More than 70 thousand dollars in the last 24 hours Bitcoin (BTC) price Despite the upcoming February 20 decision, the decline has been paused. It was a weekend when meme coins were active as altcoins tried to compensate for their losses. BTC is at $69,400 and many meme coins started the day with gains exceeding 5 percent.
Bitcoin (BTC)
In the past 5 business days Bitcoin ETFs It saw about half as many inflows as compared to outflows of over $600 million. So, the last week was a period of net outflow in the ETF channel. The weakening of interest rate cut expectations and especially the continued strong employment data were effective in this. Moreover, tensions with Iran have not yet disappeared, and if the negotiations fail, the attacks are expected to continue for weeks.
As Asia wakes up to the day, BTC extends its last 15-minute candle and is eager to reclaim $70,000. But we will look to see if the weekly close is above $72,000 to see a real reversal.
The Supreme Court did not announce the tariff decision on the expected date last month. In January, we talked about the next potential decision date being February 20, and this new date has arrived. The decision to cancel the tariffs is now expected to be announced next week, and if the opposite decision is made, it could create a good basis for a comeback in crypto as the worst is already largely priced in. However, considering that the lower courts have ruled against Trump and the limits of the law’s authority, the possibility of the Supreme Court ruling in favor of Trump becomes slim.
In the optimistic scenario, it can be hoped that BTC will exceed 72 thousand dollars and gain the 80,600 level. However, since the current medium-term technical structure is a clear downtrend for cryptocurrencies and upward attempts continue to bring continuous profit taking, it may be in your favor not to get overly optimistic.
Cryptocurrencies
DOGE He started the day with a 20 percent gain. SHIB is also approaching double-digit gains, and this activity among the biggest meme coins is fueling hopes for a comeback. Since there is usually an interim rise, if this lasts more than a few days, you will see risky altcoins leading the market with gains exceeding 20%. The return of the DOGE price to $0.11 after excessive sales may be an early sign of this.
This week’s most profitable altcoins are PIPPIN, H, KITE, STABLE, ZEC, PEPE, PI, ASTER and it became MORPHO. They earned between 30 and 285 percent.
