BitDigest February 12 · Issue #841

U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC-4.60% ...

After significantly outperforming equities leading up to its halving event on Friday, BTC-4.60% continued its upward trend over the weekend, now trading just below $66k. ETH-5.06% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-9.21% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...

Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC-4.60% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-5.06% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-9.21% has shown remarkable resilience amid the turmoil, now...