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Grass token price rose for three consecutive days, reaching its highest level since Feb. 23 as network data activity increased. Grass (GRASS) surged to a high of $2.10, up 122% from its lowest point this year, giving it a market cap of over $500 million. The ongoing rally is driven by the amount of data scraped daily. After surpassing 1 million gigabytes on Feb. 15, the figure rose to a new high of 1.32 million gigabytes on Wednesday. This data has been on a strong upward trajectory, considering it started the year at 2,600 gigabytes. Grass has continued expanding its network by scraping over 109.7 million IP addresses and indexing 4.47 billion URLs since its inception. Grass data scrapped | Source: Grass You might also like: Bitcoin price down 12% this week as fear index plummets to 2022 levels The network has made significant efforts to achieve these metrics. It launched the Grass Sion upgrade earlier this month, enhancing its ability to scrape and process multimodal web data. The upgrade also improved its scraping algorithms, introduced horizontal computing scaling, and increased its scaling capacity to 1 petabyte per day. Grass Sion Upgrade– Network upgrade that significantly enhances @getgrass_io network's capability to scrape and process multimodal web data (text, images, and 4K video) at scale.– Improved scraping algorithms without additional compute, leading to a major increase in data… pic.twitter.com/yE6ZFU5VMB — R🐮 (@Ren_gmi) February 6, 2025 Grass plans to have a bigger year than in 2024, when its user base grew from 0.2 million to 3 million. In addition to the Sion upgrade, the developers aim to launch a standalone web app and deprecate the Chrome extension. Grass price forecast Grass price chart | Source: crypto.news The daily chart shows that the GRASS token price bottomed at $0.9130 in January before rebounding to the current level of $2. It has moved slightly above the 25-day moving average, a positive sign. Most importantly, Grass price has formed a megaphone pattern, characterized by two ascending and diverging trendlines. This pattern often signals a strong bullish breakout, which, in this case, would be confirmed if the price rises above the upper resistance level at $2.30. Such a breakout could signal further gains, potentially pushing the price toward its all-time high of $3.9170, representing a 96% increase from the current level. However, a drop below the lower support level of $1.60 would invalidate the bullish outlook. You might also like: LUNC price could surge 300% as burn rate soars, but there’s a catch

Bitcoin $BTC rebounds 5% as analysts predict market recovery in March Bitcoin rose 5%, surpassing $82,000, following the release of PCE inflation data, which aligned with expectations and eased market concerns. According to Cointelegraph, analyst Julien Bittel suggests that tight financial conditions are already priced in, with macro trends expected to improve in March, potentially driving a BTC recovery. Bitcoin’s RSI at 23 indicates oversold conditions, the lowest since August 2023.

Breaking: US core PCE inflation declines to 2.6% in January as expected 02/28/2025 13:52:00 GMT|ByFXStreet Team Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.5% in January from 2.6% in December, the US Bureau of Economic Analysis reported on Friday. The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. This print came in line with the market expectations. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated

ANNUAL INFLATION : In the US, annual inflation is measured by the change in the Personal Consumption Expenditures (PCE) . Price Index declined to 2.5% in January from 2.6% in December . PCE PRICE INDEX: The core PCE Price Index, which excludes volatile food and energy prices, increased 2.6% on a yearly basis in January, down from 2.9% in December. MONTHLY REPORT: On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%, as anticipated. MARKET REACTION TO PCE The PCE inflation data don't seem to be having a noticeable impact on the US Dollar's (USD) valuation. At the time of the press, the USD Index was up 0.04% on the day at 107.33. RECORDED DATA OF PCE INFLATION The core PCE Price Index, which excludes volatile food and energy prices, is projected to rise 0.3% on a monthly basis in January, following the 0.2% increase recorded in December. Over the last year, the core PCE inflation is forecast to soften to 2.6% from 2.8%. Meanwhile, the headline annual PCE inflation is seen retreating to 2.5% from 2.6% in the same period.  CENTRAL BANK CAN'T CHANGED INTEREST RATES Following a 25 bps cut in December, lowering the Fed’s policy rate to the 4.25%-4.50% range, the central bank kept interest rates unchanged in the January decision. In the meeting Minutes released on February 19, the central bank removed earlier language suggesting inflation had "made progress" toward its 2% target, instead stating that the pace of price increases "remains elevated" to justify such a pause. TD SECURITIES SAID: “We look for core PCE prices to register a notably weaker advance in January compared to the CPI equivalent's 0.45% m/m increase. Headline PCE inflation should also come in softer at 0.30%. On a y/y basis, core PCE inflation is likely to drop by a notable three tenths to 2.5%—its lowest level since early 2021. Spending money for personal use looks fell for the first time since March.

Some days ago price started to decline inside falling channel, where it some time traded near $104600 level and broke it. Then, BTC declined to the $91000 level, after which it turned around and rose to the resistance line of the falling channel. Price some time declined near this line and then exited from this channel and tried to grow, but failed. After this Bitcoin continued to decline in another one falling channel, where it firstly rose to resistance line. In this channel, BTC broke $91000 level and fell to support line, but recently it bounced and started to grow. In my mind, Bitcoin can bounce from support line and rise to $90900 resistance line of falling channel.