Binance Acquires $1 Billion in Bitcoin While US Inflation Drops; BTC Faces Challenges
Crypto News/Markets

Binance Acquires $1 Billion in Bitcoin While US Inflation Drops; BTC Faces Challenges

Despite a drop in US inflation, Bitcoin's price faces challenges as Binance makes a significant Bitcoin purchase.

Bitcoin has struggled to find momentum over the past week, as attempts at price breakthroughs were quickly thwarted. Although it rebounded after experiencing significant losses earlier, it remains far below its highs from Q4 2025.

This past week featured the following key events:

  • Bitcoin’s Recent Performance: After facing a major drop culminating in it dipping to $60,000, Bitcoin managed to recover by $12,000, reaching $72,000 for a brief moment. However, bearish forces soon took over, pushing it back to $66,000 by Wednesday and to $65,000 by Thursday.
  • US CPI Release: In a slight silver lining, the US CPI data for January indicated a cooling of inflation, which allowed Bitcoin to bounce back to $67,600.
  • Market Movements: While Bitcoin traded around $66,000, some altcoins faced declines, such as XRP, BNB, HYPE, and SOL; conversely, BCH, XMR, and HBAR experienced gains of up to 9.5%.

Market Data

  • Market Cap: $2.37T
  • 24H Volume: $110B
  • BTC Dominance: 56.7%

Recent Major News:

  1. Binance Acquires $1B in Bitcoin: The exchange has converted its $1 billion SAFU fund entirely into Bitcoin, totaling 15,000 BTC over the past few weeks.
  2. BlackRock Partners with Uniswap: The partnership has seen UNI token prices surge by 40%.
  3. Struggles in Stablecoin Yield Discussions: Despite no agreement on stablecoin profits among banks and the crypto industry, the talks were described as “productive.”
  4. Robinhood Enters Layer 2 Space: The US-based trading platform has launched a public testnet for its blockchain network aimed at tokenized assets.
  5. Notable Comments by Robert Kiyosaki: The author stated he believes Bitcoin is a better investment than gold, surprising many in the crypto community.

Key Cryptocurrency Prices This Week:

  • BTC: $67,200 (-0.06%)
  • ETH: $1,970 (+1%)
  • XRP: $1.38 (-3.7%)

For Full Chart Analyses of various cryptocurrencies, click here.

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