The monthly CPI is predicted to rise 0.3%, because why not? January gave us a measly 0.2%, so clearly, it’s time to spice things up. Annually, it’s holding steady at 2.4%, like a stubborn mule refusing to budge. Core CPI, the diva that excludes food and energy prices, is expected to sashay in at 0.2% monthly and 2.5% yearly. Ooh la la!
None of these moves are outright breakups. But together? They’re the regulatory equivalent of ghosting with a side of “let’s be friends.”
Our protagonist, Bitcoin, soared above $68,500, breaching the $69,200 and $70,000 barriers with aplomb. The bulls, emboldened, pushed past the 61.8% Fib retracement level, a triumph indeed. Yet, the bears, ever lurking, reared their heads below $72,000, rejecting our hero near $71,600 and forcing a downside correction.
RSI is playing hide and seek with the value area low. Because nothing says “hope” like a chart that’s been through a blender.
In a new post on X, the esteemed on-chain analytics firm Glassnode has declared that the Bitcoin network has achieved a milestone so momentous, it would make a Victorian society hostess faint. More than 20 million tokens have now entered circulation, though one suspects the network is merely being polite. The cryptocurrency’s supply grows whenever miners add a new block to the chain and receive the corresponding block reward-a process as thrilling as watching a glacier race a sloth.
X Money, a custodial wallet as native to the platform as the sweat on a factory worker’s brow, promises to link the toiling masses to their bank accounts for peer-to-peer transactions and bill payments. Oh, the generosity! A 6% yield on balances and cashbacks through physical or virtual debit cards-crumbs from the table of the wealthy, no doubt. And who is the partner in this grand scheme? None other than Visa, the titan of payments technology, with licenses from over 40 US states. Fiat first, cryptocurrencies later-a slow drip to keep the rabble hooked.
The delight arose after the ZCash Open Developmental Lab, or ZODL-such a grandiose title for a modest troupe-proclaimed that it had captured over $25 million in seed funding. One must wonder if the money was really for privacy, or merely to buy the finest powdered wigs for the developers!
Northwestern Mutual’s study discovered that many folks fiddling with crypto, prediction markets, and sports betting are doing so because they feel like they’re chasing their money while it tiptoes away on stilts.
“X Money early public access will launch next month,” Musk announced to X on Tuesday, confirming an April debut for the payments platform that has been gestating – in various incarnations, like a stubborn idea in a restless mind – for almost three years. The declaration exploded across the fintech world like a signal flare – and, naturally, among crypto enthusiasts – igniting feverish speculation about what this creation might ultimately become.
Ah, Arthur Hayes-the man who puts his money where his mouth is, or at least $100,000 of it. In a move that screams “I’m either a genius or a madman,” Hayes has wagered that HYPE will outshine any altcoin with a market cap above $1 billion between February 10 and July 31. Bold? Yes. Reckless? Perhaps. Entertaining? Absolutely.
