March 3 Bitfinex Alpha | February ends as a capricious person. The march starts with a bang!
Bitfinex alpha
BITCOIN has decreased 17.39 % in February, the worst February performance since 2014 and the second worst in history. Last week, Bitcoin plummeted 18.4 %, plummeting to $ 78,617 before rebounding. This rapid decrease was led by a record of more than $ 1.1 billion as the institutional flow weakened on February 25.
Since the collapse of the FTX, the Bitcoin’s bull market correction was 18-22 %, but in February, it was extended to 28.3 % in January to $ 109,590 in January.
President Donald Trump’s Sunday announcement caused a rapid reversal of more than 12 %, up 20 % at the lowest level, but subsequent sales reduced Bitcoin to about $ 92,000 to about $ 92,000, and more details on the proposed cryptocurrency preliminary information, including the achievements of the S & P 500, detailed details on the conditions with a wider vein with a wider vein. I believe. The market remains weak, and it can be proved to be ambiguous that the continued optimism propulsion is ambiguous without a new institutional inflow.
The US economic environment remains complex as it forms prospects due to continuous inflation, consumer trust and slowing growth. According to January’s personal consumption inflation data, the annual increase of 2.5 %exceeded 2 %. Despite the surge after the general holiday of household spending, personal income increased 0.9 % in January to increase inflation pressure. Increasing service costs and new import tariffs are also expected to reduce interest rates in the short term by making the Fed’s interest rate adjustment ability more complicated.
Consumer Sentiments also gained popularity in February, with the consumer confidence index of the conference board falling 98.3 in February. More consumers are having difficulty finding jobs, and the problem of job seeking markets, which are struggling to expect new opportunities for the next few months, is increasing. Trade policies and prices of essential products, including food and houses, continue to erode trust.
Meanwhile, the US economy decreased from 3.1 %in the quarter at a slow rate of 2.3 %in the fourth quarter of 2024. This slowdown is due to the harsh winter weather, the decrease in retail activities and the uncertainty of trade policies. Government spending and exports provided some support, but consumer spending and business investments have weakened. The large trade deficit, which amounted to $ 153.3 billion in January, emphasizes the problem of the economy. As inflation pressure and sluggish consumer sentiment continue, economic growth is expected to be conquered in early 2025 unless major policy adjustments or advanced economic conditions do not cause new momentum.
Trump’s US encryption strategy reserve forces include major cryptocurrencies, including Bitcoin and Ether Lee, and in January, they will prohibit the central bank digital currency (CBDC) and follow the administrative order to clarify the encryption regulation. This measure will strengthen the United States as a global leader of encryption before the White House encryption summit on March 7, confirming that the government’s approach to digital assets is greatly changed.
On the other hand, Metamask announced plans to integrate Bitcoin and Solana into a wallet so that users can interact with these networks without additional wallets. Solana, which has been rapidly adopted due to the popularity of Memecoins, will be supported in May, and Bitcoin support is expected in the third quarter of 2024.
In front of the regulation, the US Securities and Exchange Commission (SEC) clearly stated that most notes are not under the Federal Securities Law because they do not depend on their income or rely on management efforts. However, the SEC warned that the project, which is false with a memo coin that the project is bypassed or participates in fraudulent activities, will still take legal action. This difference emphasizes the risk of investment in encryption projects that are misunderstood while providing regulatory clarity.
Meanwhile, the SEC once again delayed the decision to allow the CBOE to list the options for ETHER ETF, and pushed the deadline in May. Similar decisions for the request to list the options for NASDAQ ISE’s Blackrock’s iShares Ethereum Trust are expected in April. The introduction of options for ETFs is considered an important stage for institutional adoption. Especially when the SPOT Ether ETF was released in mid -2012, it has already attracted $ 11 billion in net assets.