Bitcoin continues to move sideways with price just hovering 23,000 - 22,300 throughout the day. According to a Cointelegraph report, 100K BTC options is set to expire on Friday and this can contribute to market volatility in the next days. Looking at the technicals, the 10-EMA trail around 21,800 now stands as an immediate support in the 1D chart as price managed to bounce around this area during its dip yesterday. The trail is evidently holding well and a continuation of the run up is still in the cards if price could sustain a reclaim around key resistance 23,800 - 24,000. Otherwise, a fall below the 10 EMA trail could push price to test 21,000 - 20,000 area.

Global market cap is at $632B, while BTC's market cap is at $423B.

Scaramucci’s SkyBridge files with SEC to launch Bitcoin fund
Anthony Scaramucci’s SkyBridge Capital has filed with the SEC to launch a Bitcoin fund.

SkyBridge Capital, Anthony Scaramucci's multi-billion-dollar hedge fund, has submitted a formal application with the US Securities and Exchange Commission (SEC) to launch a new Bitcoin (BTC) fund. The proposal lists "SkyBridge Bitcoin Fund L.P." as the issuer and "SkyBridge Bitcoin Fund GP LLC" as a related person. SkyBridge declined to disclose the size of targeted investment, but the minimum from any individual investor will be $50,000.  The hedge fund would only be available to accredited investors, as the offering would take place under the SEC's Reg' D exemption.

MicroStrategy Announces Over $1B in Total Bitcoin Purchases in 2020
MicroStrategy’s business analytics and mobility platform helps enterprises build and deploy analytics and mobility apps to transform their business.

Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash again, purchasing 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin. The firm announced its intention to buy more BTC earlier this month with a $400 million debt security sale to raise funds for the purchase. The bond sale ultimately brought in the $650 million that was used to buy BTC. MicroStrategy now holds a total of 70,470 BTC, bought at an average price per BTC of $15,964. This makes the company the fifth-largest individual hodler of Bitcoin, one place ahead of the US government.

CME Group to Launch Ether Futures on February 8, 2021 - CME Group
View all press releases pertaining to events in the CME Group derivatives markets. Keep up with product launches, trade records, and more.

The Chicago Mercantile Exchange (CME), has announced its plan to launch Ethereum (ETH) futures. According to the CME, the decision for ETH futures came up due to strong client demand and a clearly articulated market. In addition, a CME representative told Cointelegraph that the listing of ETH futures on a regulated exchange will help investors hedge their exposure in the cash market. The product is planned to launch on February 2021, according to CME.

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