AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery

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12 Feb 2024
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AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
By AZC News | 2 hours ago
Let's review all the crypto movements of the week with AZC.News to make sure you don't miss any important news through this AZC.News Crypto Weekly.AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
Market Recap of Last Week
By the end of the previous week, Bitcoin exhibited an exceptionally strong recovery, surging from the range of 42,000 - 43,000 to over 48,000 (an increase of approximately 15%). Currently, Bitcoin's price is hovering around 48,000, having retraced from the 49,000 region (following the approval of the Bitcoin ETF event). However, breaking the previous high is highly likely to occur this week due to the stimulating effect from the Bitcoin Halving. The Bitcoin Halving is a quadrennial event scheduled to take place in the next two months.



BTC/USD Price Chart as of 1:44 AM on 12/2/2024

With Bitcoin surging approximately 15%, many Altcoins have followed suit with significant gains, although there are also a few Altcoins that have failed to keep pace with Bitcoin's upward momentum and have experienced price declines.

Top 10 coins in the top 100 that experienced the highest increase in the past week



Source: Coinmarketcap

Top 10 coins in the top 100 that experienced the highest decrease in the past week



Source: Coinmarketcap

Summary of significant news from last week
FTX Seeks Court Approval to Sell Anthropic Shares
Former Bitcoin President Nayib Bukele Successfully Re-elected
South Korea's Regulator Meets US SEC's Gensler on Spot Bitcoin ETFs
NFT Artist Ryder Ripps Ordered to Pay $9M to Yuga Labs
Binance Announces Listing of Ronin (RONIN)
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Restaking Trend, TVL EigenLayer Reached 3 Billion USD
New York Escalates Severity of DCG Lawsuit
FTX Sells $10M DCI for $500K to Settle DebtsKey Highlights for This Week
This week, there are notable news events that may influence prices, including:

1. Tuesday, February 13th, at 13:30 (UTC): CPI Inflation Data

2. Friday, February 16th, at 13:30 (UTC): PPI Inflation Data

AZC.News Crypto Weekly is a publication of AZC.News, providing weekly updates on the latest cryptocurrency news. Whether you're an experienced investor or just starting out, AZC.News offers comprehensive information on market trends, price movements, and significant developments in the cryptocurrency space. Don't miss out on crucial information that could impact your investment decisions. Stay informed, stay ahead – join AZC.News now!

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conducAZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
By AZC News | 2 hours ago

Let's review all the crypto movements of the week with AZC.News to make sure you don't miss any important news through this AZC.News Crypto Weekly.AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
Market Recap of Last Week
By the end of the previous week, Bitcoin exhibited an exceptionally strong recovery, surging from the range of 42,000 - 43,000 to over 48,000 (an increase of approximately 15%). Currently, Bitcoin's price is hovering around 48,000, having retraced from the 49,000 region (following the approval of the Bitcoin ETF event). However, breaking the previous high is highly likely to occur this week due to the stimulating effect from the Bitcoin Halving. The Bitcoin Halving is a quadrennial event scheduled to take place in the next two months.



BTC/USD Price Chart as of 1:44 AM on 12/2/2024

With Bitcoin surging approximately 15%, many Altcoins have followed suit with significant gains, although there are also a few Altcoins that have failed to keep pace with Bitcoin's upward momentum and have experienced price declines.

Top 10 coins in the top 100 that experienced the highest increase in the past week



Source: Coinmarketcap

Top 10 coins in the top 100 that experienced the highest decrease in the past week



Source: Coinmarketcap

Summary of significant news from last week
FTX Seeks Court Approval to Sell Anthropic Shares
Former Bitcoin President Nayib Bukele Successfully Re-elected
South Korea's Regulator Meets US SEC's Gensler on Spot Bitcoin ETFs
NFT Artist Ryder Ripps Ordered to Pay $9M to Yuga Labs
Binance Announces Listing of Ronin (RONIN)
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Restaking Trend, TVL EigenLayer Reached 3 Billion USD
New York Escalates Severity of DCG Lawsuit
FTX Sells $10M DCI for $500K to Settle Debts
Key Highlights for This Week
This week, there are notable news events that may influence prices, including:

1. Tuesday, February 13th, at 13:30 (UTC): CPI Inflation Data

2. Friday, February 16th, at 13:30 (UTC): PPI Inflation Data

AZC.News Crypto Weekly is a publication of AZC.News, providing weekly updates on the latest cryptocurrency news. Whether you're an experienced investor or just starting out, AZC.News offers comprehensive information on market trends, price movements, and significant developments in the cryptocurrency space. Don't miss out on crucial information that could impact your investment decisions. Stay informed, stay ahead – join AZC.News now!

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conducAZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
By AZC News | 2 hours ago

Let's review all the crypto movements of the week with AZC.News to make sure you don't miss any important news through this AZC.News Crypto Weekly.AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
Market Recap of Last Week
By the end of the previous week, Bitcoin exhibited an exceptionally strong recovery, surging from the range of 42,000 - 43,000 to over 48,000 (an increase of approximately 15%). Currently, Bitcoin's price is hovering around 48,000, having retraced from the 49,000 region (following the approval of the Bitcoin ETF event). However, breaking the previous high is highly likely to occur this week due to the stimulating effect from the Bitcoin Halving. The Bitcoin Halving is a quadrennial event scheduled to take place in the next two months.



BTC/USD Price Chart as of 1:44 AM on 12/2/2024

With Bitcoin surging approximately 15%, many Altcoins have followed suit with significant gains, although there are also a few Altcoins that have failed to keep pace with Bitcoin's upward momentum and have experienced price declines.

Top 10 coins in the top 100 that experienced the highest increase in the past week



Source: Coinmarketcap

Top 10 coins in the top 100 that experienced the highest decrease in the past week



Source: Coinmarketcap

Summary of significant news from last week
FTX Seeks Court Approval to Sell Anthropic Shares
Former Bitcoin President Nayib Bukele Successfully Re-elected
South Korea's Regulator Meets US SEC's Gensler on Spot Bitcoin ETFs
NFT Artist Ryder Ripps Ordered to Pay $9M to Yuga Labs
Binance Announces Listing of Ronin (RONIN)
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Restaking Trend, TVL EigenLayer Reached 3 Billion USD
New York Escalates Severity of DCG Lawsuit
FTX Sells $10M DCI for $500K to Settle Debts
Key Highlights for This Week
This week, there are notable news events that may influence prices, including:

1. Tuesday, February 13th, at 13:30 (UTC): CPI Inflation Data

2. Friday, February 16th, at 13:30 (UTC): PPI Inflation Data

AZC.News Crypto Weekly is a publication of AZC.News, providing weekly updates on the latest cryptocurrency news. Whether you're an experienced investor or just starting out, AZC.News offers comprehensive information on market trends, price movements, and significant developments in the cryptocurrency space. Don't miss out on crucial information that could impact your investment decisions. Stay informed, stay ahead – join AZC.News now!

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conducAZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
By AZC News | 2 hours ago

Let's review all the crypto movements of the week with AZC.News to make sure you don't miss any important news through this AZC.News Crypto Weekly.AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
Market Recap of Last Week
By the end of the previous week, Bitcoin exhibited an exceptionally strong recovery, surging from the range of 42,000 - 43,000 to over 48,000 (an increase of approximately 15%). Currently, Bitcoin's price is hovering around 48,000, having retraced from the 49,000 region (following the approval of the Bitcoin ETF event). However, breaking the previous high is highly likely to occur this week due to the stimulating effect from the Bitcoin Halving. The Bitcoin Halving is a quadrennial event scheduled to take place in the next two months.



BTC/USD Price Chart as of 1:44 AM on 12/2/2024

With Bitcoin surging approximately 15%, many Altcoins have followed suit with significant gains, although there are also a few Altcoins that have failed to keep pace with Bitcoin's upward momentum and have experienced price declines.

Top 10 coins in the top 100 that experienced the highest increase in the past week



Source: Coinmarketcap

Top 10 coins in the top 100 that experienced the highest decrease in the past week



Source: Coinmarketcap

Summary of significant news from last week
FTX Seeks Court Approval to Sell Anthropic Shares
Former Bitcoin President Nayib Bukele Successfully Re-elected
South Korea's Regulator Meets US SEC's Gensler on Spot Bitcoin ETFs
NFT Artist Ryder Ripps Ordered to Pay $9M to Yuga Labs
Binance Announces Listing of Ronin (RONIN)
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Restaking Trend, TVL EigenLayer Reached 3 Billion USD
New York Escalates Severity of DCG Lawsuit
FTX Sells $10M DCI for $500K to Settle Debts
Key Highlights for This Week
This week, there are notable news events that may influence prices, including:

1. Tuesday, February 13th, at 13:30 (UTC): CPI Inflation Data

2. Friday, February 16th, at 13:30 (UTC): PPI Inflation Data

AZC.News Crypto Weekly is a publication of AZC.News, providing weekly updates on the latest cryptocurrency news. Whether you're an experienced investor or just starting out, AZC.News offers comprehensive information on market trends, price movements, and significant developments in the cryptocurrency space. Don't miss out on crucial information that could impact your investment decisions. Stay informed, stay ahead – join AZC.News now!

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conducAZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
By AZC News | 2 hours ago

Let's review all the crypto movements of the week with AZC.News to make sure you don't miss any important news through this AZC.News Crypto Weekly.AZC.News Crypto Weekly (05/02 - 11/02): Bitcoin Shows Strong Recovery
Market Recap of Last Week
By the end of the previous week, Bitcoin exhibited an exceptionally strong recovery, surging from the range of 42,000 - 43,000 to over 48,000 (an increase of approximately 15%). Currently, Bitcoin's price is hovering around 48,000, having retraced from the 49,000 region (following the approval of the Bitcoin ETF event). However, breaking the previous high is highly likely to occur this week due to the stimulating effect from the Bitcoin Halving. The Bitcoin Halving is a quadrennial event scheduled to take place in the next two months.



BTC/USD Price Chart as of 1:44 AM on 12/2/2024

With Bitcoin surging approximately 15%, many Altcoins have followed suit with significant gains, although there are also a few Altcoins that have failed to keep pace with Bitcoin's upward momentum and have experienced price declines.

Top 10 coins in the top 100 that experienced the highest increase in the past week



Source: Coinmarketcap

Top 10 coins in the top 100 that experienced the highest decrease in the past week



Source: Coinmarketcap

Summary of significant news from last week
FTX Seeks Court Approval to Sell Anthropic Shares
Former Bitcoin President Nayib Bukele Successfully Re-elected
South Korea's Regulator Meets US SEC's Gensler on Spot Bitcoin ETFs
NFT Artist Ryder Ripps Ordered to Pay $9M to Yuga Labs
Binance Announces Listing of Ronin (RONIN)
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Restaking Trend, TVL EigenLayer Reached 3 Billion USD
New York Escalates Severity of DCG Lawsuit
FTX Sells $10M DCI for $500K to Settle Debts
Key Highlights for This Week
This week, there are notable news events that may influence prices, including:

1. Tuesday, February 13th, at 13:30 (UTC): CPI Inflation Data

2. Friday, February 16th, at 13:30 (UTC): PPI Inflation Data

AZC.News Crypto Weekly is a publication of AZC.News, providing weekly updates on the latest cryptocurrency news. Whether you're an experienced investor or just starting out, AZC.News offers comprehensive information on market trends, price movements, and significant developments in the cryptocurrency space. Don't miss out on crucial information that could impact your investment decisions. Stay informed, stay ahead – join AZC.News now!

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.t their own research when making a decision.t their own research when making a decision.t their own research when making a decision.t their own research when making a decision.

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The AZC.News Crypto Weekly provides a comprehensive overview of the recent crypto market movements, highlighting Bitcoin's robust recovery and significant developments in the industry. With insightful analysis and key news events for the upcoming week, it's a great resource for both seasoned investors and newcomers in the cryptocurrency space.
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