Day: February 5, 2026

Bitcoin Sees First $69,000 Dip in 15 Months as ‘Someone Enormous’ Sells

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Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over. Key points: Bitcoin tumbles below 2021 highs for the first time since November 2024. Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play. Market participants believe that large entities are selling BTC on a schedule. Bitcoin collapses to $69,000 in fresh cascade Data from TradingView captured new 15-month BTC price lows of $69,100 on Bitstamp during the Asia trading session. BTC/USD one-hour chart. Source: Cointelegraph/TradingView The latest plunge marked Bitcoin’s…

Bitcoin ETFs ‘Hanging In There’ Despite Price Plunge: Analyst

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US-based spot Bitcoin exchange-traded fund (ETF) holders are showing relatively firm conviction despite a four-month Bitcoin downtrend, according to ETF analyst James Seyffart. “The ETFs are still hanging in there pretty good,” Seyffart said in an X post on Wednesday. While Seyffart said that Bitcoin (BTC) ETF holders are facing their “biggest losses” since the US products launched in January 2024 — at a paper loss of around 42% with Bitcoin below $73,000 — he argues the recent outflows pale in comparison to the inflows during the market’s peak.  Bitcoin…

Coinbase Premium Hits Yearly Lows Amid Institutional Selloff

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The Coinbase Premium Gap, a metric used to estimate demand for Bitcoin from institutional investors relative to retail investors, has fallen to its lowest level in over a year — signaling a potential sell-off by professional investors, according to an analyst.  The Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair. When it turns negative to this extent, it means that the price of Bitcoin (BTC) on Coinbase Advanced Trade (formerly known as Coinbase Pro) — a platform mainly used by professionals, institutions and high-net-worth…

Feds Crypto Trace Gets Incognito Market Creator 30 Years

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The creator of Incognito Market, the online black market that used crypto as its economic heart, has been sentenced to 30 years in prison after some blockchain sleuthing led US authorities straight to the platform’s steward. The Justice Department said on Wednesday that a Manhattan court gave Rui-Siang Lin three decades behind bars for owning and operating Incognito, which sold $105 million worth of illicit narcotics between its launch in October 2020 and its closure in March 2024. Lin, who pleaded guilty to his role in December 2024, was sentenced…

Solana (SOL) Breakdown Accelerates At $90, $80 Suddenly Looks Vulnerable

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Solana failed to settle above $102 and extended losses. SOL price is now consolidating losses below $95 and might struggle to start a recovery wave. SOL price started a fresh decline below $100 and $95 against the US Dollar. The price is now trading below $100 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $98 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $90 or $85.…

Crypto Firms Offer Compromises To Save Stablecoin Yield Bill

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Some crypto companies have proposed giving community banks a bigger stablecoin role as Senate negotiations stall over the contentious market structure bill. Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market structure bill.  The legislation passed the House but has stalled in the Senate as negotiations continue over whether stablecoin issuers should be allowed to offer yields, with banks arguing it will compete with and take money away from traditional savings accounts. Anonymous sources told Bloomberg that crypto firms are…

Strategy faces $3.8 billion loss as Bitcoin sinks under $71K on Saylor’s birthday

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Strategy, the world’s largest crypto treasury firm, has seen unrealized losses on its Bitcoin holdings reach $3.8 billion amid a sharp market downturn that drove the crypto asset below $71,000. The recent sell-off, falling on Michael Saylor’s birthday, sparked $777 million in liquidations in 24 hours, largely from long bets. Bitcoin has declined roughly 19% so far this year and now trades at levels last seen around the 2024 election, TradingView data shows. Strategy holds 713,502 BTC acquired for approximately $54.3 billion at an average price of around $76,000 per…

XRP Sentiment Extremely Higher Than Bitcoin And Ethereum: Santiment

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XRP sentiment on social media has remained relatively robust despite a crypto market slump that has seen Bitcoin fall close to $70,000. Santiment said in an X post on Wednesday that “XRP is seeing a more optimistic outlook among traders” on social media as Bitcoin (BTC) and Ethereum (ETH) have “turned extremely bearish” after a major downswing. Santiment’s Positive/Negative sentiment indicator, which measures the ratio of positive to negative social media mentions for a cryptoasset, shows XRP (XRP) has a score of 2.19, 103% higher than Ethereum’s 1.08 and 173%…

Bhutan Sells $22.3M Bitcoin As Mining Conditions Worsen

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Bhutan has offloaded over $22 million in Bitcoin mined through its state-owned mining venture as the cryptocurrency’s price continues to tumble and mining conditions worsen. Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday.  The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring assets to market makers often indicates selling, as they help convert those assets into liquid…

XRP Price Cracks $1.50 Support, Bears Eye Lower Targets Next

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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…