Bullish<\/strong>: Softer US services sector data, easing trade tensions, and progress toward a US SBR may push BTC toward its all-time high of $109,312.<\/li>\n<\/ul>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] XRPUSD \u2013 Daily Chart \u2013 210225Read expert analysis on what could drive XRP to new highs here. Bitcoin Eyes $100K Return on Strategy (formerly MicroStrategy) News While investors monitor SEC activity and Ripple case-related news, bitcoin (BTC) is eying a return to $100K. On Wednesday, February 19, Strategy (formerly MicroStrategy) Chairman and Founder Michael Saylor announced a $2 billion public offering of convertible senior notes. The announcement comes at a pivotal time for BTC, which has failed to break above $100k for twelve consecutive sessions. Supply-demand trends have recently shifted as investors await fresh catalysts to influence BTC price action. US BTC-Spot ETF Market Eyes Three-Day Outflow Streak Recent US BTC-spot ETF market flows suggest a shift in sentiment toward BTC\u2019s price trajectory. On February 19, the US BTC-spot ETF market registered $64.1 million in net outflows. US BTC-spot ETFs faced outflows for the third straight day on February 20. According to Farside Investors, February 20 ETF flows were as follows: ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $98.3 million. Grayscale Bitcoin Mini Trust (BTC) reported net outflows of $61.1 million. Grayscale Bitcoin Trust (GBTC) had net outflows of $33.5 million. Excluding iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), the US BTC-spot ETF market reported total net outflows of $168.8 million, continuing a gloomy February. As of February 19, the US BTC-spot ETF market had net outflows of $501.2 million for the month, potentially marking the first monthly outflows since August 2024. Key Factors Influencing BTC-Spot ETF Demand: US Tariffs: BTC dropped from $105.993 to a February low of $91,274 after President Trump announced tariffs on Canada, China, and Mexico. Tariffs could increase US import costs, fueling inflation concerns. Fed Rate Path: Fed Chair Powell, the FOMC Meeting Minutes, and US economic data signal a more hawkish Fed stance. Slow progress toward a US Strategic Bitcoin Reserve (SBR). Despite the silence on a US Strategic Bitcoin Reserve (SBR), markets remain optimistic that BTC could become a US strategic reserve asset, cushioning BTC\u2019s downside. If the Bitcoin Act passes through Congress, the US government could tilt the supply-demand balance back in BTC\u2019s favor. The Bitcoin Act proposes the US government acquire one million BTC over five years, with a 20-year mandatory holding period. Bitcoin Price Outlook On February 20, BTC advanced by 1.93%, adding to Wednesday\u2019s 0.79% gain, closing at $98,251. In Friday\u2019s session, US services PMI data could influence sentiment toward the Fed rate path and BTC-spot ETF demand. Key BTC Price Scenarios: Bearish: Higher US Services PMI, rising tariff threats, and government resistance to a US SBR could drag BTC toward $90,000. Bullish: Softer US services sector data, easing trade tensions, and progress toward a US SBR may push BTC toward its all-time high of $109,312. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":35867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-35866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t