Crypto Daybook Americas: Inflation Data May Shake Out Bitcoin's Doldrums as Demand for BTC Picks Up

Quick Summary:

Trump to Tap Former CFTC Commissioner, a16z Policy Head Brian Quintenz for CFTC Head (CoinDesk): Brian Quintenz, a former commissioner of the Commodity Futures Trading Commission (CFTC) and a crypto advocate, has reportedly been chosen by President Trump to be the agency's chairman.

Bitcoin’s Coinbase premium, which measures the difference between BTC’s price on the U.S.exchange and Binance, recently turned negative, suggesting U.S.traders are cautious about the upcoming inflation report.

A higher-than-expected inflation report could suggest “monetary policy has more work to do” Dallas Fed President Lorie Logan said in a speech last week.

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Article Details

Author / Journalist: Francisco Rodrigues, Shaurya Malwa

Category: Crypto

Markets: United StatesCubaHong KongJapan

Topics: Crypto Daybook Americas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 12:00:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1449 words

Reading Time: 9 minutes read

Sentences: 49 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26102973

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Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 8 hours ago

Coverage Areas: United States

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