Bitfinex alpha | Tether will work with Reelly Tech to introduce payments with Stablecoin USDT in real estate transactions.

February 12th Bitfinex alpha | Tether will work with Reelly Tech to introduce payments with Stablecoin USDT in real estate transactions.

Bitcoin passed a price range of $91,000 to $102,000, extending the accumulation phase as global geopolitical tensions increased.

However, the action that fluctuates within this extension reflects an increase in Bitcoin’s maturity as a property, with the actual annual fluctuations reaching record lows. However, the BTC is extremely sensitive to macroeconomic development, especially after Trump’s tax notices target Mexico, Canada and China.

BTC/USD 6-hour chart. (Source: Bitfinex)

Recent trends indicate that BTC is viewed as an increasingly “dangerous” asset than pure value storage. The correlation with the S&P 500 remains strong, and its relationship with gold is weakening. Bitcoin has increased 3.5% since the beginning of the year, but gold has risen 9%, reaching a new high at $2.880 per ounce. The rising gold price added $1.5 trillion to its market capitalization this year, far surpassing Bitcoin’s $66.5 billion increase. This difference is motivated by transactions purchased from national asset organizations and funds, largely ignoring Bitcoin due to concerns about regulations and fluctuations.

However, there may be changes. Currently, a Bitcoin ratio of over $196 is held by ETF funds, private companies, listed companies, and even countries. As central banks are increasing the risk of money supply and legal currency depreciation, the talk of fixed supply of Bitcoin is becoming more appealing than ever.

It predicts vibrational behavior within the organizer’s range will continue in the short term and has the ability to withstand pressure if macro conditions deteriorate. But in our perspective, even when gold continues to increase and the organizational psychology for Bitcoin’s change continues to increase, the long-term vision of Bitcoin’s valuable storage value is unharmed .

Overview of employment opportunities and labor rotation in the United States

Data will affect future central bank decisions. The US job market shows signs of slowing down in January, creating 143,000 new jobs, but increased adjustments from data from past few months that have strengthened labor market sustainability. The unemployment rate is stable at 4%, reflecting the stable workforce supported by immigrant growth. Salaries in January increased by 0.5% and 4.1% per year, continuing to promote consumer spending, with the main factor promoting economic activity.

However, increased labor costs and lower productivity growth could contribute to inflationary pressures, complicating Federal Reserve’s interest rate decisions. Meanwhile, after a 30-day tax suspension order, trade tensions between the US and Canada will be temporarily eased, but as the trade dispute has not been resolved, the instability is still there, interrupting the supply chain. , can boost consumer prices.

Job growth is declining, unemployment benefits increase, and trade risks continue to cause instability in the future economic outlook. Workforce dynamics for the coming months.

The cryptocurrency industry is still optimistic. After SEC President Gary Jensler left the office, there has been a wave of ETF approvals related to cryptocurrency, with over 45 operational applications. ). The SEC will focus on assessing these applications based on market stability, particularly liquidity and operational capabilities. At the same time, the Future Products Committee (CFTC) is also promoting regulations debate, organizing CEO forums under big names such as Circle, Coinbase, and Ripple.

The purpose of this initiative is to gather opinions on Stablecoin Management and collateral pilot programs, reflecting efforts to build a structured monitoring framework in the digital property space.

Once progress is discussed, the application of cryptocurrency continues to expand into traditional industries. In the United Arab Emirates, we have collaborated with Reelly Tech to introduce payments with Stablecoin USDT in real estate transactions. This cooperation coincides with the growing reputation of the UAE as a global cryptocurrency centre, where sales of “off-plan” real estate have soared to reflect investors’ strong interest.

Regarding recovery, FTX has announced its initial distribution plan for creditors after the recombination plan under Chapter 11 was approved. Payments will be launched on February 18, 2025 via Bitgo and Kraken, marking important milestones in efforts to compensate for the damage to affected customers. The asset recovery process is still happening, but this is a positive signal when dealing with the consequences of FTX collapse.

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