cryptomatrix

❕ Bitcoin price predictions flip bullish, but Ethereum is still stuck Prediction market traders are becoming more bullish on Bitcoin's near-term price, but they're not as confident on Ethereum.

🛢️ Brent crude oil price surges to $85, up 20% in the past 6 days.

🐻 Another bearish BTC chart floating around Twitter, eyeing a $35k target. Reality Check 1. Subjectivity of Trendlines: Technical analysis using log curves or linear channels over such long periods (10+ years) often suffers from "curve fitting" to past data. Just a slight tweak to the slope of these lines can shift price targets by tens of thousands of dollars. 2. Fundamental Factors: This chart ignores massive shifts like institutional inflows (ETFs), macroeconomic changes, or new regulations, any of which could easily break historical patterns. 3. The "Past Performance" Trap: Just because Bitcoin saw 80% drawdowns in previous cycles doesn't guarantee it will happen again. Similarly, there’s no rule saying it must hit the top of this specific channel.

MetaMask and Mastercard officially launch crypto card in the United States.

🔽 Strategy becomes the world’s most shorted stock as sentiment flips amid $9.5B in Bitcoin related paper losses

💲 Bloomberg: Tether’s USDT set for biggest monthly retreat since FTX collapse The total amount of Tether’s USDT in circulation has fallen by about $1.5 billion so far in February. Tether didn’t immediately respond to a request for comment.

French police raid Elon Musk’s X office in Paris Prosecutor says the probe is part of a long-running investigation into "algorithms and harmful content."

Elon Musk says SpaceX might put a Dogecoin on the moon next year.

Goldman Sachs says it's "spending a lot of time" on crypto, tokenization and stablecoins.

🇺🇸 SEC Chair Paul Atkins says "this is a big week for crypto."

🇺🇸 The U.S. Government Just Officially Became a HODLer Big news dropping today: The U.S. Treasury has effectively established a Strategic Bitcoin Reserve—but there’s a twist. According to new reports, the Treasury confirmed it will not be buying Bitcoin on the open market (yet). Instead, they are officially halting all sales of confiscated crypto. What this means: • The ~200,000 BTC the U.S. seized from cases like Silk Road? It's coming off the sell-side table. • Instead of auctioning it off (which usually dumps the price), they are reclassifying it as a strategic asset to be held long-term. • This effectively locks up billions in supply overnight. Market Check: Bitcoin is chopping around $90k today as the market digests the news. While we aren't seeing a massive "God candle" right this second, the long-term signal is clear: The world’s biggest economy just decided that holding BTC is better than selling it.

Bitcoin exchange supply nears 5-year low after $2B buy this week Exchange balances drop significantly as holders withdraw 23,385 BTC, reducing sell pressure across markets. Accumulation Score shows smaller wallets buying aggressively while larger cohorts accumulate more cautiously.

Mastercard implements verified usernames in crypto wallets on Polygon - release What’s changing: • The Crypto Credential system (Mastercard crypto service) adds convenient short wallet names tied to a verified person. • Mercuryo checks the identity and gives out these usernames, and the user binds them to his wallet. • A token is issued in the Polygon network, which displays that the wallet supports such transfers. Why do we need it: • Reduce errors when entering the address. • To simplify life for beginners. • Add a layer of trust and verification to online tools. Mercuryo is a fintech company that provides payment services and infrastructure for working with cryptocurrency.