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The latest US core Consumer Price Index (CPI) print, a measure of inflation, came in lower than expected at 3.1%, beating expectations of 3.2%, with a corresponding 0.1% drop in headline inflation figures. https://cointelegraph.com/news/us-cpi-lower-expected-rate-cuts-coming
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Today in crypto, OKX is reportedly under scrutiny from European Union regulators for allegedly facilitating the laundering of funds from the Bybit hack. Meanwhile, analysts warn that Ether’s price could face further declines as ETF outflows and mounting macroeconomic concerns put pressure on the market. Additionally, Mt. Gox has made its second Bitcoin transfer in a week https://cointelegraph.com/news/what-happened-in-crypto-today
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A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. https://cointelegraph.com/news/californian-regulator-warns-7-new-crypto-ai-scams
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Utah’s Bitcoin bill has passed the state Senate, but without its cornerstone, a clause that would have made it the first US state with its own Bitcoin reserve. https://cointelegraph.com/news/utah-senate-passes-bitcoin-bill-but-removes-reserve-clause
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Today in crypto, the Bitcoin community shares mixed reactions to White House Crypto Summit, the White House Crypto Summit marked a “truly historic day at the White House,” according to Crypto.com CEO Kris Marszalek, and the US Office of the Comptroller of the Currency (OCC) has reduced “the burden” on how US banks can engage with crypto-related activities. https://cointelegraph.com/news/what-happened-in-crypto-today
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United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. https://cointelegraph.com/news/us-stablecoins-ensure-dollar-hegemony-scott-bessent
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Bitcoin has plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve. https://cointelegraph.com/news/bitcoin-plunges-trump-strategic-bitcoin-reserve-eo
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US Customs and Border Protection (CBP) authorities have reportedly started releasing Chinese-made crypto miners after months of being held up at ports of entry across the United States. https://cointelegraph.com/news/us-customs-releasing-seized-crypto-miners-report
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El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. https://cointelegraph.com/news/el-salvador-president-bukele-bitcoin-buying-to-continue-imf-deal
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Crypto exchange Coinbase is seeking to discover how much the US Securities and Exchange Commission spent on enforcement action against crypto firms. https://cointelegraph.com/news/coinbase-files-foia-how-much-sec-war-on-crypto-cost
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Bitcoin dominance slipped from 55.4% to below 50% in the hours after US President Donald Trump initially announced the country would include XRP, Solana and Cardano in its “Crypto Strategic Reserve.” https://cointelegraph.com/news/bitcoin-dominance-shrinks-trump-announces-crypto-reserve
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The US spot Bitcoin exchange-traded funds recorded a $94.3 million inflow on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin made a partial recovery toward $85,000. https://cointelegraph.com/news/bitcoin-etfs-see-first-inflow-day-in-nine-trading-days-as-bitcoin-recovers
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The Bitcoin sell-off, which dominated a majority of the weak, appears to be easing off, with BTC price making a recovery back in the $80,000 range to reach an intra-day high at $85,120. https://cointelegraph.com/news/bitcoin-spot-and-margin-longs-push-btc-to-85-k-but-the-bottom-isn-t-in-yet
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Bitcoin’s price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful, according to the founder of a crypto fund. “Some broader macro data still looks poor, but it also wouldn’t surprise me if we put in a near-term floor locally given the significant level of fear and liquidations,” Bitcoin analyst and digital asset fund Capriole Investment founder Charles Edwards told Cointelegraph. https://cointelegraph.com/news/bitcoin-price-near-term-floor-crypto-market-sentiment
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Bitcoin’s sell-off continued for a third consecutive day as the price dropped to lows not seen since Nov. 11, 2024. At the peak of the correction, BTC BTC $83,870 briefly traded at $82,256 before finding buyers but data suggests that further downside could occur before the market stabilizes. Independent market analyst Scott Melker posted the following chart and said, https://cointelegraph.com/news/bitcoin-bottom-isn-t-in-traders-target-74-k-zone-as-trump-eu-tariff-threat-destroys-markets
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Today in crypto, the US Securities and Exchange Commission has reportedly dropped its investigation into Uniswap. CryptoQuant CEO Ki Young Ju has predicted a selective altcoin season in 2025. Elsewhere, Bitcoin and the broader markets slumped as US President Donald Trump said the tariffs aimed at Canada and Mexico are “on schedule.” https://cointelegraph.com/news/what-happened-in-crypto-today
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Lawmakers in South Dakota’s legislature deferred a vote that could have allowed the US state to invest in Bitcoin — effectively killing the bill. In a Feb. 24 meeting of the state’s House Commerce and Energy Committee, the majority of lawmakers present voted to defer HB 1202 to the 41st day of South Dakota’s legislative session. Because the legislature has no more than 40 days in a session, the motion effectively killed the current version of the bill, which proposed “[permitting] the state to invest” in Bitcoin https://cointelegraph.com/news/south-dakota-bitcoin-reserve-bill-deferred
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Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. https://cointelegraph.com/news/44-percent-us-spot-bitcoin-etfs-buying-hodling
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Just after the crypto industry achieved a milestone victory in the Coinbase-SEC lawsuit on Feb. 21, Bybit crypto exchange suffered the largest security breach in crypto history. https://cointelegraph.com/news/bybit-hack-security-execs-weigh-in
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. https://cointelegraph.com/news/what-happened-in-crypto-today
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