother Est. 0.3% vs. Prev. 0.1%.
    • PCE -Price Index Yoy Est. 2.6% vs. Prev. 2.4%.
  • February 2 at. 20.45: China’s Caixin releases January’s production of PMI report.
    • Preparation of PMI est. 50.5 vs. Prev. 50.5.

Token -events

• Management votes and calls
  • Compound DAO is voting for an upgrade of its management contracts from Governorbravo to Openzeppelin’s modern governor implementation.
  • Balances DAO votes on whether to start a token swap between Balans Dao and Cow Dao, involving 200,000 Bal -Tokens and about 631,000 cow symbols.
• Unlock
  • 31 January: Optimism (OP) to lock 2.32% of circulating supply worth $ 46.39 million.
  • February 1: SUI (SUI) to lock approx. 2.13% of its circulating supply worth $ 261.91 million.
  • February 2: ethena (ENA) to lock approx. 1.34% of its circulating supply worth $ 29.53 million.
• Token lists
  • 31 January: Movement (Move), Virtuals Protocol (Virtual) and Sundog (Sundog) to be erected on Indodax.

Conferences:

Derivatives Location

• TRX, Trump and about recorded the biggest increase in the open interest of eternal futures. However, dealers appear to map Trump, as shown in the negative cumulative volume -Delta.
• BTC, ETH Open interest and CVD are slightly changed. BTC CME base hovering about 10%.
• Streams on the deribit’s setting market have been muted, but BTC and ETH calls continue to act more expensive than sets.

Market Movement:

• BTC is down by 0.29% from 1 p.m. 16 A Thursday to $ 104,810.50 (24 hours: -0.47%)
• ETH has increased by 2.39% to $ 3,324 (24 hours: +3.32%)
• Coindesk 20 has dropped 0.3% to 3,838.81 (24 hours: +0.28%)
• Cesr Composite Poor speed has risen 4 bps to 3.07%
• BTC financing rate is 0.0012% (1,2961% annually) on OKX
• DXY has increased by 0.47% at 108.30
• Gold is unchanged for $ 2,794.77/OZ
• Silver has increased 0.19% of $ 31.60/OZ
• Nikkei 225 closed +0.15% to 39,572.49
• Hang bed closed +0.14% to 20,225.11
• FTSE has increased 0.3% at 8,673.13
• Euro Stoxx 50 has increased 0.39% at 5,302.75
• Djia closed Thursday +0.38% to 44,882.13
• S&P 500 CLOSED +0.53% to 6,071.17
• NASDAQ closed +0.25% to 19,681.75
• S&P/TSX Composite Index Closed +1.31% to 25,808.25
• S&P 40 Latin America closed +2.21% to 2,388.03
• US 10-year-old Treasury has increased by 2 bps by 4,536%
• E-MINI S&P 500 FUTURES have increased 0.43% at 6.125.75
• E-MINI NASDAQ-100 futures rose 0.79% at 21,795.50
• E-MINI DOW JONES INDUSTRIAL AVERAGE INDEX FUTURES rose 0.32% at 45,200.00

Bitcoin -Statistics:

• BTC Dominance: 59.21 (-0.11%)
• Ethereum to Bitcoin ratio: 0.03127 (0.84%)
• Hashrate (Seven-Day Sliding Average): 781 EH/S
• HashPrice (Spot): $ 61.7
• Total fees: 4.97 BTC/ $ 522,698
• Cme futures open interest: 176,270 BTC
• BTC priced in gold: 37.3 oz
• BTC VS GOLD MARKET CAP: 10.60%

Technical analysis

• The chart shows that $ 60 has emerged as a strong resistance to Blackrocks Ibit Exchange-Trade Fund since December, with Bull’s consistently failing to establish a foothold above this level.
• Such patterns represent bullish exhaustion and often pave the way for smaller award payments that shake out of weak hands, which sets the stage for the next leg higher.

Crypto shares

• Microstratey (Mstr): Closed Thursday of $ 340.09 (-0.34%), an increase of 0.2% of $ 340.77 in Pre-Market.
• Coinbase Global (Coin): Closed to $ 301.30 (+3.54%), dropped 0.17% to $ 300.80 in the pre-market.
• Galaxy Digital Holdings (GLXY): Closed on C $ 29.33 (+0.83%).
• Mara Holdings (Mara): Closed to $ 19.18 (+4.13%), an increase of 0.36% to $ 19.25 in the pre-market.
• Riot Platforms (Riot): Closed at $ 11.90 (+6.06%), an increase of 0.76% of $ 11.99 in the market.
• Core Scientific (Corz): Closed to $ 12.26 (+6.98%), an increase of 3.18% to $ 12.65 in the pre-market.
• Cleanspark (CLSK): Closed to $ 10.97 (+6.92%), an increase of 0.55% to $ 11.03 in Pre-Market.
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 22.50 (+6.33%), an increase of 3.47% to $ 23.28 in Pre-Market.
• Semler Scientific (SMLR): Closed to $ 52.15 (+0.13%).
• Exodus Movement (2.

Etf is flowing

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: $ 588.2 million
• Cumulative net streams: $ 40.18 billion
• Collected BTC holdings ~ 1.18 million.

SPOT ETH ETFS

• Daily Net Tream: $ 67.77 million
• Cumulative net streams: 2.73 billion dollars
• Collected ETH holdings ~ 3.65 million.

Source: Father’s page -Investors

Flows overnight

Today’s chart

• The moving index representing an option -based target of how unstable the US Ministry of Finance is likely to be lower in the next four weeks.
• Falling Treasury Market Volatility is often well -esteemed for risky assets.

While you were asleep

• Bitcoin stable, gold tookens shin when Xau hits record high; Inflation in Tokyo Rises (Coindesk): President Trump’s customs threats are a headwind for Bitcoin, but derivater data indicates skepticism about a major downturn where dealers remain bullish and growing interest in BTC reserves at state level.
• Grayscale Files SEC proposal to convert the XRP Trust to ETF (Coindesk): On Thursday, NYSE ARCA filed a form 19B-4 to SEC to list shares in Grayscales XRP Trust as ETF.
• Virtual waves 28%as Upbit listing exposes the token to Altcoin -expert South Koreans (Coindesk): The price of virtual, the native token of virtual protocol token.
• Trump gets the lower interest rates he demanded of all except bold (Reuters): Despite Trump’s call for interest coverings, bold Hawkish remains, while Bank of Canada, Bank of England and European Central Bank facilitates monetary policy.
• Trump says 25% duty on Mexico and Canada may not include oil (CNBC): Trump confirmed on Thursday that 25% duty in Mexican and Canadian imports will start February 1, but left oil uncertain.
• Japan’s economy is facing the fallout of Trump’s China Customs (Bloomberg): Japan’s main economist Tomoko Hayashi said a trade war in the US China could hurt her country’s economy, although she believes companies are better prepared now than in Trump’s first period.

In ether