Day: February 4, 2026

Bitcoin Traders Eye 200-Week Trendlines for a BTC Price Bottom

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Bitcoin (BTC) traders see its ultimate support trendline coming into play as part of a new macro BTC price bottom. Key points: Bitcoin is nearing a long-term trendline retest for the first time since late 2023. Weekly moving averages are on the radar as a BTC price safety net should the market fall again. Market outlooks place emphasis on trader resilience despite a 40% drawdown. BTC 200-week trend line “should be the bottom” The latest analysis increasingly expects Bitcoin to test its 200-week exponential moving average (EMA) at $68,400. After…

Tom Lee defends BitMine’s $6B in unrealized ETH losses as a feature, not a flaw

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Thomas “Tom” Lee, chairman of BitMine Immersion Technologies, has defended the company’s multibillion-dollar unrealized losses on its Ethereum holdings, arguing that short-term declines are a natural feature of its role as an ETH treasury vehicle. In a recent statement addressing claims that BitMine was “the final exit liquidity” for early Ether holders, Lee said critics misunderstood the company’s strategy. As an ETH-linked treasury vehicle, BitMine’s value is meant to move in tandem with Ethereum’s prices, he stated, adding that the declines were expected and should be viewed in the same…

Survey Shows Crypto Investors Favor Infrastructure Over DeFi

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A survey of senior crypto investors and executives suggests capital priorities are shifting away from decentralized finance (DeFi) and toward core infrastructure, as decision-makers focus on liquidity constraints and market plumbing.  The findings come from a new report published by the digital asset conference CfC St. Moritz, based on responses from 242 attendees of its invitation-only event in January. Respondents included institutional investors, founders, C-suite executives, regulators and family office representatives.  According to the survey, 85% of respondents selected infrastructure as their top funding priority, ahead of DeFi, compliance, cybersecurity…

TRM Labs Completes $70M Round At $1B, Becomes Crypto Unicorn

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Blockchain intelligence platform TRM Labs completed a $70 million Series C funding round, valuing it at $1 billion, becoming the latest crypto company to reach unicorn status. The investment round was led by seed investor Blockchain Capital, with participation from Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures, according to a Wednesday news release. TRM Labs seeks to equip public and private institutions with AI solutions that combat cybercrime. The company defends against illicit activities that increasingly rely on automation. “At TRM, we’re…

UK Lords Stablecoin Inquiry Hears Criticism of Stablecoins and GENIUS Act

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The United Kingdom’s House of Lords heard critical views on stablecoins Wednesday, with witnesses claiming that tokens were mainly “on- and off-ramps into crypto,” rather than the future of money. The House of Lords held a public session as part of its new inquiry into how stablecoins should be regulated in the country, gathering evidence on their role in payments, banking and financial stability. The Financial Services Regulation Committee (FSRC) grilled witnesses on stablecoins’ competition with banks, cross‑border use, illicit finance risks and their treatment under the Guiding and Establishing…

Mercado Bitcoin Deploys $20M in Private Credit on Rootstock

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Latin American digital asset platform Mercado Bitcoin said that it had deployed more than $20 million of tokenized private credit on Bitcoin sidechain Rootstock, deepening its push into real-world assets (RWAs) and targeting $100 million in issuances by April.  According to a release shared with Cointelegraph, several offerings had already reached target capacity since going live. The move adds Rootstock to Mercado Bitcoin’s multichain tokenization strategy, which includes planned RWA issuances on Stellar (XLM) and the XRP Ledger, giving international investors Bitcoin‑secured exposure to Latin American private debt markets. Lucas…

XRP Just Hit A Golden Pocket, Relief Bounce Puts Price At $2.5

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XRP is showing signs of a potential bullish turnaround after recently hitting a Golden Pocket. Analysts say this Golden Pocket could trigger a strong relief bounce in the XRP price, potentially propelling it toward $2.50. At the same time, they predict that a price drop to new lows remains possible if the market does not unfold as expected.   In an X post on Monday, crypto market analyst CasiTrades announced that XRP has hit a Golden Pocket, bringing attention to an upcoming W4 relief bounce that could fuel a rally to…

Classic Chart Pattern Signals ETH Could Slip Below $2K

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The price of Ethereum’s native token, Ether (ETH), risks sliding below $2,000 in February as a classic bearish setup plays out. Key takeaways: ETH breakdown keeps $1,665 downside target in focus. MVRV bands also point to price sliding toward $1,725 or lower before a potential bottom. ETH/USD daily chart. Source: TradingView ETH risks declining 25% in February As of Wednesday, ETH had entered the breakdown stage of its prevailing inverse-cup-and-handle (IC&H) pattern. This could extend a downtrend that has already erased about 60% from its August 2025 peak. An IC&H…

UBS considers crypto offerings and tokenized deposit products for clients

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UBS Group AG, the Swiss universal banking leader, is exploring ways to offer crypto access to individual clients, said CEO Sergio Ermotti on the company’s earnings call on Wednesday. The CEO noted that the bank is working on building foundational digital capabilities and is also looking into targeted offerings for corporate like tokenized deposits. On asset tokenization, one of the dominant trends in finance in 2026, UBS plans to adopt a “fast follower” strategy, aiming at growth over the next three to five years to complement its existing services. The…

BTC Downtrend Not Over? Why Bitcoin’s Next ‘Liquidity Magnet’ Could be $65K

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Bitcoin (BTC) traded as high as $76,900 on Wednesday, up 4.5% above its 15-month low of $72,860, reached on Tuesday. However, there are increasing signs that Bitcoin’s price could experience a deeper correction over the following weeks or months. Key takeaways: Bitcoin confirms bearish technical patterns on multiple time frames, risking a deeper correction toward $60,000. Bitcoin’s Puell Multiple could stay in the discount zone longer, indicating a continuation of the downtrend. A surge in BTC inflows to Binance could provide bears with fuel for a deeper pullback. Bitcoin’s chart…