On February 3, several major updates emerged from the cryptocurrency market, drawing investors' attention:
- Bitcoin price surpassed $79,000, reflecting strong market momentum and renewed investor confidence.
- A firm invested $75.3 million last week to purchase 855 Bitcoin, signaling sustained interest in crypto assets from institutional capital.
- A SpaceX internal memo confirmed its merger plan with xAI, with the combined company's valuation reaching an impressive $1.25 trillion, boosting expectations for the tech sector.
- Fed official Bostic noted that inflation remains high, with no rate cuts expected before 2026.
- Another highlight was a firm's purchase of approximately 41,700 ETH last week, bringing its total holdings to over 4.28 million ETH, underscoring Ethereum's continued appeal.
- Additionally, the U.S. government shutdown has delayed the release of January's jobs report, impacting transparency in economic data.
- On the regulatory front, the White House roundtable failed to reach a consensus on stablecoin yield issues, calling for a compromise plan to be proposed by the end of the month.
These updates provide important insights for investors to navigate the latest trends in the cryptocurrency market.