Bitcoin, near $ 21,700 ─ Pay attention to the US CPI announced tomorrow | coindesk JAPAN | Coindesk Japan

Bitcoin (BTC) fell 1.4% over a 24-hour period to close to $21,640 on the 13th, ahead of the official move against stablecoins and the release of inflation data scheduled for the 14th. Around 21,700 at around 1:50).

Bitcoin has fallen about 9% so far in February, losing about a quarter of its January gains. Some analysts expect the digital currency to find support near $20,000 in the coming weeks.

The New York State Department of Financial Services (NYDFS) said Monday that Binance USD (BUSD) is not being managed in a “safe and sound” manner, and ordered issuer Paxos to stop issuing new BUSD. BUSD is discounting rival Tether (USDT) by 0.9950 cents on cryptocurrency exchange Binance, according to cryptocurrency data firm Kaiko.

Bitcoin has been declining since the beginning of February, but on the 9th, it was reported that the cryptocurrency exchange Kraken had suspended its staking service in the United States and paid the SEC a $30 million settlement. spurred a decline. Investors are keeping an eye on January’s consumer price index (CPI), which is due to be released tomorrow on the 14th.

“The news flow is rather bearish for crypto assets and we must not forget that tomorrow’s inflation report could unexpectedly rise and pose a problem for risk assets. may break the critical $20,000 level and target around $18,500,” said Oanda’s Edward Moya.

Ethereum (ETH) is also down 3.1% over a 24-hour period near $1,490. It is the lowest price in about a month. The CoinDesk Market Index (CMI) fell 2.8%.

(Coindesk Research)

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: CoinDesk
｜Original: Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation