Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Bitcoin Price Claims $98K

BTC price gained over 1% in the past 24 hours, closing in at $98,344. The flagship crypto’s intraday low and high were $96,805.78 and $98,767.19, respectively.

Bitcoin Boosted a Bit by Dovish Comments From Fed's Bostic

In the process of giving up on the chance of any Federal Reserve rate cuts in 2025, investors Thursday got a modest dovish surprise from Atlanta Fed President Raphael Bostic.

"I view the employment outlook as stable, but signs of slowing are accumulating," said Bostic in an essay. He noted that it's become harder for unemployed workers to find a job than a few months ago and job finding probabilities are lower now than they were prepandemic. "Consequently," said Bostic, "the average stint of unemployment is about three weeks longer than it was in August."

He's also expecting moderating inflation readings as the slowdown in rent increases being seen on platforms like Zillow and Redfin work their way into government price statistics.

Bostic called the current monetary stance of the Fed moderately restrictive and said he expects two interest rate cuts in 2025.

Strategy prices $2B convertible senior notes offering

Strategy (NASDAQ:MSTR) announced the pricing of $2B aggregate principal amount of its 0% convertible senior notes due 2030 in a private offering.

The initial purchasers of the notes have the option to buy up to an additional $300M in notes within five business days of the first issuance.

The notes will not bear regular interest, and the principal amount of the notes will not accrete.

The offering is expected to close on February 21, 2025.

Donald Trump Reaffirms Plan to Make U.S. the Global “Crypto Capital”

President Donald Trump restated his claim that he intends to make the United States a global “crypto capital” at the Future Investment Initiative Institute conference—financed by Saudi Arabia’s sovereign wealth fund—in Miami on Wednesday night.

“Bitcoin set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” Trump said.

“We want to stay at the forefront of everything, and one of them is crypto,” he continued. “Miami seems to be at the center of the action, come to think of it, and maybe it’ll stay there.”

Bitcoin Spot ETF Flow

On Feb 20 (Eastern Time), the total net outflow for Bitcoin spot ETFs was $364.93 million, according to SoSoValue data.

The Bitcoin spot ETF with the highest net inflow on Feb 20 was Bitwise Bitcoin ETF , with a net inflow of $24.14 million. Following that was VanEck Bitcoin Trust ETF , with a net inflow of $4.18 million.

As of now, the total net asset value of Bitcoin spot ETFs is $114.86 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.88%.