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Bitcoin volatility has fallen, reaching long-term lows. U.S. inflation is predicted to rise amid growing concerns over Donald Trump’s tariffs. Although Bitcoin [BTC] has recently rallied to hit a new all-time high, BTC volatility remains at historical low levels. According to CryptoQuant’s analyst Axel Adler, Bitcoin’s volatility has dropped to 200 Average True Range (ATR) as investors await key U.S. inflation data. The drop to a 200 ATR level suggests that Bitcoin’s price movements are currently calm, with volatility reaching long-term lows. At these levels, the market appears to be in “wait and see” mode, as on-chain activity slows. Low volatility typically signals smaller, more stable price swings, and this often leads to reduced capital inflow—from both retail and institutional investors—as many choose to stay on the sidelines.
Active Currencies17418
Market Cap$3,530,315,894,900.40
Bitcoin Share61.00%
Bitcoin: Why should you buy BTC before the CPI report is released?
Bitcoin
Bitcoin: Why should you buy BTC before the CPI report is released?
3min Read
Bitcoin’s volatility has dropped to 200 ATR as investors wait for U.S. CPI data.
Bitcoin volatility has fallen, reaching long-term lows.
U.S. inflation is predicted to rise amid growing concerns over Donald Trump’s tariffs.
Although Bitcoin [BTC] has recently rallied to hit a new all-time high, BTC volatility remains at historical low levels.
According to CryptoQuant’s analyst Axel Adler, Bitcoin’s volatility has dropped to 200 Average True Range (ATR) as investors await key U.S. inflation data.
Source: CryptoQuant The drop to a 200 ATR level suggests that Bitcoin’s price movements are currently calm, with volatility reaching long-term lows.
At these levels, the market appears to be in “wait and see” mode, as on-chain activity slows.
Bitcoin spikes above $110K after account of Paraguay's president claims BTC legal tender
Paraguayan President Santiago Peña's X account was reportedly hacked on Monday.
A now-deleted post falsely claimed that Paraguay had made Bitcoin a legal tender, backed by a $5 million BTC reserve.
Bitcoin surged over $110,000 following the X post and progress in US-China tariff talks.
Bitcoin (BTC) rose 4% on Monday following a post from Paraguayan President Santiago Peña's hacked X account stating that BTC has been approved as a legal tender in the country. The post was deleted after Presidencia Paraguay flagged the information as false.$BTC $ETH $XRP #CryptoCharts101 #StrategyBTCPurchase #BTC110KSoon? #USChinaTradeTalks
China has imposed a fresh ban on cryptocurrency holdings according to a report by Binance. The Chinese government has not only banned trading or mining of cryptocurrencies, but even individual ownership of digital assets like Bitcoin.
BTCUSDT’s long/short ratio has reached a 30-day record.
A big correction seems likely at this point and could push BTC to $90K as part of a normal ‘mean reversion’ move.
$650 million worth of long positions have been wiped out in the past 24 hours across the entire crypto market. Nearly a third of that total corresponds to BTC longs.
This is not at all unexpected as open interest in Bitcoin futures surged to a new record of 726,450 BTC yesterday.
Retail traders may have got too excited by the top crypto’s push to a new all-time high. The amount of liquidations seen in the past 24 hours after a 4.5% weekly retreat indicates a highly leveraged market that is in dire need of a strong correction.
$BTC $ETH #SaylorBTCPurchase Tim Draper: US Dollar Going Extinct—Bitcoin Set to Dominate Retail
Tim Draper warns of the U.S. dollar’s impending collapse as bitcoin accelerates toward total transactional dominance.
Tim Draper Declares the US Dollar Going Extinct—Bitcoin Set to Dominate Transactions
Venture capitalist Tim Draper issued a stark warning about the future of fiat currency on May 31 on social media platform X, weighing in on a growing debate within the bitcoin community. Draper, known for his longstanding support of cryptocurrency, said the U.S. dollar is rapidly losing value and predicted a major shift in retail behavior. His comments followed a post from Swan Bitcoin discussing the renewed divide between BTC as a store of value and as a medium of exchange
Chinese Luna New Year falls on February 10 in 2024, signalling the start of the 15-day Spring Festival and the beginning of the year of the dragon.
"The lowest return was in 2019, when bitcoin rose 3%, and the strongest was in 2021, when bitcoin rallied 24%. But besides those two ‘outliers,’ bitcoin rallies during Chinese New Year were evenly distributed at around 9% to 13%," Thielen wrote.
Thielen has predicted the bitcoin price will climb to $52,000 through March and then surge to around $70,000 by the end of the year.
$BTC #Write2Earn #TradeNTell #TrendingTopic #BTC #RONIN U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday.
Yellen is appearing before the House Financial Services Committee on Tuesday to explain the latest work of the Financial Stability Oversight Council (FSOC), a group of U.S. financial agency heads that the secretary leads. The council, which is meant to head off the next financial crisis before it happens, has paid special attention to crypto risks in recent years, putting them among the top categories of potential worry.
"The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins, potential vulnerabilities from crypto-asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations," she said in the testimony prepared for delivery, which was posted on the committee's website.
Yellen said she'll keep working with Congress on crypto legislation.
"Applicable rules and regulations should be enforced, and Congress should pass legislation to provide for the regulation of stablecoins and of the spot market for crypto-assets that are not securities," she said.
Her brief remarks don't reveal any new interest or initiative, but the fact she included digital assets as one of her key issues keeps the crypto sector in the spotlight of the U.S. government's financial concerns
No, Pi’s mainnet is not fully open to the public. As per the latest updates, Pi Network is advancing steadily in its Enclosed Mainnet phase. This phase is a crucial step before transitioning to the Open Mainnet. At the time of writing, the launch date of the Pi Network mainnet was officially declared to be between March and June of 2024.
The Pi network has garnered a lot of interest from developers because of its potential for deploying decentralized applications (dApps). These developers have actively participated in several hackathons organized by the Pi Core Team, demonstrating the growing ecosystem around Pi.
Once the mainnet fully launches, the Pi coin is expected to serve as the primary medium of exchange, powering various operations on the Pi blockchain.
Is Pi Coin Worth Anything?
What is the worth of the Pi cryptocurrency? As of early 2024, the Pi coin is an unlisted token that is basically worthless. As a result, no historical data on the Pi Network’s performance is available because the token has yet to be officially listed on any cryptocurrency trading exchange. Any PI coin prices you see online and in this article come from IOUs, and their value may not be transferred between exchanges.
The quantity of coins in circulation when the Pi Network is fully launched has yet to be revealed by the project creators. At the time of writing, the Pi coin’s self-reported circulating supply was 68M PI. The maximum supply has not been determined yet.
Pi Coin Price History:
According to the latest data gathered, the current price of Pi is $$30.15, and PI is presently ranked No. 3062 in the entire crypto ecosystem. The circulation supply of Pi is $0.00, with a market cap of 0 PI.
In the past 24 hours, the crypto has increased by $0.37 in its current value.
Our real-time BTC to USD price update shows the current Bitcoin price as $43,037.4 USD.
According to our Bitcoin price prediction, BTC price is expected to have a -22.95% decrease and drop as low as by February 05, 2024.
Our analysis of the technical indicators suggests that the current market feeling is Neutral Bearish 31%, with a Fear & Greed Index score of 60 (Greed).
Over the last 30 days, Bitcoin has had 14/30 (47%) green days and 4.13% price volatility.
February 05, 2024$39,251-8.89% February 06, 2024$33,196-22.95% February 07, 2024$28,619-33.57% February 08, 2024$29,821-30.78% February 09, 2024$32,628-24.26% February 10, 2024$32,266-25.1% February 11, 2024$30,818-28.46% February 12, 2024$30,716-28.7% February 13, 2024$31,439-27.02% February 14, 2024$32,191-25.28% February 15, 2024$32,323-24.97% February 16, 2024$35,171-18.36% February 17, 2024$37,169-13.72% February 18, 2024$37,998-11.8% February 19, 2024$39,727-7.79% February 20, 2024$39,826-7.56% February 21, 2024$39,196-9.02% February 22, 2024$38,422-10.81% February 23, 2024$38,250-11.21% February 24, 2024$39,237-8.92% February 25, 2024$40,307-6.44% February 26, 2024$40,959-4.93% February 27, 2024$41,348-4.02% February 28, 2024$41,176-4.42%
BlackRock’s IBIT and ProShares’ BITO became the first bitcoin (BTC) exchange-traded funds (ETF) to cross Grayscale’s GBTC trading volume on Thursday.
IBIT ended Thursday with $306 million in trades placed, while BITO traded $298 million. GBTC saw a relatively lower $291 million in trades, data from multiple sources show. #Write2Earn #PYTH #link #JUP #TrendingTopic