Quick Recap of Global and Crypto Market Trends in 1 Minute 12.02.2024

You can read the summary of markets report in 1 minute, which we have compiled daily important news about crypto money markets, global market news and domestic markets.


  • Bitcoin continued its upward trend for the seventh consecutive trading day, approaching $49,000. Thus, Bitcoin tested its highest level in the last month.
  • After the huge rise in PANDORA from $600 to $30,000 last week, an investor made a 30-fold profit from the token called MINER within hours. Insider trading discussions have begun.
  • XX Network announced that it is collaborating with Worldcoin, the privacy-focused project of OpenAI CEO Sam Altman. XX Network was eligible to participate in the grant program distributed by Worldcoin. Additionally, more than 1000 applications were received for Worldcoin’s Wave0 grant program.
  • Crypto analysis platform Glassnode shared that on-chain indicators used to evaluate Bitcoin price have entered the “high risk” zone and indicate that the cryptocurrency may be in the early days of a bull market.
  • While the USA is preparing for the Presidential elections to be held in November 2024, current President Joe Biden made fun of Republicans with his “Laser eye” post.
  • To escape strict market controls and high inflation of the Argentine peso, Argentines began using secret exchanges, known locally as “crypto caves,” to buy stablecoins.
  • Web3 security company Blowfish announced on February 9 that it has detected two new Solana drainers that can perform bit-flip attacks.
  • According to the latest news from Reuters, based on unpublished UN documents, an independent sanctions committee is conducting the investigation into North Korean hacking groups at the United Nations.
  • News of a $1.26 million investment came to Ginger Joy, the product of UK-based mobile developer Matchingham Games. The company plans to develop an ecosystem of blockchain-based mobile games with $1.26 million in funding.
  • Pendle, a decentralized finance (DeFi) platform that offers returns in the form of fungible digital tokens, reached $990 million in total value locked (TVL), according to DeFiLlama data.


  • In money markets, the probability that the Fed will start reducing interest rates in March is priced at 22 percent and for May at 66 percent.

Global Markets

  • Global markets started the week cautiously, which will be followed by a busy macroeconomic data calendar, especially inflation in the USA.
  • On Friday, US inflation data was revised. The US Department of Labor reduced the increase in the Consumer Price Index (CPI) in December from 0.3 percent to 0.2 percent. Core inflation, which excludes food and energy items, remained the same.
  • On the last trading day of last week, the Nasdaq index on the New York Stock Exchange gained 1.25 percent in value, making its highest daily closing since November 2021, while the S&P 500 index renewed its peak with an increase of 0.57 percent. Dow Jones index decreased by 0.14 percent. Index futures contracts in the USA started the new week with a mixed course.
  • While the negative trend in European stock markets, excluding Italy, stood out on Friday, the intense data agenda became the focus of investors this week.
  • On the Asian side, no transactions took place in China, Hong Kong, Japan and South Korea due to the New Year Holiday.
  • The barrel price of Brent Oil is traded at $81.57 in international markets.

Technology and Stocks

  • Technology giant Google has changed the name for its artificial intelligence chat application Bard. Google has changed the name of its artificial intelligence chat tool Bard to Gemini.
  • Unfortunately, Apple’s long-awaited mixed reality glasses were hacked even though they were on sale just a few days ago. J.R., a microarchitecture security doctoral student at MIT, recently shared that he hacked the product by detecting a critical kernel vulnerability in the mixed reality glasses’ operating system, VisionOS.
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