Day: February 3, 2026

XRP Price Weakness Persists With Bears Eyeing A New Leg Lower

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin supply in loss signals early bear market conditions: CryptoQuant

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Current on-chain data weakens the case for a healthy market pullback, according to CryptoQuant analyst Woo Minkyu, who noted rising supply in loss as a key warning indicator. “Losses are spreading across the supply, even without clear panic yet. This suggests the market is weakening structurally, rather than resetting for another expansion,” Minkyu wrote in a recent analysis. Supply in loss has risen to approximately 44% and continues to expand, even with Bitcoin trading above its realized price. According to Minkyu, similar conditions in previous cycles marked the onset of…

Tether Launches MiningOS, An Open-Source Bitcoin Mining Platform

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Stablecoin issuer Tether has released its open-source Bitcoin mining software, describing it as a means to simplify and scale Bitcoin mining while promoting further decentralization in the sector. In a post on X on Monday, Tether announced the rollout of MiningOS (MOS), stating that the software stack is a modular, scalable operating system built for use by anyone from hobbyists up to large-scale institutions.  “The mining industry has long been limited by closed systems and proprietary tools. MiningOS changes that — introducing transparency, openness, and collaboration into the core of…

Lack Of Leverage And Metals Rally Drag Down Ether Tom Lee

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Fundstrat head of research Tom Lee argues Ether’s recent slump should be seen as “attractive” as its fundamentals remain strong, and that it has only fallen due to a lack of leverage and a flight to precious metals.  The first quarter of 2026 is shaping up to be Ether’s (ETH) third-worst Q1 in history, with the asset down 21% so far this year, according to CoinGlass.  However, Lee said the price drop has come at a time when network on-chain activity and fundamentals have continued to grow. Ethereum daily transactions…

Ethereum Price Struggles At Resistance, Opening Door To Renewed Losses

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Ethereum price extended its decline below $2,420 and $2,300. ETH is now attempting to recover from $2,150 but faces many hurdles near $2,365. Ethereum failed to stay above $2,350 and started a fresh decline. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,400 zone. Ethereum Price Eyes Another Decline Ethereum price failed…

BTC Faces Possible 6 Month Recovery After Key Price Level Was Lost

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Bitcoin (BTC) closed its weekly candle at $76,931 on Sunday, causing BTC to lose its 100-week moving average for the first time since October 2023. Analysts are now weighing whether the move marks the early stages of a bear market and what this shift may mean for Bitcoin’s recovery in the long term. Key takeaways: Bitcoin closed a weekly candle below the 100-week simple moving average, a trend linked with multi-month drawdowns. Past bearish breakouts below the weekly trend lasted between 182 and 532 days. Heavy spot volume between $85,000…

Trump Denies Involvement in $500M Abu Dhabi WLFI Stake

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US President Donald Trump has denied knowledge of a reported multimillion-dollar deal between his family and an Abu Dhabi royal for a significant stake in the World Liberty Financial crypto platform. “I don’t know about it,” Trump told reporters on Monday when asked about his involvement in the deal. “My sons are handling that — my family is handling it,” Trump added. “I guess they get investments from different people.” JUST IN: 🇺🇸🇦🇪 President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto…

Fenwick Settles FTX User Lawsuit Over Work for Exchange

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The plaintiffs filed the lawsuit in 2023, accusing the law firm of playing “a key and crucial role” in “how the FTX fraud was accomplished.” FTX users and Fenwick & West have reached a proposed settlement over a 2023 lawsuit alleging the law firm helped carry out the fraud that led to the crypto exchange’s collapse over three years ago. Fenwick and lawyers representing FTX users said in a joint filing to a Florida federal court on Friday that they plan to lodge the proposed settlement with the court for…

Bitcoin Price Attempts A Comeback, But Follow-Through Remains Thin

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Bitcoin price extended its decline below $78,000. BTC is now attempting to recover from $74,500 but faces many hurdles near $80,000. Bitcoin is attempting to recover above $77,000 and $78,000. The price is trading below $80,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $78,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $77,000 and $76,000 levels. Bitcoin Price Faces Resistance Bitcoin price failed to…

ISM Manufacturing PMI Rise is Bullish For Bitcoin

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A metric tracking the health of the US economy has just posted its highest monthly score since August 2022, and crypto analysts say it could signal a turnaround for Bitcoin, which is trading at $78,000. The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing activity in the US, recorded a score of 52.6 in January, beating the market consensus of about 48.5 and ending 26 consecutive months of economic contraction, ISM stated in a report on Monday. The index score is a closely watched…