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PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
- 17:09Final US one-year inflation estimate for February recorded 4.3%, the highest since November 2023On 21 February, the final expected one-year US inflation rate for February was 4.3%, compared with 4.30% expected and 4.30% previous. US final one-year inflation estimate for February was recorded at 4.3%, the highest since November 2023.
- 17:08US February University of Michigan Consumer Sentiment released at 64.7 against 67.8 expectationsBlockBeats news, February 21, the United States in February, the University of Michigan consumer confidence index final value of 64.7, expected 67.8, the previous value of 67.8. US February University of Michigan long-term inflation expectations rose the most since May 2021 from a year earlier.
- 17:07Four.meme destroys $260,000 worth of TST tokensOn 21 February, Four.meme announced the destruction of 2,780,040 TST tokens (valued at $260,211) acquired from its liquidity pool over the past two weeks. The destruction is aimed at managing the token economy and is part of a planned series of bi-weekly destruction events. The move underscores Four.meme's commitment to supporting projects launched on its platform.