Bitcoin jumped back to around $70,600 on February 7 after falling near $60,000, reversing a recent 14% drop from early February highs. At the same time, the Crypto Fear and Greed Index fell to extreme fear, with a reading between 6 and 10, the lowest since 2022, highlighting deep investor anxiety over volatility, trading volume, …
Crypto asset manager 21Shares has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch a spot ETF based on ONDO, the native token of Ondo Finance. The proposed 21Shares Ondo Trust would directly hold ONDO tokens and track their performance using the CME CF Ondo Finance-Dollar Reference Rate, with …
Bitcoin’s roughly 50% drawdown has less to do with cycle déjà vu than a deeper break in the market’s old playbook, according to Jeff Park, partner and CIO at ProCap Financial, who argues a prospective Kevin Warsh-led Federal Reserve could catalyze a regime shift in how Bitcoin trades. In an conversation with Anthony Pompliano, Park said he believes Bitcoin has been in a bear market “for quite a bit,” and warned that the familiar reflexive framework, easier policy, more liquidity, higher BTC, has stopped doing the explanatory work it once did. What Kevin Warsh Means For Bitcoin Park’s starting point was a blunt claim: the assumed linkage between Bitcoin and global liquidity has “been broken for quite some time.” He pointed to what he described as steadily rising global liquidity through 2025, citing Michael Howell’s tracking and estimating the level at roughly $170 trillion, alongside broad-based strength in other asset classes. “Asset prices have all gone up,” Park said, referencing a “frenzied rally” in metals and corporate credit spreads near all-time lows, before adding: “there actually is a lot of reasons to think that Bitcoin should have also already participated, but it didn’t.” Related Reading: Bitcoin Crash On Feb. 5 Was Historic: The Numbers Behind The Selloff That divergence, he argued, is why investors should stop leaning on backward-looking heuristics that have become psychological crutches. In his telling, crypto markets have repeatedly assumed history would re-run—altcoin rallies after bitcoin rallies, a durable four-year cycle, and the idea that QE or lower rates reliably lift BTC. “It’s worth remembering that there’s things that are constantly changing about the world where everything looks a little bit different than the way you had modeled it before,” he said. From there, Park reframed the debate around his “negative rho” versus “positive rho” Bitcoin framework. The former is the risk-asset version most investors recognize: rates down, risk up, Bitcoin up. The latter is the endgame: Bitcoin rising as rates rise, effectively challenging the notion of a stable “risk-free” rate by calling into question the credibility of the monetary order itself. “This is the mythical elusive perfect holy grail of what Bitcoin is meant to be,” Park said of positive-rho Bitcoin. “What it’s undermining is the risk-free rate itself. In that world, what we’re saying is actually because the risk-free rate is not the risk-free rate. Because the dollar hegemony is not the dollar hegemony and we are no longer able to price the yield curve in the ways we’ve known that means we need something different… and bitcoin is that hedge.” Park suggested the market may be inching toward that worldview as US policymaking becomes more explicitly about system repair, not incremental tweaks. He described the current US administration as attempting to “wrestle control of the economy away from the Federal Reserve” via deregulation, tax cuts, tariffs, and efforts to weaken the dollar, leaving the Fed “on their back foot” amid shifting “tectonic plates” across policy channels. Absolutely enjoyed recording this, even though we of course wish prices were higher. For those who have been listening to our show (monthly going forward), the fact that we are in a bear market won’t come as a big surprise. Still, Bitcoin can survive all this! Listen below ???? https://t.co/JSrKOw5QLY — Jeff Park (@dgt10011) February 5, 2026 That’s where Park placed Warsh, a former Fed governor and, in Park’s telling, a rare combination of institutional fluency and technological conviction, as potentially pivotal. Park recounted an interaction from 2021 or 2022 in which Warsh expressed enthusiasm for Bitcoin while criticizing “phonies” who treat tech as “magic.” Warsh, Park said, “truly believed deep in his heart that this isn’t magic… that it actually is going to solve a lot of problems and bring efficiencies and Bitcoin is a core part of that cultural fabric.” Related Reading: PlanB Lays Out Four Bitcoin Bear-Market Scenarios Crucially, Park emphasized Warsh is not an anti-institution wrecking ball. Instead, he portrayed Warsh as someone who understands why the Fed’s legitimacy has been challenged and how it might be rebuilt. One line, Park said, has “always stuck” with him: “inflation is a choice.” Park contrasted that with Fed communication that, in his view, sometimes treats inflation as something that merely happens due to tariffs or war, rather than an outcome of policy tools and mandates. For Park, a Warsh appointment matters less because it guarantees easier policy and more because it could accelerate a rethink of Fed–Treasury coordination. He said he is “optimistic about the possibility of a new Fed Treasury accord that Bessant and Warsh can rewrite,” arguing the heart of the issue is the Triffin dilemma and the tension between the dollar’s external reserve role and internal saver role. “It’s not that we need fed independence,” Park said. “We actually need Fed interdependence with the Treasury.” The irony, in Park’s framing, is that “more accommodative policies may in fact actually not be the catalyst” for Bitcoin’s next bull phase. Instead, he argued Bitcoin’s bid ultimately strengthens when the world feels less like “peacetime” and more like “wartime”, when industrial, military, and fiscal policy dominate, centralization pressures rise, and capital controls become more plausible. The people who “need Bitcoin,” he said, are not US investors with endless alternatives, but those facing constraint and censorship. If Park is right, Warsh isn’t bullish for Bitcoin because he’ll deliver a familiar liquidity wave. He’s bullish because a Warsh-era Fed, paired with a Treasury aligned on system-level reform, could push markets toward the “positive rho” regime, where Bitcoin’s value proposition is less about riding stimulus and more about challenging the architecture that made stimulus necessary in the first place. At press time, BTC traded at $66,396. Featured image created with DALL.E, chart from TradingView.com
The surge in Google search activity for "Bitcoin" led Bitwise’s head of Europe, André Dragosch, to claim that “retail is coming back.”
Strategy’s leadership is pushing back against growing concerns that the world’s largest corporate holder of Bitcoin (BTC) could face serious financial stress as the cryptocurrency’s price continues to slide. Speaking after the company released its fourth‑quarter results, CEO Phong Le sought to reassure investors that the firm remains well-positioned, even as Bitcoin fell close to $60,000 on Thursday. Bitcoin Sell‑Off Tests Strategy’s Financial Resilience Bitcoin dropped roughly 50% since reaching all‑time highs of $126,000 in October of last year, a period during which Strategy, formerly known as MicroStrategy, was aggressively accumulating the digital asset. The sell‑off has weighed heavily on the company’s share price. Strategy’s stock, trading under the ticker MSTR, sank to about $104 on Thursday, its lowest level since August 2024, after plunging more than 17% during the session. Related Reading: Bitcoin Crash Exposes Colossal Corporate Losses — Here’s Who’s Most Impacted For now, investors are focused on two key factors: the price of Bitcoin itself and Strategy’s ability to meet its financial obligations if the downturn deepens. Those questions loomed large as founder Michael Saylor and CEO Phong Le addressed analysts during the firm’s earnings call. Much of the attention centered on how Strategy would navigate a prolonged “Bitcoin winter,” should one materialize. Saylor has already taken steps to bolster the company’s financial flexibility, including raising a $2.25 billion cash reserve to cover preferred dividend payments totaling $888 million annually. However, investors remain uneasy about the company’s $8.2 billion in low‑ and zero‑interest convertible bonds, which could begin facing early redemptions starting in September 2027, particularly now that MSTR shares have fallen sharply. Politics, Leverage, And Valuation In Focus Saylor reiterated that the company is keeping its options open, including the possibility of selling Bitcoin if market conditions require it. He also framed crypto investing as inseparable from politics, pointing to President Donald Trump’s pro‑crypto stance and noting that Trump’s nominee for Federal Reserve (Fed) chair, Kevin Warsh, is viewed as supportive of digital assets. Still, Bitcoin fell through its post‑2024 election lows on Thursday, reflecting skepticism that the federal government will actively support Bitcoin purchases. Treasury Secretary Scott Bessent reinforced those doubts this week, telling Congress he lacks the authority to rescue Bitcoin markets. On the balance‑sheet front, CEO Phong Le addressed worries about Strategy’s leverage. He said the company operates with roughly one‑third the leverage of a typical high‑yield firm. Related Reading: Bitcoin Crashes Below $67,000 As Stifel Warns Of Potential Drop To $38,000 According to Le, Bitcoin would need to decline by about 90% for Strategy’s Bitcoin reserves to merely equal the value of its convertible debt. Even in that extreme scenario, he said, the company would explore restructuring options if it could not convert the debt into equity. Strategy’s own disclosures show an enterprise value of about $49.95 billion, compared with roughly $45.33 billion worth of Bitcoin on its balance sheet. Enterprise value includes the company’s market capitalization, preferred shares, and convertible bonds, minus cash. If Bitcoin drops once again near $63,000, Strategy’s market cap of $35.57 billion would need to fall about 13% from its recent closing price of $106.99 to eliminate the valuation premium over its Bitcoin holdings. However, since Thursday’s crash, both Bitcoin and Strategy’s stock have made a significant recovery. Bitcoin, for example, has surged to around $69,256. MSTR has recovered above $130, marking a 20% increase in less than 24 hours and offering short-term relief. Featured image from OpenArt, chart from TradingView.com
According to Matt Hougan, chief investment officer at Bitwise Asset Management, much of the crypto complex already went through a down cycle last year even though headline coins looked steadier. Related Reading: Russia’s Biggest Exchange To Launch XRP Indices And Futures He points to heavy buying from ETFs and companies that kept Bitcoin, Ether, and XRP from showing the full brunt of those losses. Some tokens, without that same support, fell hard — in many cases by about 50%–60% — and behaved like past bear phases. Institutional Buying Accelerates Hougan Says ETF flows and corporate accumulation have shifted the balance. When institutions buy more than new supply, price pressure changes. That is what he highlights. “We ran the four-year cycle last year,” Hougan said. “We’re already at the bottom. I think we’re coming back up.” ETF purchases and corporate hoarding at times outpaced newly mined Bitcoin, creating a persistent bid under the market. Reports note the comparison to gold, where steady central bank buying first steadied prices and later helped fuel much bigger moves. “Just like gold eventually entered a parabolic move, Bitcoin will follow suit,” Hougan said. We’re just earlier in that process.” A Selective Altcoin Cycle Expected Investors are getting pickier. The next up-cycle, according to this view, will reward projects with clear use and steady activity, not every token with hype. Networks tied to stablecoins, tokenization, and real infrastructure work stand a better chance of drawing capital. Lower-quality projects that lack users or clear purpose could see little interest and remain sidelined. Bitcoin Price Action In the middle of these structural shifts, Bitcoin’s price has kept traders busy. Recently BTC slid from earlier peaks to roughly 60,000–65,000 before finding buyers and moving back above 65,000 amid a broader rebound. Geopolitical headlines pushed risk appetite up and down, and those swings helped produce one of Bitcoin’s rougher stretches in weeks. Reports say traders are watching headlines closely because news can prompt sudden outsized moves. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan Says A Slow Transfer From Old Hands To New Buyers Long-term holders are selling some coins while institutions move in. That hand-off can feel messy. A sale wall forms when investors who bought early decide to take profit, and large institutions step in to absorb that supply. That process has been observed in other asset classes as they mature, and it does not automatically mean demand is weakening over the long run. Featured image from Unsplash, chart from TradingView
Bitcoin reaching a point where its price keeps rising even as the US Federal Reserve hikes interest rates would be "the endgame," according to crypto executive Jeff Park.
The latest slide in Dogecoin (DOGE) is a reminder of how quickly sentiment can shift in a fragile crypto market. Once known for sharp rallies driven by social media buzz, the meme coin is now struggling to find a footing amid broader selling pressure that overshadows brief bursts of optimism. Related Reading: 5 Red Months In A Row: What’s Going On With Bitcoin And The Crypto Market? Despite another round of speculation linked to Elon Musk, DOGE has fallen below $0.09, reflecting a market more focused on risk reduction than hype-driven trades. The decline follows a short-lived reaction to Musk’s comments about a potential Dogecoin-related moon mission. The token initially rose by about 4%, but the move faded within hours. By the end of the session, DOGE had erased its gains and continued to slide in the days that followed. Currently, Dogecoin is trading around $0.08–$0.09, marking a weekly drop of more than 20% and pushing it below several key support levels. DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview Dogecoin (DOGE) Selling Pressure Builds Across the Market Dogecoin’s weakness has unfolded alongside a broader crypto sell-off. Bitcoin’s breakdown, currently trading below $65,000 and major support levels, triggered widespread liquidations, pulling down high-risk assets such as meme coins. Total crypto market capitalization fell sharply, while the Fear and Greed Index dropped into “extreme fear” territory, signaling heightened caution among traders. This environment has limited the impact of Musk-related headlines. While his past remarks often sparked sustained rallies, recent reactions have been brief. Other meme tokens, including Shiba Inu, have followed a similar path, suggesting the move is less about DOGE-specific news and more about overall market stress. Technical Levels Under Pressure From a technical perspective, Dogecoin has broken below the $0.10 and $0.0950 support levels and briefly touched lows near $0.08. The price remains below key moving averages, backing the bearish trend. Analysts note resistance forming around $0.09–$0.0950, with additional barriers near $0.10 that would need to be reclaimed for any meaningful recovery. Momentum indicators continue to point lower, though some oscillators are approaching oversold levels. Trading volume has increased during the decline, indicating active participation rather than thin liquidity moves. Outlook Hinges on Macro Conditions For now, Dogecoin’s direction appears tied to broader market conditions rather than celebrity-driven catalysts. While some longer-term indicators suggest a potential basing phase could develop, short-term risks remain skewed to the downside. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan Says Unless selling pressure across crypto eases, DOGE may continue to test lower support zones, with market sentiment likely to remain cautious in the near term. Cover image from ChatGPT, DOGEUSD chart on Tradingview
Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.
Data shows the Bitcoin Fear & Greed Index has continued to decline recently, with its value now hitting the lowest level since the 2022 bear market. Bitcoin Fear & Greed Index Is Deep Inside Extreme Fear Zone The “Fear & Greed Index” refers to an indicator created by Alternative that tracks the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Bitcoin Realized Loss Nears $900 Million, Highest Since FTX Crash The index determines the trader mentality using the data of the following five factors: trading volume, volatility, market cap dominance, social media sentiment, and Google Trends. To represent the sentiment, it makes use of a numerical scale running from zero to hundred. When the value of the indicator is above 53, it means the investors as a whole share a sentiment of greed. On the other hand, the metric being under 47 suggests the dominance of fear. Naturally, the index lying between these two cutoffs implies a neutral mentality is shared by the majority. Besides these three main zones, there are also two ‘extreme’ regions called the extreme fear (25 and below) and extreme greed (above 75). After the recent market downturn, sentiment among cryptocurrency traders has deteriorated into the former of the two. Here is how the latest value of the Bitcoin Fear & Greed Index looks: As displayed above, the Bitcoin Fear & Greed Index has a value of 9 at the moment, which is a pretty low level. In fact, this level is so deep into extreme fear that this is the first time in the current cycle that the metric has reached it. Below is a chart that shows how the current level of extreme fear lines up against the indicator’s historical data. From the graph, it’s visible that the last time the Bitcoin Fear & Greed Index reached a value this low was back in June 2022, right in the middle of that year’s bear market. The latest drop in the metric to a single-digit value is a result of the price drawdown that BTC and other cryptocurrencies have faced since the last week of January. This decline in sentiment, however, may not be such a bad thing for the sector, if history is to go by. Often, an extremely fearful market facilitates bottom formations as underwater investors capitulate and resolute hands pick up their coins. During a bear market, however, the Fear & Greed Index is usually inside the zone for a notable duration before a bottom is reached. Related Reading: XRP Social Sentiment Still Bullish While Bitcoin Mood Sours If the recent shift in the sector reflects a transition to a bear market, then it only remains to be seen how long mood will be in extreme fear before relief arrives for Bitcoin and company. BTC Price At the time of writing, Bitcoin is floating around $67,100, down 19% over the last seven days. Featured image from Dall-E, chart from TradingView.com
Regulatory clarity is essential for stablecoins to thrive and drive crypto adoption in the coming years.
The post Edward Woodford: The crypto industry is overly focused on interest rates, accountability in AI is crucial for trust, and regulatory clarity is essential for market stability | Unchained appeared first on Crypto Briefing.
Solana (SOL) is drawing selective investor interest even as the wider crypto market remains under pressure. While sharp price declines across major tokens have weighed on sentiment, recent fund flow data and on-chain activity suggest that capital is not exiting the ecosystem entirely. Related Reading: 5 Red Months In A Row: What’s Going On With Bitcoin And The Crypto Market? Instead, market participants appear to be separating near-term price weakness from longer-term network usage, creating a mixed but notable picture for SOL as it trades around $79. SOL's price records losses on the daily chart. Source: SOLUSD on Tradingview Solana ETF Inflows Stand Out Against Broader Outflows On February 5, U.S. spot crypto ETFs recorded uneven capital movements. Bitcoin spot ETFs saw net outflows of about $434 million, while Ethereum funds posted roughly $80.8 million in outflows. In contrast, Solana spot ETFs recorded net inflows of $2.82 million, according to data compiled by SoSoValue. Although modest in absolute terms, the inflows stood out against the broader trend of risk reduction. The data suggests that some institutional and professional investors are maintaining or adding limited exposure to Solana-linked products despite ongoing volatility in digital asset markets. Network activity offered a similar contrast. Solana processed more than $31 billion in decentralized exchange (DEX) spot volume over the past week, indicating sustained user engagement even as prices declined. This divergence between price action and activity has been a recurring theme during recent market stress. Price Pressure and Bearish Market Structure Despite ETF inflows, SOL price action remains weak. The token has fallen more than 30% over the past week, briefly trading in the $67–$68 range before rebounding to $80. Technical indicators continue to reflect bearish momentum. Futures data shows declining participation, with Solana’s open interest falling to around $5 billion, its lowest level since mid-April 2025. Funding rates have also turned negative, while the long-to-short ratio remains below one, signaling that more traders are positioned for further downside. On the charts, SOL remains in a clear downtrend. The break below key psychological levels near $100 and $85 accelerated selling pressure. Analysts now point to $82 and $76 as near-term support levels, with $60 still cited as a downside risk if selling intensifies. Institutional Interest Persists Despite Volatility Away from price charts, institutional developments continue to support Solana’s longer-term narrative. Recent announcements include corporate treasury initiatives using the Solana blockchain and partnerships in Asia focused on tokenizing traditional securities. These moves highlight ongoing experimentation with Solana’s infrastructure despite unfavorable market conditions. Related Reading: Bitcoin Edges Past Gold In Appeal, JPMorgan Says Currently, SOL sits at the intersection of weak short-term momentum and pockets of institutional and network strength. The $2.82 million ETF inflow does not reverse the broader downtrend, but it underscores that interest in Solana has not disappeared, even as markets remain under stress. Cover image from ChatGPT, SOLUSD chart on Tradingview
Solana has suffered a sharp sell-off that’s left its chart looking fragile, with price sliding straight into a key demand zone. Despite the drop, big money remains notably cautious, signaling that institutions may be waiting for clearer direction before stepping in. Solana’s Sharp Breakdown Leaves the Weekly Chart on Edge AltCoin Việt Nam noted that Solana has already suffered a sharp sell-off, a move that is clearly reflected on the weekly chart. Price dropped aggressively from the higher range and is now trading around the $90–93 zone. The bounce so far appears weak, and volume is not signaling strong participation from large buyers stepping in to defend the move. Related Reading: Solana Accumulation Narrative Strengthens With Big Institutions, A Rally Imminent? What stood out most in the update was the behavior of institutional players. Despite the lower prices, institutional ETFs have shown little interest in accumulating SOL in this zone. This contrasts sharply with earlier phases, when they were buying aggressively at much higher levels. Addressing questions from the community about whether institutions “knew” the crash was coming, AltCoin Việt Nam explained that this is not necessarily the case. Instead, institutional behavior simply differs from that of retail traders. Their decisions are driven more by trend structure, liquidity conditions, and capital flows than by attempts to predict exact price bottoms. Firstly, ETFs typically do not dollar-cost average in the same way retail investors do. When momentum is strong and inflows are active, they are willing to buy at higher prices to maintain exposure. However, once the trend breaks and volatility rises, waiting for clarity becomes more important than trying to catch the bottom. For institutions, entering at the right time with renewed momentum matters far more than buying at the lowest possible price. Finally, AltCoin Việt Nam highlighted that ETF accumulation is also dependent on capital inflows. Without fresh money entering the funds, there is little incentive or ability for them to add positions, even at discounted prices. For retail participants, the approach may differ. Short-term traders should not expect immediate institutional support, as large players currently have no urgency to step in. Step-Down Decline Brings SOL Into Key Demand Zone According to an update by BitGuru, Solana has been moving lower in a series of step-down declines, reflecting sustained bearish pressure. Price has now reached a key demand zone between $90 and $95, an area where buyers have previously stepped in to defend the market. Related Reading: Solana To Retest November Lows After $144 Rejection, But Analysts Remain Bullish BitGurun noted that selling pressure appears to be easing as SOL trades within this range, suggesting that the market is attempting to form a short-term base. If this demand zone continues to hold, BitGuru believes a relief move toward prior structural levels becomes increasingly likely. Such a move would represent a technical rebound rather than a full trend reversal. Featured image from iStock, chart from Tradingview.com
Bitcoin (BTC) has officially entered a new bear market after suffering a steep 50% decline from its all‑time high. The leading crypto fell as low as $60,000, marking its weakest level since October 2024 and intensifying debate over how much further prices could slide before the next long‑term bottom is reached. As markets search for direction, crypto market expert NoLimit has shared a detailed framework outlining when and where he believes Bitcoin could ultimately bottom in this cycle. Rather than focusing solely on price targets, NoLimit argues that time plays an equally important role in identifying major turning points in Bitcoin’s market cycles. Potential Bitcoin Low In Oct–Nov According to his analysis, past Bitcoin bear markets show a relatively consistent pattern when measured from all‑time highs to cycle lows. Following the first Halving cycle in 2012, Bitcoin reached its bottom after 406 days. Related Reading: Bitcoin Crash Exposes Colossal Corporate Losses — Here’s Who’s Most Impacted The second Halving cycle in 2016 saw a bottom after 363 days, while the third cycle following the 2020 Halving bottomed after 376 days. The current cycle, following the 2024 Halving, has not yet completed this process. Based on these historical timeframes, NoLimit believes there is a high statistical likelihood that Bitcoin’s next major capitulation point will occur between October and November 2026. What NUPL Data Suggests In his analysis, NoLimit also highlighted an institutional‑grade on‑chain indicator known as Net Unrealized Profit/Loss, or NUPL. Historically, when NUPL enters what is referred to as the “blue zone,” Bitcoin has reached generational lows. Related Reading: Analyst Who Predicted XRP’s 600% Rally Forecasts The Bottom And A Target Of $10 This signal successfully identified the bottom during the 2018 bear market, the COVID‑19 crash, and the 2022 market low. According to NoLimit, Bitcoin has not yet entered this zone in the current cycle and remains some distance away from it. Taking all factors into account, NoLimit said he would not be surprised to see Bitcoin trading between $45,000 and $50,000 by the end of 2026. He described that range as his ultimate bottom target. Featured image from OpenArt, chart from TradingView.com
XRP’s current pullback has diverted attention away from short-term volatility and back toward the bigger picture on the chart. The cryptocurrency is now down by over 60% from its July all-time high, and the decline is showing signs of more downside. As the price continues to break below support levels, one analyst whose earlier outlook preceded a major XRP rally says the cryptocurrency may be approaching a bottom for another accumulation phase. Analyst Points To A New Accumulation Phase XRP’s recent price action has seen many analysts projecting a bottom where the decline might end. However, a technical analysis of XRP’s price action on the 2-week candlestick timeframe chart, which was posted on the social media platform X, frames the current XRP price action as an entry into an accumulation zone. Related Reading: XRP Price Falls Below $1.6: You Won’t Believe What Institutions Are Doing Amid The Crash According to the analysis, XRP has now corrected roughly 58% from its recent peak, placing it directly inside what he calls the first accumulation zone between $1.50 and $1.30. The outlook by Crypto Patel is that this area is not about catching an exact bottom but about building exposure gradually as the price stabilizes. Based on this, the analyst predicted that XRP’s decline will bottom somewhere between $1.5 and $1.3, and this is a great time to start buying slowly at these levels. However, Patel’s outlook also accounts for a deeper drawdown scenario. Should XRP lose the $1.30 region, then the next focus is in a secondary accumulation band between $0.90 and $0.70. Nonetheless, a move into that lower range would still not invalidate the bullish thesis. Instead, it would represent what he describes as the best long-term accumulation opportunity for maximum profits. The $10 Target Is Still In Play XRP’s current price action is a far stretch from reaching $10, and that target seems out of reach at the moment. However, despite adopting a near-term caution, many analysts have not changed their long-term projections. Related Reading: XRP’s 173-Day Theory: What Happens If This Historical Trend Plays Out Again Patel, for example, noted that his long-term target is $10. Although the $10 target remains the same, the analyst noted that buying at $3 or $2 is not ideal since there are opportunities for entries at $1.50-$1 during hard dips for much bigger returns. To support his confidence, Patel pointed back to his previous cycle call, where he shared an XRP setup around $0.50 during the last bear market. That setup preceded a rally to $3.66, delivering gains of over 600%. XRP’s price action in the past 24 hours is characterized by a crash from an intraday high of $1.44 to an intraday low of $1.14. The cryptocurrency is now back to trading at $1.30 at the time of writing, 670% away from reaching the $10 price target. Featured image from Getty Images, chart from Tradingview.com
ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming ENSv2 update.
Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse. BTC had recovered to $69,800 as of press time, according to CryptoSlate data. Still, Glassnode data helped frame the extent to which the price had slipped relative to widely […]
The post Bitcoin whales are dumping massive amounts of supply on exchanges as liquidations mirror the 2022 FTX market collapse appeared first on CryptoSlate.
Bitcoin price soared back above $71,000, but BTC options data shows pro traders are still extremely cautious about the sustainability of the rebound rally. Is the sell-off really over?
Mizuho sees prediction markets and institutional custody as key businesses for Gemini to stabilize revenue beyond spot trading cycles.
Crypto’s downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations.
Market resilience and retail interest could reshape the future of Bitcoin and crypto investments.
The post Joshua Lim: Bitcoin’s divergence from gold is causing market instability, retail interest will drive price movements, and quantum computing poses risks for institutional investors | Unchained appeared first on Crypto Briefing.
On-chain data shows the Bitcoin Realized Loss has spiked to its highest level since November 2022 as investors have capitulated after the price crash. Bitcoin Realized Loss Has Hit A Value Of $889 Million In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Loss. This indicator measures, as its name suggests, the total amount of loss that investors on the network are ‘realizing’ with their transactions. Related Reading: XRP Social Sentiment Still Bullish While Bitcoin Mood Sours This metric works by going through the transaction history of each coin being sold to see at what price it changed hands before this. If the previous selling price was greater than the latest spot price for any token, then its sale is considered to be resulting in some loss realization. The exact degree of loss involved in the transaction is equal to the difference between the two prices. The Realized Loss sums up this value for all loss transfers to find the total for the network. A counterpart indicator called the Realized Profit deals with the transactions of the opposite type (that is, those with a cost basis lower than the latest selling value). Now, here is the chart shared by Glassnode that shows the trend in the 7-day moving average (MA) of the Bitcoin Realized Loss over the last few years: As displayed in the above graph, the Bitcoin Realized Loss has witnessed a sharp spike recently, implying investors have participated in a notable amount of loss-taking. Something to note is that the version of the metric used by the analytics firm here is the “entity-adjusted” one, meaning that it only tracks transactions occurring between two different entities, rather than just two addresses. Glassnode defines an “entity” to be a cluster of addresses that it has determined to belong to the same owner. In the context of the Realized Loss, the entity-adjusted indicator filters out transactions occurring between the wallets of the same investor. These naturally never involve a true realization of loss (or profit), so removing them from the data provides a more accurate representation of the market. Applying for this filtration, the 7-day MA Realized Loss hit a peak value of $889 million on Wednesday. This is the highest single-day spike in the metric since November 2022, when the market crashed to the bear market bottom following the collapse of cryptocurrency exchange FTX. Related Reading: Social Media Now Talking Sub-$60,000 Bitcoin Prices As Fear Rises The latest investor capitulation has arrived as Bitcoin has been in freefall, with its price now breaking below the $70,000 level. It now remains to be seen whether the loss-taking will sustain or if investor panic will subside in the coming days. BTC Price Bitcoin has taken a blow of more than 21% over the past week that has taken its price to the $66,700 level. Featured image from Dall-E, chart from TradingView.com
Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user.
The repurchase plan follows a volatile earnings week and signals confidence in the firm’s balance sheet.
The White House is betting that a new cash-pay platform—built around blockbuster GLP-1 drugs—can pressure Big Pharma and bypass the middlemen who keep U.S. prices high.
The South Korean exchange said an internal error during a promotional event led to brief price dislocations, stressing that no customer assets were lost.
Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in ETH since the beginning of February, adding narrative fuel to a market rout that saw the world's second-largest cryptocurrency tumble below $2,000. While the high-profile sales by Buterin served as a psychological trigger for retail panic, a closer examination of market […]
The post Ethereum collapses below $2,000 after Vitalik Buterin and insiders moved millions to exchanges into thin liquidity appeared first on CryptoSlate.
Coinbase adopts Sui token standard, expanding access for institutions and retail as SUI rebounds 14% from recent lows.
The post Sui Network partners with Coinbase as exchange adopts Sui token standard appeared first on Crypto Briefing.
The MegaETH Foundation will use revenue earned from the protocol’s native stablecoin USDM to accumulate MEGA tokens.
Nvidia CEO Jensen Huang says AI infrastructure spending is sustainable and will span 78 years as capex hits $650B in 2026.
The post Nvidia CEO says AI data center spending will last 7–8 years amid $650B capex boom appeared first on Crypto Briefing.