Highlights:
- Bitcoin prices remain stable on Monday
- Not much to anticipate for the upcoming week
- Discussion between Trump and Musk about their camaraderie
The trading environment remained subdued over the weekend, setting the stage for a relatively uneventful week ahead without significant news on the horizon.
😑 Bitcoin’s Lackluster Weekend
- Bitcoin prices
BTCUSD hovered near the flatline early on Monday, with traders still recovering from a low-key weekend. The original cryptocurrency was priced at approximately $97,000 today, showing no dynamic movements that would rekindle investor interest. - In recent weeks, Bitcoin has faded from attention as its prices have maintained a prolonged, uneventful trajectory with little excitement to note.
👀 What to Expect This Week?
- Looking back, Bitcoin currently stands around 11% lower than its all-time high of $109,000 recorded in January during the post-election surge. With much of the market enthusiasm dissipated, traders are eager for impactful news. When might that occur?
- It’s unlikely to happen this week unless something remarkable unfolds. The next five days appear relatively barren in terms of scheduled economic events.
🎙️ Trump and Musk Discussion
- A highlight of the week will be Wednesday’s publication of the Federal Reserve’s meeting minutes. The Fed convened three weeks ago and indicated that interest rates will remain unchanged, with Jay Powell maintaining a cautious stance on potential future rate cuts.
- Additionally, an interview featuring Donald Trump and Elon Musk is set to air on February 18. The two will likely discuss budget reductions and tariffs, while addressing media narratives attempting to create division between them.
