I just noticed that Bitcoin has recovered quite strongly, currently at $77.14K after last week's volatility. Over the past 24 hours, BTC has increased by about 1%, while other coins also show positive signals - Ethereum up 1.66%, Solana up 0.68%. Interestingly, the US stock market has reacted quite mildly to geopolitical concerns, with the Nasdaq only down 0.1% after dropping more than 2% at one point yesterday.



What’s more surprising is that cryptocurrency company stocks are surging - Circle up 12%, MicroStrategy up 6%, Galaxy Digital up 4.7%. It seems investors are optimistic about this coin stock sector.

Looking at economic indicators, the ISM PMI just announced a reading of 52.4, indicating the manufacturing sector is expanding continuously, and the Chicago Business Index rose to 57.7 last month, higher than expected. This is a sign of strong economic growth. However, with the tense situation in the Middle East and rising oil prices, the possibility of the Fed cutting interest rates in March now seems unlikely. This context is quite interesting for the cryptocurrency market and related coin stocks.
BTC-0.41%
ETH-1.24%
SOL-0.7%
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