Bitcoin operated down on Friday (31), ending a week of falling and volatility to the asset, which oscillated a turbulence technology market because of Chinese Deepseek chatbot developments. In addition, the measures of US President Donald Trump are still observed involving the crypto sector.
Shortly before 5:15 pm (Brasília), Bitcoin retreated 3.44%to US $ 102,134.61, according to Binance. Ethereum was up 1.54%at $ 3,313.47.
“The week was marked by a drop in the technology market because of the avalanche caused by Deepseek that also brought effects on the crypto sector, despite the rapid recovery. Bitcoin performed remarkably higher, driven in part by positive headlines detailing reserve bills in US states and increasing financing rates and negotiation volumes, ”says Fábio Plein, coinbase regional director for the Americas. .
“At the same time, Microstrategy continues its aggressive Bitcoin accumulation strategy, recently acquiring 10,107 bitcoins for $ 1.1 billion, raising its total appearances to 471,107 bitcoins, valued at approximately US $ 47 billion,” says Ana de Mattos, technical analyst of the ripine.
“Although this is positive information for the crypto market, investors should be aware of the risks of this concentration. Microstrategy’s exposure to Bitcoin can generate strong volatility in its actions, especially in periods of market correction, ”says the analyst.
This week, El Salvador removed Bitcoin’s legal currency status, which was clear in the Bitcoin law reform that the Legislative Assembly approved. With the modification of six articles and the elimination of three from the pioneering legislation of September 2021, the cryptors are no longer official currency, their use is relegated to exchanges between citizens and private companies, and their acceptance goes from voluntary.
CME Group, the world’s leading derivative market, announced today that it will present options on Bitcoin futures on Friday, on February 24, while waiting for regulatory review. These new contracts will be the first CME Group cryptocurrency options to be financially settled, with salaries available every day of the commercial week, from Monday to Friday.
