February 15 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. Bitcoin is up 1.6% over the last 24 hours and rose to an intraday high of $22,333.33. The largest cryptocurrency rebounded from recent losses in today’s session, and price rose above the $22,000 price level. If the bulls push the price above the 20-day exponential moving average ($22,243), the BTC/USDT pair could rally to $23,500.
Today’s Cryptocurrency Headline
Soros Fund Management Increases Exposure to Crypto Firms
Soros Fund Management, the fund of billionaire George Soros, increased its exposure to some crypto companies late last year. According to a 13F filing with the U.S. Securities and Exchange Commission (SEC) on Dec. 31, the fund bought $39.6 million worth of convertible bonds from crypto miner Marathon Digital Holdings. At the same time, the fund also owns calls and puts on 50,000 shares of MicroStrategy stock and nearly $200 million in MicroStrategy preferred stock. In addition, the fund also has put options on 100,000 shares of Silvergate bank.
According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. Bitcoin is up 1.6% over the last 24 hours and rose to an intraday high of $22,333.33. The largest cryptocurrency rebounded from recent losses in today’s session, and price rose above the $22,000 price level. If the bulls push the price above the 20-day exponential moving average ($22,243), the BTC/USDT pair could rally to $23,500.
Today’s Cryptocurrency Headline
Soros Fund Management Increases Exposure to Crypto Firms
Soros Fund Management, the fund of billionaire George Soros, increased its exposure to some crypto companies late last year. According to a 13F filing with the U.S. Securities and Exchange Commission (SEC) on Dec. 31, the fund bought $39.6 million worth of convertible bonds from crypto miner Marathon Digital Holdings. At the same time, the fund also owns calls and puts on 50,000 shares of MicroStrategy stock and nearly $200 million in MicroStrategy preferred stock. In addition, the fund also has put options on 100,000 shares of Silvergate bank.
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