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Phemex Crypto Market Daily: Bitcoin Slides on ETF Outflows, Altcoins Rally as US CPI Data Looms (Feb 13)
Key Takeaways:
1. Macro Environment US CPI and PCE data show moderating inflation, supporting a stable Fed rate outlook and boosting crypto sentiment. The SEC and CFTC are shifting toward clearer, collaborative crypto regulation, enhancing market transparency. Thailand's SEC approved crypto as underlying for regulated derivatives, expanding institutional access and aligning with global standards. 2. Crypto Market The crypto market saw mixed performance over the past 12-24 hours. Bitcoin (BTC) fell 1.0% to $67,260, pressured by $410M ETF outflows and weak spot demand. Ethereum (ETH) dipped 0.4% to $1,974 but showed resilience, supported by strong staking inflows and DeFi activity. Altcoins were led by KITE (KITE, +14.9%), Decred (DCR, +12.7%), and Humanity Protocol (H, +11.0%), all posting double-digit gains on high volume and renewed investor interest. Meme and DeFi sectors outperformed, while major tokens like BNB and XRP lagged amid risk-off flows. 3. Today's Outlook Key events today include the US release of January CPI and PCE data and a Federal Reserve official's speech, both likely to impact USD and risk assets. Watch for volatility in crypto markets as traders react to macroeconomic signals and regulatory developments.
