Market Update - Monday, February 9

- Bitcoin remains steady around $70,000, with altcoins showing similar trends. Market sentiment index has increased from 7 to 14.

- The White House will hold a second meeting with crypto and major banking representatives tomorrow to address issues related to the CLARITY Act.

- The CFTC is expanding regulations to allow national trust banks to issue USD stablecoins under the GENIUS Act framework.

- Illinois has proposed a community Bitcoin bill managed by the state, which will be stored in a multi-signature cold wallet.

- Michael Saylor revealed plans to acquire more Bitcoin this week. His strategy currently holds 713,502 BTC, valued at approximately $49.5 billion.

- An anonymous wallet transferred 2,565 BTC, worth around $181 million, to Satoshi Nakamoto's wallet two days ago, with the reason still unclear.

Event Calendar

- February 10, 20:30 UTC: US Retail Sales for December

  - Retail Sales m/m (Forecast = 0.4%, Previous = 0.6%)

  - Core Retail Sales m/m (Forecast = 0.4%, Previous = 0.5%)

- February 11, 20:30 UTC: US Nonfarm Employment Data for January

  - Jobs Added (Forecast = 70K, Previous = 50K)

  - Unemployment Rate (Forecast = 4.4%, Previous = 4.4%)

- February 13, 20:30 UTC: US CPI Inflation Data for January

  - CPI Inflation Y/Y (Forecast = 2.4%, Previous = 2.7%)

  - Core CPI Inflation Y/Y (Forecast = 2.5%, Previous = 2.6%)

Token Unlocks

- February 10: Aptos will unlock 11.31 million $APT (0.69% of circulating supply), valued at $12.09 million.

- February 11: Avalanche will unlock 1.67 million $AVAX (0.32% of circulating supply), valued at $15.15 million.

- February 15: Connex will unlock 1.32 million $CONX (1.56% of circulating supply), valued at $15.72 million.

- February 15: Starknet will unlock 127 million $STRK (4.61% of circulating supply), valued at $6.28 million.

- February 16: Arbitrum will unlock 92.65 million $ARB (1.82% of circulating supply), valued at $10.80 million.