Bitcoin regained a foothold comfortably above $22,000, despite a tepid, January U.S. Consumer Price Index data (CPI).

Market Cap versus Realized Cap (MVRV) is a popular on-chain indicator that helps identify bitcoin price lows and highs.

Exchange-related deposits and withdrawals of Bitcoin are often good indicators of market sentiment.

As Bitcoin attempts to hold onto the $22,000 psychological support, the crypto AI sector surpassed yield farming to outperform Bitcoin with gains of over 12% in the past 24 hours.

Bitcoin’s average block size has hit all-time highs above 2.5MB for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023.

Bitcoin has remained stuck beneath $22,000 for the past 24 hours, but there’s likely to be more volatility during the day as the US is scheduled to announce the CPI numbers for January.

As of writing, Bitcoin decreases by 0.51% in the last 24 hours. Ethereum decreases by 1.21%. Solana dips by 0.40%. Cardano price dips by 1.78%. Polygon slashes by 3.95%.

The relationship between bitcoin and traditional safe-haven asset gold has risen to a three-month peak as fresh capital in both begins to slow. Prices for bitcoin and the yellow metal have declined week over week since Feb. 1, while traditional equities — reflected in the S&P 500 — continue their uptrend. Both assets experienced a surge in January before enduring a slowdown in February — a month in which interest rate expectations increased following a robust US jobs report. (Blockworks)

Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies. Paxos Trust Co. was ordered on Monday to stop issuing its U.S. dollar-pegged Binance USD (BUSD) stablecoin by New York authorities and it reportedly faces an SEC investigation. BNB, the native currency of Binance the world’s largest crypto exchange, had the biggest drop on the list. (forkast)<br><br>Get the latest news here: Cointime channel—https://t.me/cointime_en<br>

The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode. In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC) transfers: “This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.” (Cointelegraph)<br><br>Get the latest news here: Cointime channel—https://t.me/cointime_en<br>