U.S. February S&P Global Services and Manufacturing PMI preliminary figures both below expectations

Bitcoin ETF outflows for five consecutive weeks, market waits anxiously for NVIDIA earnings report

Last week, the US stock market experienced volatility due to profit concerns over AI software stocks and the Supreme Court's tariff ruling. Bitcoin ETFs saw five consecutive weeks of outflows, indicating a cautious attitude toward risk assets. Market focus has shifted to NVIDIA's upcoming earnings report and the US January PPI data, which are expected to provide important clues about the economic outlook.

Bitcoin is increasingly linked to the macroeconomic cycle after adjusting for US employment data.

Recent adjustments to U.S. labor market data have significantly altered economic outlooks, reducing job numbers by 862,000. This unexpected change weakened short-term growth expectations and prompted investors to reassess future policy directions. Declining inflation pressures have led to lower bond yields and favorable global financial conditions, causing Bitcoin to rise alongside traditional assets. This indicates a structural shift in Bitcoin's market behavior, as it increasingly responds to macroeconomic factors rather than solely crypto-specific news.

MARA Acquires Exaion, Expands AI and Cloud Footprint

MARA Holdings has acquired 64% of Exaion, cementing its push into AI and cloud services amid Bitcoin mining challenges. As mining margins tighten, firms are pivoting to hybrid models, leveraging AI for stable revenue along with traditional mining operations.

Bitcoin spot ETF experiences five consecutive weeks of net outflows, with a total withdrawal of $3.8 billion

U.S. Bitcoin spot ETFs have experienced net outflows for five consecutive weeks, totaling approximately $3.8 billion, reflecting institutional risk reduction and position adjustments. Meanwhile, Ethereum spot ETFs are also facing net outflows. Market opinions suggest that if macroeconomic data weakens, digital asset ETFs could see a return of funds.

Rial plummets, Iranians rush to transfer money into crypto

In 2026, the Iranian rial faces a severe decline and inflation erodes savings, causing the middle class to lose faith in banks. Many families turn to cryptocurrencies like Bitcoin and stablecoins to preserve value, reminiscent of Lebanon's 2019 financial crisis.

American private credit giant Blue Owl Capital announces the sale of approximately $1.4 billion in loan assets

Blue Owl Capital announces the sale of $1.4 billion in loan assets to meet investor redemption demands, causing its stock price to drop nearly 15%. Experts warn that excessive expansion in the private credit market could trigger systemic risks. If the central bank cuts interest rates, it could bring new momentum to Bitcoin and the crypto market.