February 10 Bitfinex Alpha | BTC has more behavior and value as a dangerous asset
Bitfinex alpha
Bitcoin has stagnated from $ 91,000 to $ 102,000 as global designated scientific tensions rise, expanding the integration stage of more than 75 days.
However, this prolonged range of bound behavior reflects the maturity that increases with the assets of Bitcoin, and the annual volatility has reached an all -time low. Nevertheless, BTC is responsive to the development of the macro economy, especially after Trump’s tariffs on Mexico, Canada and China.
The recent trend suggests that BTC is becoming more and more risky assets than pure value storage. The correlation with the S & P 500 is still strong and the relationship with gold has been weakened. Bitcoin has increased 3.5 % this year, while gold rose 9 %, the highest record of $ 2,880 per ounce. Gold Rally added $ 1.5 trillion to the market cap this year and dwarves Bitcoin’s $ 66.5 billion. These differences are led by the purchase of institutional and sovereignty funds that have a great detour of Bitcoin due to regulatory problems and volatility.
But change can progress. ETFs, public and private companies, and even state states have more than $ 1.9 billion in Bitcoin. Bitcoin’s fixed supply description is becoming more and more attractive as the central bank expands the supply of money and increases the risk of devaluation.
We expect that if the macroscopic conditions deteriorate, the range of BTC’s range of bounds will continue in the short term, and there will be potential falling pressure. However, in our view, the story of long -term value -added to Bitcoin remains intact, even if gold continues to rise and there is institutional feelings around Bitcoin shift.
Data that affects future central bank movement continues to be monitored. The US job seeking market added 143,000 new jobs in January, but 143,000 new jobs were added in January, but the rise in previous lunar figures has strengthened the labor market elasticity. The unemployment was steadily maintained at 4 %and reflected the stable manpower supported by immigration -oriented growth. In January, the wage gain of 0.5 % is recorded, and it continues to supply fuel to consumer spending, which has increased by 4.1 % annually.
However, labor costs and slowing productivity growth can contribute to inflation pressure, which can complicate the interest rate determination of the federal preparation system. Meanwhile, after the suspension of tariffs on the 30th, trade tensions between the United States and Canada have been temporarily relaxed, but uncertainty remains because the unresolved trade disputes interfere with the supply chain and raise the consumer price.
As job growth conditions and unemployment claims increase and trade risks continue to induce uncertainty in the future economic outlook, policymakers are struggling to maintain economic stability balance and manage the influence of control and human dynamics on inflation.
But the encryption industry is still optimistic. After the Gary Gensler, SEC President, Gary Gensler, the encryption -related ETF application with over 45 active files, including spot ETFs and futures products of assets such as SOL and Ripple (XRP), has soared. . The evaluation of the SEC on these applications will focus on market stability, especially liquidity and sensitivity to manipulation. Meanwhile, the Product Futures Trading Committee also starts a regulatory discussion and organizes the CEO forum with industry athletes, including Circle, Coinbase and Ripple.
This initiative aims to collect insights on the proposed stablecoin and mortgage management pilot programs to reflect the extensive promotion of structured regulatory supervision in the digital asset space.
As regulatory discussions proceed, the adoption of encryption continues to expand into traditional industries. In the UAE, tether is a measure that allows you to introduce USDT Stablecoin payment in real estate transactions so that more than 30,000 agents can easily make the purchase of real estate between more than 30,000 people. This partnership matches the UAE’s global encryption hub, which increases the reputation of the UAE, which reflects the strong investor’s interest in integrating digital assets.
On the recovery front, the FTX announced that it began to distribute the initial distribution to the creditor following the approval of the 11th reorganization plan. Payment will be marked on February 18, 2025, starting with Bitgo and KRAKEN and expressing important milestones for Exchange’s efforts to compensate for affected customers. Although asset recovery continues, this development represents progress in solving the fall of FTX’s collapse.