Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- US inflation falls to 2.4 percent.
- Bitcoin briefly reclaims $69,000.
- White House official says trillions of dollars in institutional capital are on the sidelines waiting to enter the crypto market while work continues on Bitcoin and crypto market structure legislation.
- Brazil reintroduces bill to create a strategic Bitcoin reserve.
- CFTC appoints Coinbase, Kraken, Gemini and Polymarket CEOs to its new innovation advisory committee.
- $231 million worth of short positions liquidated in the past 24 hours.
- President Trump plans to roll back tariffs on metals and aluminum goods.
- US signs trade deal with Taiwan, cutting tariffs to 15% in exchange for Taiwan removing 99% of trade barriers on US goods and purchasing $84 billion of American products.
- Treasury Secretary Bessent says the US does not want to decouple from China but wants to derisk.
- Spot silver briefly rallies to $79 per ounce.
- US sending its largest warship to the Middle East.
- Kevin O'Leary wins $2.8 million dollar defamation lawsuit against crypto influencer Ben Armstrong, known as Bitboy.
- Consumer prices rose 4.5% per year over the last 5 years.
📊 Altcoin Market Updates 📊
- Truth Social files for both Bitcoin and Ethereum ETF with the SEC.
- Ethereum forecasted to fall to $1830 in February per traders on Kalshi.
- Tether invests in Hyperliquid frontend Dreamcash, which offers perpetual markets for TSLA, gold and more using USDT0 collateral.
- Tomasz Stanczak steps down as co-executive director of the Ethereum Foundation at the end of February.
- Kamino, Anchorage and Solana bringing institutional collateral management to Solana.
- Polymarket announces Chainlink-powered 5min up-or-down crypto prediction markets.
- Morpho Association announces cooperation agreement with Apollo Global Management, which may acquire Morpho tokens.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $SPY $GOLD $ETH $SILVER
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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