Bitcoin Rejected at $100K After $1.5B Bybit Hack, SEC to Halt Coinbase Lawsuit: Your Weekly Crypto Recap

View in browser Weekly Crypto Market Update BTC $98,500 | ETH $2,7254 | XRP $2.63 | Total Market Cap: $3.37 Trillion The last several days have been quite interesting for the cryptocurrency industry, with numerous events impacting the price of Bitcoin (BTC) and the altcoins. At the beginning of the business week, American President Donald Trump continued his trade war, announcing an upcoming 25% import tax on all steel and aluminum entering the US.  His announcement triggered another round of uncertainty across the financial markets. However, the impact on the crypto sector was not as intense as the one observed at the start of the month.  This time, BTC slipped from around $98,000 at the time of the disclosure to roughly $97,000 hours later. On February 11, the bears retook control, suppressing the price to $95K before another resurgence of over $96,000.  The release of the US CPI data on February 12, though, brought more pain for the bulls. The latest figures showed that inflation in the world's largest economy was higher than the previous expectations. This caused a sudden drop below $95,000 for BTC and substantial declines for most altcoins.  Read The Full Market Update Price Analysis: ETH, XRP, ADA, BNB, and SOL This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. For a detailed analysis, read more.  Bitcoin Decouples From S&P 500 – Good or Bad? Over the last three weeks, the correlation between Bitcoin (BTC) and the S&P 500 has been declining. Read more. SEC Withdraws Appeal in DeFi Dealer Classification Case DeFi advocates celebrate as the SEC drops its appeal, halting efforts to expand securities laws to decentralized finance platforms. Read more. CryptoPotato 39 Ludgate Hill, London United Kingdom You received this email because you signed up on our website or made a purchase from us. Unsubscribe