The market is seeing a jump today as Powell’s speech on inflation came in a neutral manner. The market slightly fell down, however, recovered in a short span. Bitcoin jumps by 1.33% in the last 24 hours.

For now, I am very mindful of the fact that nothing ever goes according to plan, and that I must maintain a flexible mindset. We are all Bayesians now!

On-chain indicators are pointing toward positive sentiment for bitcoin, the world’s largest cryptocurrency by market capitalization.

As Bitcoin hovered around $38,000 last April—down 45% from its peak—Fidelity Investments announced its customers could soon add the digital asset to their retirement accounts through a first-of-its-kind offering.

Major Bitcoin miners Hut 8 Mining and U.S. Bitcoin Corp today announced a merger which will bring the two companies together to create a North America crypto mining giant. 

Grayscale announced that it had filed its final briefs in its litigation against the SEC to challenge the decision to deny the conversion of the Grayscale Bitcoin Trust into a spot Bitcoin ETF on Feb. 7.

Institutional traders are prioritizing bitcoin over ether exposure so far in 2023, according to a report from digital asset analysis firm Arcane Research.

Amid the thousands of inscriptions added to the Bitcoin blockchain via Ordinals, a 7zip file possibly linked to Wikileaks founder Julian Assange was recently discovered. A Reddit user under the name “u/sprxzk34620” informed the r/bitcoin subreddit of the discovery. The post stated, “An encrypted 7zip file possibly related to Julian Assange is hidden in the Bitcoin blockchain.” The author also noted that the file could be obtained by splicing the pubkhash seg of all the output scripts from a specific transaction.

On Tuesday (7 February 2023), Arthur Hayes, Co-Founder and former CEO of BitMEX, revealed that he is getting back into Bitcoin even though he realizes that “buying into Bitcoin when it is already up 50% off the lows is dangerous.”

Are we entering another bull cycle?