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Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
- 22:42Minority Leader of the U.S. Senate: Trump's tariff policy is "the most foolish trade war in history"On February 3rd local time, the minority leader of the United States Senate and Democrat Chuck Schumer stated that the Trump administration's tariff policy is "the most foolish trade war in history." On February 1st, US President Donald Trump signed an executive order imposing a 25% tariff on goods imported from Mexico and Canada. He also threatened to impose tariffs on European Union goods soon on the evening of February 2nd.
- 22:40The Federal Reserve has accepted a total of $97.781 billion from 39 counterparties in fixed-rate reverse repurchase operationsThe Federal Reserve has accepted a total of $97.781 billion from 39 counterparties in fixed-rate reverse repurchase operations.
- 22:37Market: Some AI tokens rebound after excessive fall, ARC has risen 39.4% in the past 24 hoursAccording to Coingecko market data, some AI tokens have rebounded after a sharp drop, including:AI Rig Complex (ARC) increased by 39.4%, at $0.267;Hive AI (BUZZ) increased by 35.1%, at $0.05269;Fartcoin (FARTCOIN) increased by 34.4%, currently at $0.8187;Act I The AI Prophecy (ACT) increased by 24.4%, at $0.236;Pippin (PIPPIN) increased by 23.4%, at $0.04218.