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February — Week #4

By BLOCKTALK in Bitcoin —

🤑 Markets

  1. Bitcoin ETFs See Record Outflows: U.S. Bitcoin ETFs experienced significant daily outflows exceeding $930 million as carry trade yields dropped below those of 10-year Treasury notes. This trend reflects shifting investor sentiment and market dynamics impacting Bitcoin investment strategies.
  2. Bitcoin Falls Below $90K: Bitcoin's price has dropped below $90,000, reflecting broader economic concerns and market corrections. This decline highlights the cryptocurrency's volatility in response to shifting economic conditions.
  3. Bitcoin Slides Further Amid Warnings: Standard Chartered has cautioned that Bitcoin could experience a 10% decline before a potential rise to $88,000. The bank advises that it may be premature for investors to buy at the current price levels.
  4. BlackRock Transfers Bitcoin to Coinbase: BlackRock has reportedly transferred a substantial amount of Bitcoin to Coinbase, indicating a potential increase in institutional interest. This move may enhance Bitcoin's liquidity and reflect growing confidence in the cryptocurrency market.
  5. Bitcoin Tests Critical Support Levels: Bitcoin's price is currently testing critical support around $90,000 after a three-month period of consolidation. Traders are monitoring this level closely as a break below could signal further declines.

🧑‍⚖️ Policy & Regulation

  1. South Dakota Halts Bitcoin Plans: South Dakota has decided to discontinue its plans for a Bitcoin reserve. The state intends to revisit the Bitcoin reserve concept next year.
  2. Montana Lawmakers Reject Bitcoin Reserve: Montana lawmakers rejected House Bill 429, which aimed to allow state entities to invest in Bitcoin and other cryptocurrencies. Concerns over the potential risks associated with such investments influenced the decision to kill the bill.
  3. Republicans Disagree on Bitcoin Reserves: Disagreements among Republicans may hinder the progress of Bitcoin reserve bills. These bills aim to regulate the use of Bitcoin and cryptocurrency within federal frameworks.

⚙️ Technology

  1. Bitcoin Miners Face Grid Challenges: Bitcoin miners relying on power from grids may face challenges after the next halving event due to increased scrutiny and potential regulatory changes. The profitability of mining operations could be impacted as rewards decrease and energy costs dominate operational expenses.
  2. Hackers Steal Bitcoin via GitHub: Hackers are employing fake GitHub repositories to distribute malicious code that targets Bitcoin wallets, aiming to steal users' cryptocurrencies. This highlights the importance of verifying the authenticity of code before downloading or using it, particularly in the Bitcoin ecosystem.
  3. Bitcoin Miners Adapt to AI: Bitcoin miners continue to play a crucial role in securing the network and validating transactions, despite advancements in AI technology. The demand for blockspace remains strong, ensuring the relevance of mining activities.

🌈 Adoption

  1. Voltage Expands Bitcoin Lightning Network: Voltage is focused on expanding the adoption of the Bitcoin Lightning Network for businesses globally. The company provides tools and infrastructure to facilitate easy integration of Lightning payments, promoting faster and cheaper transactions.
  2. Strategy Adds 20,356 Bitcoins: A strategy has been implemented that adds 20,356 Bitcoin, valued at approximately $2 billion, to its holdings. This move brings the total holdings close to the significant milestone of 500,000 Bitcoin.
  3. Bitcoin Slumps Amid Increased Buying: Bitcoin has experienced a price decline recently, while the government of El Salvador plans to increase its Bitcoin purchases. This move may influence Bitcoin's market stability and adoption in the region.
  4. Bitcoin Miner Expands Texas Operations: Bitcoin miner GDA is expanding its facilities in West Texas with the addition of a 50 MW deployment. This expansion aims to enhance its mining capabilities and strengthen operations in the region.
  5. Bitcoin Helps Offset U.S. Debt: Bitcoin could serve as a potential tool for addressing the U.S. debt crisis by establishing a national reserve. This strategy is being explored as a means to leverage Bitcoin's asset value to stabilize and reduce national debt levels.

📅 Bitcoin Events Coming Up

Bitcoin 2025

🗓️ When: May 27-29, 2025
📍 Where: Las Vegas, Nevada, USA
Bitcoin 2025 is the largest Bitcoin conference in the world, focusing on advancing the mission of worldwide hyperbitcoinization. It features keynote sessions, interactive workshops, and networking events.

BTC Prague

🗓️ When: June 19-21, 2025
📍 Where: Prague, Czech Republic
BTC Prague is Europe's largest Bitcoin-only conference, featuring in-depth talks about Bitcoin investment opportunities and discussions with prominent speakers in the Bitcoin community.


🤔🤔 Wanna learn more? Check out the BLOCKTALK!