Key points:
- Bitcoin prices stay flat Monday
- Not much on deck for week ahead
- Trump and Musk to discuss bromance
It was a quiet weekend of dormant trading leading up to a fairly quiet week ahead with no groundbreaking news on deck.
😑 Bitcoin’s Uneventful Weekend
- Bitcoin prices BTCUSD were hugging the flatline early Monday with traders still sleepy after an uneventful weekend. The OG token was going for about $97,000 a piece this morning, apparently not making any interesting moves that would drive some investor enthusiasm.
- Over the past couple of weeks, Bitcoin hasn’t been of a particular interest to money spinners as its prices have been moving in a long straight stretch with nothing scenic about it.
👀 What’s Coming This Week?
- Going further back, Bitcoin is now down about 11% from its all-time record of $109,000 made in January when the postelection rally hit fever pitch. With the animal spirits now largely in the rearview, traders are hungry for some market-moving news. When are these coming?
- Not this week, most likely — unless something truly extraordinary happens. The next five days are pretty dry on scheduled economic events.
🎙️ Trump and Musk Interview
- The biggest highlight of this week is Wednesday’s release of the Federal Reserve’s meeting minutes. The Fed met three weeks ago to say that interest rates are staying where they are with Jay Powell striking a cautious note on future interest rate cuts.
- There’s also an interview with Donald Trump and Elon Musk that’s expected to air February 18. The President and his super close sidekick will likely be talking cost cuts and tariffs with some time dedicated to how the media is trying to drive them apart.
