Quick Look at Crypto and Global Markets 15.02.2024
Below, you can find a 1-minute financial summary covering daily significant news related to cryptocurrency markets, global market developments, and domestic markets.
Cryptocurrencies
- Starknet’s anticipated airdrop has been unveiled, yet user discontent looms. Dissatisfaction stems from users allegedly failing to meet airdrop criteria due to inadequate Ethereum balances of around $10-$12 in their wallets. This exclusion has left a substantial number of users ineligible for the airdrop.
- Following Starknet’s recent airdrop announcement, diverse reactions persist. Alongside criticisms of unfair distribution within Turkey, it’s notable that globally airdropped tokens will remain locked until April 15th.
- According to data from Cointelegraph Markets Pro and TradingView, a robust rebound was observed from the previous day’s low of $48,400, following a climb to the year’s peak at $52,000.
- Upon Bitcoin’s price surpassing the $51,000 mark, its market capitalization surged beyond $1 trillion.
- Bakkt, amidst financial struggles, disclosed securing regulatory clearance for the issuance of $150 million in securities, coming on the heels of recent balance sheet apprehensions voiced merely a week prior.
- In the past four days alone, Bitcoin ETFs have attracted over $2.2 billion in inflows, eclipsing the inflow figures seen in the initial four weeks.
- Japan’s Financial Services Agency (FSA) has instructed financial institutions to conduct comprehensive investigations into illicit fund transfers originating from cryptocurrency exchange providers.
- A mimicry of the DeFi platform Curve Finance has surfaced on Apple’s App Store, raising concerns within the cryptocurrency community.
- Reports suggest that Genesis plans to offload $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) assets.
FED
- Chicago Fed President Austan Goolsbee emphasized that while Federal Reserve officials’ verbal guidance is being heeded, he noted that although inflation might trend slightly higher over the coming months, it remains consistent with the trajectory aimed at reaching the target.
Global Markets
- Global markets are on an upward trajectory, buoyed by a positive trend primarily driven by the strength of technology stocks.
- On the New York Stock Exchange, the Nasdaq index surged by 1.30 percent, followed by a 0.96 percent rise in the S&P 500 index, and a 0.40 percent increase in the Dow Jones index. Futures contracts for indices in the USA kicked off the new day with a bullish sentiment.
- Amidst a prevailing positive trend in European stock markets, today’s focus shifted to growth and industrial production data in the UK, drawing significant attention from investors.
- In the UK, Consumer Price Index (CPI) fell by a larger-than-anticipated 0.6 percent on a monthly basis in January. However, it rose by 4 percent on an annual basis, aligning with forecasts.
- As the US stock markets, driven by the technology sector, experienced gains, this positive momentum extended to Asian share markets. However, Chinese markets remained closed today due to the New Year holiday, resulting in no trading activity.
- Brent oil prices continue to trend downward, with today’s trading price at $80.9 per barrel, reflecting a 0.3 percent decrease from its previous close.
