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Easing Inflation Could Spark New Bitcoin Rally

Lower-than-expected U.S. inflation data on Feb. 12 could trigger a BTC surge, says 10x Research.

• Main Points:

  • CPI Expectations: Market expects 2.9% YoY inflation, but real-time data suggests a lower figure.

  • BTC Rally Potential: A 2.7%-2.8% CPI print could push Bitcoin higher.

  • Previous Impact: BTC surged $10K in January after a lower-than-expected inflation reading.

• Detailed Insights:

  • Truflation Index: Shows inflation dropping from 3.0% to 2.1%, indicating faster-than-expected easing.

  • $10K Surge Possibility: A similar rally could bring BTC to $105K, near its $109K all-time high.

  • Market Sentiment: Over 51% of voters in a recent poll expect BTC to rise post-CPI release.

Related: Bitcoin Miner Capitulation Signals Possible Bottom

A surprise drop in inflation could reignite Bitcoin’s upward momentum, pushing it closer to record highs.

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Solana Price Drops Amid Market Sell-Off and Weakening Activity

Solana (SOL) price has fallen over 6% as market-wide selling pressure, declining on-chain activity, and bearish technical patterns weigh on sentiment.

• Main Points:

  • Market Reaction: Powell’s hawkish Fed outlook dampened risk-on assets like SOL.

  • On-Chain Decline: Solana’s daily transactions dropped sharply, reducing demand.

  • Memecoin Slump: Falling interest in Solana-based memecoins adds to bearish pressure.

  • Bearish Outlook: Head-and-shoulders pattern suggests a potential 40% drop if key support fails.

• Detailed Insights:

  • Fed Impact: Powell signaled no urgency to cut rates, keeping bond yields high and risk assets under pressure.

  • On-Chain Slowdown: Solana transactions fell from 71K in January to 23K in February, reflecting lower engagement.

  • Memecoin Weakness: Solana's memecoin market cap stands at $11.15B, but top tokens have seen sharp losses.

  • Technical Risks: A break below $180.50 could send SOL toward $109, while holding above it could trigger a recovery to $215.

Related: XRP Rises Amid ETF Speculation and Ripple Partnership

Solana faces downside risks, but holding key support could spark a rebound.

Bitcoin Struggles as Powell’s Fed Outlook Weighs on Markets

Bitcoin’s early-week rally stalled at $98K before dropping to $95K after Jerome Powell signaled no urgency for rate cuts, keeping macro uncertainty high.

• Main Points:

  • Fed Impact: Powell’s hawkish stance dampens risk asset sentiment, capping BTC upside.

  • CPI Report Focus: A higher-than-expected inflation print could delay rate cuts further.

  • Investor Caution: U.S. investors show reduced BTC appetite, per Coinbase Premium Index.

  • Price Outlook: BTC likely to fluctuate between $94K and $100K in the short term.

• Detailed Insights:

  • Powell’s Comments: Fed chair reaffirmed a patient approach, signaling rates will stay higher for longer.

  • Inflation Watch: January CPI data could sway rate expectations, impacting BTC momentum.

  • Investor Sentiment: BTC demand dipped as the Coinbase Premium Index returned to neutral.

  • Short-Term Range: Liquidity pockets suggest continued price swings between $94K and $100K.

Related: $1.26B in Bitcoin Moves Mysteriously as BTC Hits $98K

Bitcoin remains vulnerable to macroeconomic factors, with CPI data key to its next move.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results