Bitcoin price today (February 8): $ 10,000 is no longer out of reach, the Fed is researching the digital dollar

Hopes are rekindled when prices Bitcoin Continued positive developments in recent days.

In the past few hours, although the gaining momentum has temporarily halted at the threshold of 9,700 USD, recent signals that a breakout above 10,000 USD is quite likely to happen.

As cryptocurrency analyst Eric Hoka tweeted that “given some technical signals and the halving event of bitcoin is approaching, I believe bitcoin will soon retest the $ 10,000 mark this month, even $ 15,000. It must be hard when halving is near. ”

Bitcoin price movement over the past 24 hours
Bitcoin price movement over the past 24 hours

Bitcoin exchange rate Today (8/2) recorded at 10h00 at 9,734 USD, an increase of 0.57% compared to the previous 24 hours.

The price of bitcoin over the past 24 hours has ranged from a low of $ 9,714 to $ 9,872. Bitcoin's market capitalization is recorded at $ 176 billion, accounting for 64.3% of the total market value.

The red market today covered, with up to 74/100 leading currencies at a discounted market value compared to the past 24 hours. The most significant decrease was found in Molecular Future with 16.90%.

Overview of the cryptocurrency market
Overview of the cryptocurrency market

In the top 10, up to 9/10 coins recorded a decrease compared to the previous 24 hours.

Top 10 cryptocurrencies by market capitalization
Top 10 cryptocurrencies by market capitalization

The total market capitalization of cryptocurrencies recorded at 10 am at 275.56 billion USD, down 2 billion USD from the previous 24 hours.

Total market capitalization of cryptocurrencies
Total market capitalization of cryptocurrencies

24-hour trading volume plummeted to $ 124.99 billion, down $ 15 billion from February 6.

The Fed is studying possibilities for digital dollars

The US Federal Reserve, the country's central bank, is studying the feasibility of issuing its own digital currency, according to governor Lael Brainard.

"With the important role of the dollar, we need to be at the front line in research and policy development related to CBDC (central bank digital currency)," Ms. Brainard said at the conference on pay at the Stanford Graduate School of Business (Stanford GSB) in California.

She went on to say that the Fed, like other central banks, is researching on blockchain technology and its applicability as a digital currency, "including the possibility of banking digital currencies. center".

"We are working with other central banks as we increase our understanding of central bank digital currencies," she said.

The Japanese legislator will make a proposal on the issuance of digital currencies

A group of about 70 lawmakers from the ruling Liberal Democratic Party in Japan will detail the national digital currency proposal on Feb. 7.

Mr. Norihiro Nakayama, member of the party and Deputy Minister of Foreign Affairs of Japan answered Bloomberg 6/2. He said Japan needs to support the Federal Reserve (Fed) to test the potential impact of the Chinese yuan as planned.

“We feel the digital currency is a challenge to the global reserve currency system and the monetary authority.

Without the US, we cannot resist China's efforts to challenge existing knit currency currencies and international clearing systems, ”Mr. Nakayama said.


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