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FameEX Morning Crypto News Recap | February 12, 2025
2025-02-12 15:26:55
Fed Chair Powell Says No Immediate Need to Cut Rates Despite Pressure from Trump
Despite pressure from Trump, Federal Reserve Chairman Powell stated there’s no rush to cut interest rates. With a robust economy and accommodative policies, Powell highlighted that while inflation has eased, it remains elevated, indicating no immediate need for policy changes.
Leaders of the Crypto Industry Urge U.S. Congress to Implement Clear Regulatory Framework
On February 11, crypto industry leaders called on U.S. Congress to establish clear regulations, warning that the U.S. could lag behind as other nations adopt crypto-friendly policies.
Cryptocurrency Market Experiences Rebound with $6 Billion in Capital Inflow Over the Past Week
On-chain analyst Ali, referencing Glassnode data, noted a rebound in cryptocurrency market capital inflow, with $6 billion added in the past week, signaling renewed market momentum.
Bitcoin Market Sells Off $142 Billion Since 2023, But Prices Continue to Rise
CryptoQuant CEO Ki Young Ju highlighted that despite the $142 billion Bitcoin sell-off since 2023, Bitcoin's price has continued to rise, indicating market resilience and strong underlying demand.
Individuals Hold 69.4% of Bitcoin as Institutional Purchases Struggle
Bitwise Asset Management reported that individual holders control 69.4% of Bitcoin, presenting significant challenges for institutions and governments seeking to acquire it. With only 5.7% of Bitcoin left to be mined and approximately 140,000 Bitcoins available in the OTC market, institutional purchases are facing growing difficulties.
Altcoin Daily Active Addresses Still Below 2021 Peak
IntoTheBlock reported that daily active addresses for most altcoins are still significantly below the 2021 peak, indicating that retail traders have not yet returned in large numbers to the altcoin market.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
