1. Bitcoin Market: The price is fluctuating, initially dropping then rising, with a low of $68,300 and currently at $70,060; Ethereum follows Bitcoin but rebounds more strongly, with a low of $2,007 and now at $2,105.
2. Altcoin Market: SOL and DOGE follow Bitcoin's fluctuations, while other non-mainstream altcoins start to show performance. OWL surges 145%, trading at 0.01485; NKN rises 80%, trading at 0.0093; ZKP up 58%, trading at 0.1226; AXS experienced an early rally, trading at 1.525, up 20%; SIREN slightly rebounds, trading at 0.0103; RVV drops 30% early in the day, trading at 0.00114; "I'm coming" rises 10%, trading at 0.02.
3. Neighboring Markets: The three major US stock indices close higher, with the Dow hitting a new all-time high. AI and precious metals sectors lead the gains, with NVIDIA up over 2%; the Chinese A-shares also surged 1.4%, led by the photovoltaic sector; gold rises 2%, closing at $5,084; silver up 8%, closing at $83.
4. The centralized crypto exchange Backpack Exchange, founded by former FTX and Alameda executives, is negotiating a new funding round with a pre-money valuation of $1 billion. Specifically, Backpack plans to raise $50 million, but the total amount may be larger.
5. The Bitcoin and cryptocurrency market structure bill is expected to gain bipartisan support and could pass within months, with stablecoin yields being the main point of contention.
6. Ethereum, Ripple, and Solana ETFs are rising, while Bitcoin funds decline again: Bitcoin fund redemptions reach $264.4 million, marking the third consecutive week of net outflows. In contrast, altcoin funds have seen their first inflow since mid-January, with Ripple (XRP) inflows of $63.1 million, Solana inflows of $8.2 million, and Ethereum inflows of $5.3 million.
7. Institutional and on-chain activity: Bitmine bought an additional 20,000 ETH overnight, worth $41.07 million; Strategy invested $90 million last week to increase holdings by 1,142 BTC; combined unrealized losses for Strategy and Bitmine have reached $12.671 billion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
February 10
1. Bitcoin Market: The price is fluctuating, initially dropping then rising, with a low of $68,300 and currently at $70,060; Ethereum follows Bitcoin but rebounds more strongly, with a low of $2,007 and now at $2,105.
2. Altcoin Market: SOL and DOGE follow Bitcoin's fluctuations, while other non-mainstream altcoins start to show performance. OWL surges 145%, trading at 0.01485; NKN rises 80%, trading at 0.0093; ZKP up 58%, trading at 0.1226; AXS experienced an early rally, trading at 1.525, up 20%; SIREN slightly rebounds, trading at 0.0103; RVV drops 30% early in the day, trading at 0.00114; "I'm coming" rises 10%, trading at 0.02.
3. Neighboring Markets: The three major US stock indices close higher, with the Dow hitting a new all-time high. AI and precious metals sectors lead the gains, with NVIDIA up over 2%; the Chinese A-shares also surged 1.4%, led by the photovoltaic sector; gold rises 2%, closing at $5,084; silver up 8%, closing at $83.
4. The centralized crypto exchange Backpack Exchange, founded by former FTX and Alameda executives, is negotiating a new funding round with a pre-money valuation of $1 billion. Specifically, Backpack plans to raise $50 million, but the total amount may be larger.
5. The Bitcoin and cryptocurrency market structure bill is expected to gain bipartisan support and could pass within months, with stablecoin yields being the main point of contention.
6. Ethereum, Ripple, and Solana ETFs are rising, while Bitcoin funds decline again: Bitcoin fund redemptions reach $264.4 million, marking the third consecutive week of net outflows. In contrast, altcoin funds have seen their first inflow since mid-January, with Ripple (XRP) inflows of $63.1 million, Solana inflows of $8.2 million, and Ethereum inflows of $5.3 million.
7. Institutional and on-chain activity: Bitmine bought an additional 20,000 ETH overnight, worth $41.07 million; Strategy invested $90 million last week to increase holdings by 1,142 BTC; combined unrealized losses for Strategy and Bitmine have reached $12.671 billion.